A Salary-Based Budget Activity Quiz

What is the main topic of this unit?

• Investment strategies

• Salary-based budget

• Debt management

• Tax planning

Which of the following is not a suggested savings percentage in this unit?

• 5%

• 10%

• 15%

• 25%

Tags

CCSS.6.RP.A.3C

What is the benefit of saving a percentage of your net salary?

• Increases spending power

• Reduces monthly expenses

• Builds financial security

• Decreases net salary

Tags

CCSS.6.RP.A.3C

What should you do with your retirement savings goal as you progress in your career?

• Decrease it

• Keep it the same

• Increase it

• Eliminate it

What is the formula for calculating Total Monthly Savings?

• Total Monthly Savings = Monthly Income - Monthly Expenses

• Total Monthly Savings = Monthly Savings Account + Monthly Retirement

• Total Monthly Savings = Monthly Expenses + Monthly Income

• Total Monthly Savings = Monthly Income - Monthly Retirement

Tags

CCSS.7.EE.B.3

What is the main advice given for those planning to live at home?

• Assume rent is free

• Ask about the rent cost

• Ignore the rent

• Pay rent at the end of the year

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

If you decide to use a car instead of public transportation, what is the cost?

• $0

• $90

• $105

• $120

Tags

CCSS.6.NS.B.3

What is the monthly cost of gasoline if you drive 25 miles per day?

• $90

• $126

• $162

• $200

Tags

CCSS.6.EE.B.7

According to the chart, what is the monthly cost of gasoline for driving 45 miles per day?

• $90

• $126

• $162

• $200

Tags

CCSS.6.RP.A.3B

What is the cost of the Thrifty meal plan for groceries?

• $251

• $260

• $322

• $402

Tags

CCSS.3.OA.D.8