Test 1 ~ Budgeting

Test 1 ~ Budgeting

12th Grade

15 Qs

quiz-placeholder

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Test 1 ~ Budgeting

Test 1 ~ Budgeting

Assessment

Quiz

Financial Education

12th Grade

Easy

Created by

Julie Lupchinsky

Used 1+ times

FREE Resource

15 questions

Show all answers

1.

DROPDOWN QUESTION

45 sec • 1 pt

(a)   is the amount you earn before taxes and other payroll deductions.

budget
gross income
net income
irregular income

2.

DRAG AND DROP QUESTION

45 sec • 1 pt

The cost of rent or a car payment are examples of (a)   .

budget
discretionary expense
fixed expense
variable expense

3.

DROPDOWN QUESTION

45 sec • 1 pt

Car insurance can be an (a)   ; it can be due at various times of the year.

net income
discretionary expense
variable expense
intermittent expense

4.

DRAG AND DROP QUESTION

45 sec • 1 pt

A(n) (a)   varies in dollar amount from month to month, but it is expected every month. (1 Point)

variable expense

discretionary expense

intermittent expense

commission

5.

DROPDOWN QUESTION

45 sec • 1 pt

A(n) (a)   is an expense you don't really need.

variable expense
discretionary expense
intermittent expense
fixed expense

6.

DRAG AND DROP QUESTION

45 sec • 1 pt

A(n) (a)   should account for fixed, variable, intermittent, and discretionary expenses based on income. (1 Point)

Cash-flow statement

net income

gross income

variable expense

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is NOT a component of a budget?

credit score

income

saving

giving

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