Budgeting
Flashcard
•
Life Skills
•
9th - 12th Grade
•
Hard
Wayground Content
FREE Resource
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19 questions
Show all answers
1.
FLASHCARD QUESTION
Front
How do wages and salary differ?
Back
Salary describes what you earn on an annual basis.
2.
FLASHCARD QUESTION
Front
Which of the following are TRUE about gross income and net income? They are the same thing, Gross income is the total amount earned AFTER deductions, Gross income is the total amount earned BEFORE deductions, Net income is the total amount earned BEFORE deductions
Back
Gross income is the total amount earned BEFORE deductions
3.
FLASHCARD QUESTION
Front
Which of the following may NOT always appear on your paycheck stub? Gross Pay, Net Pay, Your Role/Title, Local Tax
Back
Your Role/Title
4.
FLASHCARD QUESTION
Front
According to a rule of thumb, rent shouldn't take up more than ___ % of your take-home pay.
Back
25-30%
5.
FLASHCARD QUESTION
Front
Which of the following is a step you can take to mitigate the risk of buying a used car? Get a vehicle history report, Have a mechanic inspect the car after you buy it, Skip the test drive; you have time after you buy it to drive, Buy a more expensive vehicle to ensure quality
Back
Get a vehicle history report
6.
FLASHCARD QUESTION
Front
Which of the following is NOT a cost of owning a car? License and Registration fees, Gasoline, Utilities, Insurance
Back
Utilities
7.
FLASHCARD QUESTION
Front
Which of the following reasons would explain why Justin has decided not to own a car?
Options:
He doesn't have access to public transportation
The walking score in his city is high
Driving would reduce the time it takes to get to work by 30 minutes
There are numerous car dealerships in his area
Back
The walking score in his city is high
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