
Andy's Financial Recap Quiz
Quiz
•
Financial Education
•
7th - 12th Grade
•
Practice Problem
•
Easy
Andy Lee
Used 3+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your expenses is greater than your income, the first thing you should do is...
Reduce your fixed expenses
Reduce your variable expenses
Increase your income
Borrow money
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are SMART goals?
Specific, Measurable, Achievable, Relevant, Time-based
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Paying tax is important because
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
It is important to file a tax return at the end of each financial year because (multiple choice)
You might have paid too much in taxes
You might have paid too little in taxes
You might have deductions you can claim to reduce your taxable income
ATO loves paperwork
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What should you consider when choosing a superfund?
Past performance
'AA' rating
Fees
APRA certified
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Salary sacrificing is when you
Reduce your salary in order to work less hours.
Reduce their working hours but keeping the same salary.
Agree to give up part of your salary in exchange for non-cash benefits
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
When buying and selling on Gumtree, Facebook, etc, what are some steps you can take to avoid being scammed?
Cash in person only.
Avoid sending money online
Never pay for a 'deposit' or 'holding' fee.
Make sure that the money has cleared in your account before handing over the items.
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