Personal budgets

The amount of money earned over a period of time.

• Income

• Fixed Expense

• Variable Expense

• Budget

Tags

CCSS.7.EE.B.4A

An expense that differs from month to month.

• Income

• Fixed Expense

• Variable Expense

• Budget

Tags

CCSS.3.OA.D.9

An expense that is the same amount and cannot easily be changed.

• Income

• Fixed Expense

• Variable Expense

• Budget

A plan that is used to determine how money will be spent.

• Income

• Fixed Expense

• Variable Expense

• Budget

If Ryan's take-home pay is $3600, what percentage does he pay for rent if rent is $900.

• 25%

• 4%

• 0.04 %

• 0.25 %

If Ryan's take home pay is $7,000 and he pays $350 to pay for gas for his car, what percentage of his budget does he spend on gas?

• 5%

• .05 %

• 20 %

• 0.20 %

Ryan would like to save 15% of his take-home pay towards retirement. How much should he save each month if he makes $5,000 each month?

• $750

• $75,000

• $1125

• $75

Tags

CCSS.6.RP.A.3C

If transportation costs include a car payment and gas, and Ryan's car payment is $350 and he pays $100 for gas, what percentage is Ryan paying for transportation costs each month if his take home pay is $9,000?

• 5 %

• 3.8 %

• 1.1 %

• 28 %

True or False: All types of expenses are the same each month and never change.

• True

• False

Tags

CCSS.8.F.B.4

CCSS.HSF.LE.A.2

True or False: Income can either come from wages (hourly earnings) or Salary (monthly or yearly earnings).

• True

• False

Tags

CCSS.HSA-SSE.A.1A