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Manage Your Money

Total questions: 10

Worksheet time: 20mins

Name
Class
Date
1.

What is a 'WAGE' ?

a)

The amount of money you pay your boss.

b)

How much you will be paid for your service.

c)

A required deduction from your paycheck.

2.

What is 'FULL TIME' work?

a)

40 hours

b)

20 hours

c)

62 hours

3.

What is your 'GROSS PAY'?

a)

Amount you earn AFTER deductions

b)

Amount you earn BEFORE deductions

c)

Total deductions from your paycheck.

4.

How do you calculate 'NET PAY'.

a)

Deductions

- Gross Pay

Net Pay

b)

Gross Pay

-Total Pay

Net Pay

c)

Gross Pay

-deductions

Net Pay

5.

If Ben's GROSS pay is $520 and his DEDUCTIONS are $45,

What is his NET PAY?

a)

$520

-$45

$475

b)

$520

+$45

$565

6.

What is a BUDGET?

a)

a plan to help you find a job

b)

a plan to help you practice your soft skills

c)

a plan to help you manage your income and expenses

7.

What is INCOME?

a)

money you earn

b)

money you spend

c)

money you are given as a gift

8.

What is a BANK?

a)

a place to eat dinner

b)

a place to keep your money safe

c)

a lot of sand at the beach

9.

What is your 'CHECK REGISTER'?

a)

a place you record checks that you have written and deposited

b)

a place where you ask for gifts

10.

What are 'ANTICIPATED EXPENSES'?

a)

monthly bills you plan for in your budget

b)

emergency bills that you must pay

c)

money you expect to earn each month