Surprise! How to Deal with Unexpected Financial Events

What is the hourly rate for the job at the Juice Bar?

• $15/Hr

• $18/Hr

• $20/Hr

• $22/Hr

Fill in the blank: The job mentioned in the Gross Pay table is at a _____.

• Coffee Shop

• Juice Bar

• Bakery

• Restaurant

Fill in the blank: If the hourly rate is $18 and the hours worked are 80, the gross pay is _____.

• $1200

• $1440

• $1600

• $1800

What is the formula to calculate gross pay?

• Hourly Rate x Hours Worked

• Hourly Rate + Hours Worked

• Hourly Rate - Hours Worked

• Hourly Rate / Hours Worked

Fill in the blank: If the hourly rate is increased to $20, the new gross pay for 80 hours would be _____.

• $1600

• $1440

• $1800

• $2000

Which of the following best describes 'Expense'?

• A) Money saved for future use.

• B) Money spent on goods and services.

• C) An estimate of income and expenditure.

• D) The total amount of money earned.

What does 'Income' refer to?

• Money spent on goods and services.

• An estimate of income and expenditure.

• The total amount of money earned.

• A plan for saving money.

Fill in the blank: 'An _______ is necessary to manage spending and saving effectively.'

• Budget

• Income

• Expense

• Saving

What is the primary purpose of a 'Budget'?

• To track expenses only.

• To estimate income and expenditure.

• To calculate savings.

• To determine income.

Which of the following is NOT a definition of 'Expense'?

• Money spent on goods and services.

• An estimate of income and expenditure.

• The total amount of money earned.

• A plan for saving money.