Managing Money Tutorial

Managing Money Tutorial

12th Grade

10 Qs

quiz-placeholder

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Managing Money Tutorial

Managing Money Tutorial

Assessment

Quiz

Professional Development

12th Grade

Practice Problem

Easy

Created by

Jaan Ansari

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the context of financial constraints, families might have to make ______.

Luxurious purchases

No sacrifices

Possible choices or sacrifices

Unlimited spending

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the benefit of using a spending diary for a few weeks?

Understanding spending patterns

Increasing income

Reducing taxes

Planning vacations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the benefit of being good at saving money?

To spend more on non-essentials

To ensure financial security

To avoid budgeting

To increase spending.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'Minimum wage' refer to?

The lowest wage permitted by law.

A tax levied by the government directly on income.

Money received, especially on a regular basis, for work or through investments.

A system of compulsory payments to provide state assistance.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is 'Overtime'?

Work done in addition to regular working hours.

The lowest wage permitted by law.

A tax levied by the government directly on income.

Money received, especially on a regular basis, for work or through investments.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

PAYE stands for Pay As You Earn and is a method by which employers take away deductions before you are paid. True or False?

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A form of long-term investment to be used in retirement is called ______.

Salary

Pension

Income

Overtime

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