Personal Finance ReTeach & Review

_______ is the money earned for working or selling goods/property.

• Income

• Spend

• Invest

• Labor

Dolores has a weekly disposable income of $75.00. Which option carries the HIGHEST risk of Dolores losing her money with no benefit?

• Investing in stock

• storing his disposable income at home

• depositing her disposable income in a savings account

• purchasing a video game, with her disposable income

Which type of job would a person likely earn the MOST income from a yearlong

• a full-time, low-skill job

• a full-time, high-skill job

• a part-time, low-skill job

• a part-time, high-skill job

What is CREDIT?

• A fee

• A promise to pay for something

• Money that is not spent

• Cash

The money one has saved through a bank

• Savings

• Budget

• Assets

• Sales Tax

When money is taken out of an account, it is called ________,

• withdrawal

• deposit

• profit

• balance

Something that you pay is called_______.

• income

• an expense

• a profit

• savings

Criselia makes and sells bracelets to make extra money. The money she gets is considered ________.

• Needs

• Wants

• Income

• Expense

What does creating and following a personal budget help people do?

• get a lower tax rate

• earn government benefits

• earn more money at work

• save money for emergencies

What do personal budgets help people do?

• manage their incomes

• avoid having to pay taxes

• find goods they want to purchase

• balance their time at home and work