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WorksheetsPaychecks and Budgeting Review
Total questions: 28
Worksheet time: 20mins
Fixed or variable expense: Groceries
Fixed
Variable
Fixed or variable expense: Rent?
Fixed
Variable
Which of the following is not considered income?
A paycheck
A gift of money
An allowance
Interest paid on a loan
Daycare can be very expensive! My friend pays $972 every month for her daughter.
This is considered a
Fixed Expense
Variable Expense
Discretionary Expense
Income
If an expense can be removed from your budget to save money, it is considered a ______.
Income
Want
Need
Savings
If an expense can NOT be removed from your budget to save money, it is considered a _____.
Income
Want
Need
Savings
A _________ is safer place to keep your money than at home under your mattress.
grocery store
Want
Inflation
Bank
Which of the following is an example of a need for most people?
A place to live
A nice car
Designer jeans
Which of the following is an example of a want for most people?
A warm jacket
Transportation
Ice cream
A good money manager creates a _____________ to help keep track of expenses
budget
gross
values
Your _____________ is the amount of money that you make each pay period.
income
expense
inflation
Your ____________ is the amount of money that you spend each pay period.
expenses
income
inflation
A _________ is a plan of how a person will spend his or her income.
salary
total
expense
budget
total income before payroll tax and deductions are taken out
gross income
deposit
automatic payment
net income
income left after taxes, what you earn after taxes and deductions are taken out
net income
check
tax
withdrawal
Annually stands for...
Everyday
Every week
Every month
Every year
Salary is payment
for an hour of work
for a day of work
for a year of work
for a month of work
Which is an example of a wage?
$130,000 per year
$12 per hour
$150 per week
$87.57
Piecework is payment per
piece
hour
day
year
