Budgeting
Authored by Pamela Savage
Financial Education
9th - 12th Grade
Used 10+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is an example of an income deduction?
an unexpected salary cut
wages lost due to illness
vacation budget
retirement savings
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What effect would a tax increase have on income?
It would reduce gross income
It would not affect net income.
It would increase net income.
It would not affect gross income.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To change gross income, someone would need to
save more per month.
reduce deductions.
earn more money.
increase withholdings.
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Pay before deductions and taxes.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money you earn BEFORE payroll deductions is _____.
Take home pay
State Taxes
Net Pay
Gross Pay
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What term is used to describe the income of an employee after all deductions are subtracted?
Annual salary
Gross pay
Net pay
Basic pay
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your salary after deductions is called
gross income
FDIC
FICA
Net Income
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