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Worksheets

Budgeting

Total questions: 9

Worksheet time: 5mins

Name
Class
Date
1.

Which of the following is generally the most expensive category in a person’s budget?

a)

Healthcare

b)

Clothing

c)

Transportation

d)

Housing

2.

Sundries are things like:

a)

Shampoo, deodorant, toilet paper, cleaning supplies, etc.

b)

Flowers, plants, seeds, etc

c)

Granola bars, tofu, organic vegetables, etc.

d)

None of the above

3.

As a rule of thumb, every family should save at least _____ months’ income in case of emergency.

a)

Two

b)

Three

c)

Four

d)

Six

4.

The amount of money you take home is called your

a)

Net Pay

b)

Gross Pay

c)

Total Pay

d)

Available Pay

5.

Taxes vary from state to state and city to city. To make it easier to factor an estimated required annual salary, figure an average of _____% is withheld from your paycheck.

a)

10

b)

15

c)

20

d)

25

6.

The amount of money you make is called:

a)

Taxes

b)

Net Pay

c)

Gross Pay

d)

Available Pat

7.

This many people in The United States live in poverty.

a)

40.2 Million People

b)

45.3 Million People

c)

43.5 Million People

d)

46.7 Million People

8.

____ Percent of children live in poverty in The United States?

a)

19.9%

b)

21.8%

c)

22.4%

d)

23.2%

9.

In budgeting which number should always be the largest?

a)

Gross Income

b)

Net Income

c)

Taxes

d)

Disposable Income