Adulting101 Final Exam

Your monthly cost for rent/mortgage should not exceed:

• 20%

• 25%

• 30%

• 35%

You should keep a _____ supply worth of funds in your savings account for emergencies.

• 3 month

• 6 month

• 9 month

• 12 month

The amount of money you have available after taxes, is referred to as your ______ ______.

• disposable income

• discretionary income

• taxable income

• variable income

Your mortgage and insurance, which are the same amount of money each month, would be examples of:

• variable expenses

• periodic expenses

• fixed expenses

• discretionary expenses

Up and Up, Equate, True Goodness, and Private Selection are all examples of:

• name brands

• generic brands

• marketable brands

• rebranded brands

_____ is an app that can save additional money by you earning “cash back” through purchasing certain products. When you have earned $20.00 you can make a withdrawal and receive a gift card.

• Honey

• Coupon Cabin

• Retail Me Not

• Ibotta

Which is the account number on the above check?

• 101

• 74894934

• 6793868122

• 0101

Which is the routing number on the above check?

• 101

• 74894934

• 6793868122

• 0101

How much should you tip at a restaurant?

• 0-5%

• 5-10%

• 10-15%

• 15-20%

Which the following is a “good” credit score?

• 580-669

• 670-739

• 740-799

• 800-850