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Finance/ Budgeting Test

Total questions: 25

Worksheet time: 51mins

Name
Class
Date
1.

A financial plan used to determine how much money is spent each month.

a)

check

b)

unexpected expense

c)

budget

d)

savings account

2.

A bank account for money that is used on a daily basis.

a)

credit card

b)

savings account

c)

debit card

d)

checking account

3.

A card that lets you buy things with the promise that you will pay it back to the credit institution or bank with interest.

a)

credit card

b)

check

c)

debit card

d)

check register

4.

An expense that wasn't planned.

a)

expected expense

b)

withdraw

c)

deposit

d)

unexpected expense

5.

A written document that represents an amount of money.

a)

debit card

b)

cash

c)

check

d)

credit card

6.

A bank account where money is stored for use at a later date.

a)

checking account

b)

savings account

c)

credit account

d)

Wal-Mart account

7.

The act of putting money into a specific account.

a)

withdraw

b)

deposit

c)

adding

d)

transferring

8.

A document published by your bank, detailing all the transactions that occurred in your accounts that month.

a)

account statement

b)

account summary

c)

account number

d)

check register

9.

A card that spends like cash and removes funds directly from your checking account.

a)

credit card

b)

check

c)

debit card

d)

cash

10.

The act of removing money from your account.

a)

deposit

b)

removal

c)

transferring

d)

withdraw

11.

A specific number used to identify your bank account.

a)

account statement

b)

account number

c)

check register

d)

account ID

12.

A percentage of the total balance on your credit card that is added to your bill at the end of each month.

a)

interest

b)

intern

c)

immediate funds

d)

in debt

13.

The total amount of money you make BEFORE taxes are taken out.

a)

money

b)

net income

c)

paycheck

d)

gross income

14.

What date are taxes due each year?

a)

April 1

b)

April 13

c)

April 15

d)

April 16

15.

What are the specific set of skills employers look for in employees?

a)

hard skills

b)

people skills

c)

life skills

d)

soft skills

16.

The amount left over once taxes are taken out of your paycheck.

a)

gross income

b)

net income

c)

left overs

d)

not much

17.

What are the eight soft skills or "employability skills?"

(check your spelling, only use commas to separate, and use "and" before the last skill.)

(a)  

18.

What goes on line #1?

a)

your name

b)

name of your pet

c)

who you're writing the check to

d)

your mom

19.

What goes on line #5?

a)

the reason for the check

b)

the amount

c)

the person you're paying

d)

your mom

20.

What goes on line #2?

a)

The amount in number form

b)

The amount in written form

c)

The reason for the check

d)

your mom

21.

Who is Jonathan's employer?

(a)  

22.

What amount per hour does Jonathan get paid for regular hours worked?

(a)  

23.

What is Jonathan's year to date (YTD) earnings?

(a)  

24.

How much did Jonathan pay to social security?

(a)  

25.

What has been your favorite part about this class so far? Why?

4 lines