
Managing Money Tutorial
Quiz
•
Professional Development
•
12th Grade
•
Practice Problem
•
Easy
Jaan Ansari
Used 1+ times
FREE Resource
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10 questions
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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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