tax and budget

What is the final balance in this checking account?

Tags

CCSS.7.NS.A.3

Which of these is an example of a fixed expense?

• Groceries

• Rent/Mortgage

• Electric Bill

• Movie Tickets

Which of the following is NOT a variable expense?

• Heating Bill

• Electric Bill

• Gasoline For Your Car

• Netflix Bill

Which of the following are considered wants?

• Medicine

• The Newest iPhone

• A Coach Purse

• New Timberland Boots

• Healthy Food

Which of the following are considered taxes?

• Medicare

• Local/City Taxes

• State Taxes

• Social Security

• Sales Tax

True or False: The amount you spend on variable expenses each month does not change.

• True

• False

Which is an example of a fixed expense?

• Cell Phone
• Utility bill
• Groceries
• Gasoline

Expenses that stay the same every month are _________ expenses. Rent would be an example.

• fixed

• not necessary

• variable

• flexible

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

The mortgage payment and the car payment are examples of which of the following?

• variable expenses

• income

• budgeting

• fixed expenses

Money that your earn is called a(n)____.

• expense

• income

• debit

• credit

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.5.10

CCSS.RI.8.4

CCSS.RI.9-10.4