Personal Budget (7.13B)

Which of the following is an estimate of income and expenses over a set period of time?

• Discretionary Income

• Fixed Expenses

• Budget

• Variable Expenses

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

Which of these expenses is an example of a variable expense?

• Rent

• Car Payment

• Utilities

• Entertainment

The mortgage payment (housing) and the car payment (transportation) are examples of ...

• Variable Expenses

• Fixed Expenses

• Budgeting

• Assets

An expense that occurs by choice (you choose to spend money eating out or on clothing accessories) is an example of ...

• Intermittent Expense

• Variable Expense

• Fixed Expense

• Budgeting

Expenses that remain the same every month are ...

• Fixed

• Discretionary

• Intermittent

• Variable

Julie budgets $600 of expenses each month. What percent of her budget does she spend on her car?

• 10%

• 25%

• 50%

• 300%

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

This is Julie's monthly budget. How much money does she budget for expenses each month?

• $600

• $300

• $90

• $80

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Jonathan earns $3,500 each month. If he wants to set aside 5% of his income for emergencies each month, how much money will he be setting aside?

• $5

• $35

• $175

• $1750

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

What percent of their budget does the Hernandez family spend on taxes?

• 5%

• 10%

• 50%

• 500%

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

What percent of their budget does the Hernandez family spend on utilities and entertainment?

• 5%

• 20%

• 25%

• 1250%

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3