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1 Income and Expense Vocabulary (Edge)

Total questions: 21

Worksheet time: 14mins

Name
Class
Date
1.

What is money earned from working, received as a gift, from investments, or other sources?

a)
b)
c)
2.

A trip to the movie theater would be considered a what?

a)
b)
c)
3.

What is the money left over after expenses are paid?

a)
b)
c)
4.

What type of expenses change from week to week or month to month?

a)
b)
c)
5.

A chart or table that is used to keep track of the money spent for a week or month is called what?

a)
b)
c)
6.

Weekly grocery payments are what type of expense?

a)
b)
c)
7.

What type of services are gas, water, and electricity?

a)
b)
c)
8.

Money spent on something you need or want is called what?

a)
b)
c)
9.

Food and water are needs.

a)
b)
10.

Which expenses do not change from week to week or month to month?

a)
b)
c)
11.

A birthday gift that someone gives to you is income.

a)
b)
12.

Which of the following are wants?

(You may check more than one.)

a)

Ice cream

b)

Water

c)

Cell phone

d)

Movie

13.

Which of the following is a variable expense?

a)
b)
c)
14.

What should be written on an expense record?

a)
b)
c)
d)
15.

Savings is

a)
b)
c)
16.

Which of the following are fixed expenses?

(You may check more than one.)

a)

Haircut

b)

School loan payment

c)

Rent

d)

Meal from a restaurant

17.

An expense is money spent on

a)
b)
c)
18.

Utilities are services that are needed to make the place we live comfortable.

a)
b)
19.

Which of the following are needs?

(You may check more than one.)

a)

Food and water

b)

Pizza

c)

Beach vacation

d)

Clothes

20.

Write one thing that you want.

4 lines
21.

Write one thing that you need.

4 lines