Reporting Category 4 Supporting TEKS

Which of the following statements describes a FIXED EXPENSE?

• This type of expense always stays the SAME PRICE. It never changes. 

• This type of expense CHANGES depending on NEED or WANT.

Why would a house payment be considered a FIXED expense? 

• A

• B

• C

• D

Which answer choice explains what kind of expenses are most car payments? 

• A

• B

• C

• D

What amount represents Sandy's expenses? 

• $50

• $12.35

• 5

What is the product of 50X5?

• 55

• 125

• 200

• 250

Which answer choice shows the PROFIT?

• F

• G

• J

Is the $5.25 that Marco spent on supplies called  the selling price or the expenses? 

• Selling Price 

• Expenses

What is 28X9?

• 222

• 232

• 252

• 272

What is the profit? 

• $248.25

• $246.25

• $246.75

• $256.75

Which of the following is NOT a purpose of a bank or credit union? 

• A

• B

• C

• D