Budgeting
Assessment
•
Paul Bishop
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Other
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9th - 12th Grade
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2 plays
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Medium
Student preview
12 questions
Show answers
1.
Multiple Choice
What is the definition of the term "budget"?
The amount of money you have in the bank.
The amount of money available for a specific purpose.
The amount of money you have in investments.
The amount of money you save to pay taxes.
2.
Multiple Choice
In the "70-20-10" formula, the "10" is the percentage of your income used to
pay for education
to invest in savings
to pay off debts
to invest in a home
3.
Multiple Select
What do "living expenses" include
college tuition
food
rent/housing
cable and internet
4.
Multiple Choice
In the "70-20-10" Rule, for the 20%, the first 10% should go towards
education
taxes
retirement
personal expenses
5.
Multiple Choice
In the "70-20-10" Rule, the "10" is the percentage for debt repayment. What is included in debt repayment?
car loans
college loans
credit cards
all of the above
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