budgetting

budgetting

8th Grade

15 Qs

quiz-placeholder

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budgetting

budgetting

Assessment

Quiz

Other

8th Grade

Practice Problem

Medium

Created by

Amy Knutson

Used 3+ times

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15 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

Which of the following are TRUE about gross income and net income? (hint: choose 2 correct answers)

Gross income and net income are the same

Net income is sometimes called "take home pay"

Gross income is the total amount earned before deductions

Net income is the total amount earned before deductions

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Check 4 expenses you may have with a vehicle:

insurance

Gasoline

Movie Tickets

Oil change

repairs

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select 2 things that can be considered a Flexible Expense.

Rent

Car Payment

Food

Entertainment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a variable expense is

Electric

WiFi

Book of the Month Club

Netflix

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is the definition of Budget

a document that provides information about an individual's current financial position and presents a summary of income and spending

a plan for using money to meet wants and needs Income cash

the difference between the amount that you own and the debts that you owe

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

$5.23
$5.59
$5.54
$5.89

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

How much?

$40

$4

$20

$80

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