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PFR 2.2 Budgeting Basics

Authored by Sarah Bowerman

Business

11th Grade

Used 3+ times

PFR 2.2 Budgeting Basics
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9 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of income?

Money spent on necessities

Money received for work, as a gift, or through investments

Money saved for future use

Money given to charity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a fixed expense?

Groceries

Rent

Electricity bill

Eating out at restaurants

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the type of expense: A subscription service that charges the same amount monthly.

Variable Expense

Fixed Expense

Intermittent Expense

Discretionary Expense

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Emma has a babysitting job and receives $160 monthly. She plans to give 10% to charity. How much will she give?

$10

$16

$20

$25

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Emma wants to save for a car and plans to save 100 each month, how many months will it take her to save 1,200?

10 months

12 months

14 months

15 months

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a discretionary expense?

Rent

Groceries

Dining out

Car insurance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Emma's budget includes $20 for clothes and $20 for food. If she spends $25 on clothes, what should she do to stay within her budget?

Spend $5 less on food

Increase her budget

Ignore the overspending

Spend $5 more on food

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