NEW
Font size
WorksheetsManaging Your Money
Total questions: 15
Worksheet time: 19mins
The main reason most of us work is to…
get out of the house
receive a paycheck
make new friends
buy a new car
Gross pay is:
An amount of money too large to carry
Your paycheck amount before deductions
A really ugly-looking paycheck
Your paycheck amount after deductions
Now let's figure Jose's gross pay. Jose earns $23,010 per year and is paid every two weeks. How much is Jose's gross pay per pay period?
$442.50
$500
$885
$1250
Deductions are:
Items that are taken out of your paycheck
The stub ends of your paycheck
Those times you work for no pay
Any overtime pay you receive
How does your employer figure the total of your deductions?
usually guesses
adds your required and optional deductions
it's a certain percentage of your paycheck
subtracts your taxes from your gross pay
Net pay is:
The taxes that the employer keeps
The amount you take home
The extra money you receive for overtime
Hourly pay rate times hours worked
Paul works in a florist shop. He works 35 hours per week and makes $8.00 per hour. He is paid every two weeks. His deductions total $89 per pay period. What is his net pay per pay period?
$280.00
$191.00
$471.00
$560.00
Susie's gross pay is $1275.00 per month. Her required deductions total $279.42 per month. In addition, she has asked the personnel office to deduct $78.00 per month for health insurance, $17.50 per month for savings, and $27.00 for repayment of her auto loan. What is Susie's net pay per month?
$ 1275.00
$ 873.08
$ 995.50
$ 978.08
Why is it important to develop a monthly budget?
It will help make sure you can pay your bills.
It will help you prioritize spending.
It will help you use your money wisely.
All of the above.
Which of the following is least important when determining your budget?
overtime pay
net pay
anticipated expenses
deductions
Which of the following are important items to include in your anticipated monthly expenses?
rent
utilities
groceries
all of the above
When you receive your paycheck, you should:
cash it and carry the money in your wallet
deposit it in an account from which you can
write checks
put it in a safe place at home until you really
need the money
go shopping
Which of the following should you consider when choosing a bank or financial institution?
friendliness of employees
safety of your money
convenience to your home and work
all of the above
What are some advantages to having
a credit card?
You can buy anything you want right now.
People will think you make a lot of money.
You don’t have to carry large amounts of cash.
You won’t need to follow a budget anymore.
Your net pay is $312.50 every two weeks. If you want to save 10 % of your take home pay, how much should you save from your paycheck?
$11.17
$31.25
$37.27
$25.00
![[CBTC28] - QUẢN LÝ TÀI CHÍNH & ĐIỀU HÀNH CUỘC HỌP](https://cf.quizizz.com/image/image-loader.svg)
