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WorksheetsBudgeting
Total questions: 35
Worksheet time: 22mins
You go to Starbucks and buy two double mochas for you and a friend. The bill comes to $7.53. How much change do you get back from a $10 bill?
$2.49
247 cents
$3.43
$ 2.47
If you get a loan , what do you have to pay ?
Interest
Money
Tax
Bills
What is the most important bill you have to take care of ?
House
Entertainment
Car
None Of The Above
What is an emergency fund?
A savings account set aside for unexpected situations.
A way to invest for retirement.
Something most people don't need, because emergencies are rare.
An investment account that can grow over time.
wants=survival
wants=other things
The amount of income left after taxes and other deductions are taken out.
Gross Pay
Surplus
Deficit
Net Pay
What does it mean to "bounce" a check?
If you drop a check on the ground it pops back up to you.
It's when you hand a check to a friend and they don't accept it
When a check gets returned because of no funds
When you roll the check up into a ball and throw it against the wall and comes back to you.
According to a rule of thumb, rent shouldn't take up more than ___ % of your take-home pay.
7-12%
10-15%
15-20%
25-30%
A 18oz box of cereal costs $4.99. How would you calculate the unit price?
18oz / $4.99
9 oz / $2.50
$4.99 / 18oz
(18oz) x ($4.99)
How does the 50/30/20 rule of thumb for budgeting allocate your income?
50% Needs, 30% Wants, 20% Savings & Debt Repayment
50% Wants, 30% Needs, 20% Savings & Debt Repayment
50% Savings & Debt Repayment, 30% Wants, 20% Needs
50% Needs, 30% Savings & Debt Repayment, 20% Wants
Net income is:
the total amount of money you earn
the amount of money you receive after deductions are subtracted from your gross income
the amount of money that is taken away in the form of taxes
the hourly rate of pay
A deduction is
gross income
money added to your income
net income
money taken out of your income
