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WorksheetsPersonal Finance - Budget Review
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
A wage is a set payment amount
a)
True
b)
False
2.
A Salary is a _____________________
a)
hourly pay amount
b)
fixed regular payment
c)
paid bi weekly or monthly.
3.
Salaried employee does not get over time because they have a set amount of pay
a)
True
b)
False
4.
A wage pay job qualifies you for overtime
a)
True
b)
False
5.
Which amount will be paid into the employees account?
a)
Gross Pay
b)
Deductions
c)
Net Pay
d)
Contributions
6.
The amount of gross pay earned when wage is multiplied by hours is the definition of ________________.
a)
Regular pay
b)
Net pay
c)
Overtime Pay
d)
Total pay
7.
You make $14.10 an hour. What is the following calculation an example of?
$14.10 x 20 hours = $282.00
a)
Overtime Pay
b)
Regular Pay
c)
Gross Pay
d)
Salary Pay
8.
What is largest expense that most households spend money on?
a)
Taxes
b)
Housing
c)
Transportation
d)
Food
9.
Which of the following will be a fixed expense? Select all that apply
a)
Rent
b)
Car Payment
c)
Utilities
d)
Gas
10.
Which of the following is a variable expense? Select all that apply
a)
Groceries
b)
Car Payment
c)
Utilities
d)
Gas
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