Budgeting

If an expense can be removed from your budget to save money, it is considered a _____.

Preparing a budget includes

Examples of Fixed Expenses (amounts don't usually change) include:

When making a budget, a person’s needs should come before their wants.

Taxes help to pay for things such as roads, education, and the military.

Money paid to the federal government is called

According to the following tax bracket, which category would you fall in if you made $72,000?

$0-$10,000- 2%

$10,000- $50,000 – 15%

$50,000- $70,000 – 20%

$70,000- $105,000- 35%

The Gummy family budget $35 a month for a vacation. How much money will they have saved up if they continue to save this amount for 15 months?