Saving and budgeting

Saving and budgeting

9th Grade

10 Qs

quiz-placeholder

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Saving and budgeting

Saving and budgeting

Assessment

Quiz

Business

9th Grade

Practice Problem

Medium

Created by

Vaughan Smith

Used 3+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A plan for wants and needs

A plan for income and expenses from the past

A plan for income and expenses for the future

A cheap product

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If have a budget of $50/week for petrol and then I overspend over several weeks...

I can keep overspending without any worries

I should look for another area to overspend in also

I should look for an area to save in

I should take less hours to save on petrol

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Non-essential spending could be

Takeaways

Internet

Food

Clothes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If I have a job paying $52,000 per year

It works out to be $1,000 gross per week

It works out to be $1,000 net per week

It works out to be $1,000 per week after tax

It works out to be $1,000 per week after paye, acc and kiwisaver

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do our taxes NOT get spent on?

Roading

Teachers

Police Officers

School uniforms

Hospitals

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does financial literacy mean?

I cant read money well

I can manage money by earning and spending wisely

Reading and writing financial plans

I can write accounting terms

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If I earn income of $52,000 per year and it pushes me into the 30% tax bracket

I pay tax at 30% of all of my income

I only pay 30% tax over the $48,000 bracket

Im going to look for a lower paying job to get into the lower tax bracket

I petition the government to lower tax rates

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