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Unit 5: Budgets Review

Total questions: 17

Worksheet time: 19mins

Name
Class
Date
1.

Question of the day:

If you could have any animal as a pet (can be totally unrealistic) what would it be?

4 lines
2.

Car payment, car insurance, rent, mobile phone plan are examples of

a)

fixed expenses

b)

variable expenses

c)

periodic expenses

3.

cell phone purchase, electricity, groceries, & car repairs are examples of

a)

fixed expenses

b)

variable expenses

c)

periodic expenses

4.

property taxes, car registration, and excise tax are examples of

a)

fixed expenses

b)

variable expenses

c)

periodic expenses

5.

Blair's gross annual income is $130,000 per year. What is their net annual income?

(a)  

6.

Blair's gross annual income is $130,000 per year. What is their net monthly income?

(a)  

7.

How much can Blair spend on housing expenses? (30% of net monthly)

(a)  

8.

What percent of this person's net monthly income are they paying for rent? [round to the nearest percent]:

Net Monthly = $1500 & Rent = $900

(a)  

9.

What percent of this person's net monthly income are they paying for rent? [round to the nearest percent]:

Net Monthly = $3000 & Rent = $750

(a)  

10.

Blair's net monthly income was $7583.33

What is A?

(a)  

11.

Blair's net monthly income was $7583.33

What is B?

(a)  

12.

Blair's net monthly income was $7583.33

What is C?

(a)  

13.

Blair's net monthly income was $7583.33

What is D?

(a)  

14.

Blair's net monthly income was $7583.33

What is E/H?

(a)  

15.

Blair's net monthly income was $7583.33

What is F?

(a)  

16.

Blair's net monthly income was $7583.33

What is G?

(a)  

17.

If Mary's net monthly income is $3400, she and her find a place to rent for $2750 per month. If they split the rent evenly, will Mary stay within her housing guideline?

a)

Yes

b)

No