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WorksheetsCreating a Budget
Total questions: 12
Worksheet time: 10mins
The first step in creating a budget is
determining how much money you want to spend
determining how much money is available to spend each month
When workers earn money, a portion of their income must be set aside to
(a)
Most times when you for a company or business money often deducted automatically
True
False
What is the maximum percentage of net spendable income that should be set aside for transportation?
15%
25%
30%
20%
What is the maximum percentage of net spendable income that should be set aside for food?
15
13
17
20
What is the minimum net spendable income for food?
12
14
10
17
What is the range for transportation expenses?
(a)
How much should one spend for housing
(a)
Jeff has a net spendable income of $1,450 per month. What is the maximum amount of money Jeff should plan to spend on his transportation budget?
(a)
What is 20% of $1450
(a)
Maureen has renters insurance for her apartment. Maureen's insurance costs $228 per year. How much money should Maureen set aside each month to cover her renters insurance?
(a)
Alex has to pay his car insurance twice a year. Each payment is $312. How much money should Alex budget for his insurance each month?
(a)
