WorksheetsVOCAB ch 2 Quiz- Ramsey
Total questions: 13
Worksheet time: 8mins
Taxes and withholdings impact your , ________ which is the amount of money you take home on your paycheck.
budget
net income
insurance
gross income
The cost of groceries and gas is considered a(n)
variable expense
discretionary expense
intermittent expense
fixed expense
To budget with a(n) ______, prioritize expenses from most to least important so your most important expenses are covered first.
steady income
irregular income
discretionary expense
calculator
The cost of insurance, car payment, or rent is considered a(n)
variable expense
discretionary expense
intermittent expense
fixed expense
Expenses that are nonessential, and are wants more than needs are considered a(n)
variable expense
discretionary expense
intermittent expense
fixed expense
A(n)___________ should account for fixed, variable, intermittent, and discretionary expenses based on income.
healthy budget
commission statement
Gross income
zero-based budget
The amount of money you make before any deductions
Gross income
net income
commission
budget
What’s it called when you make money on the percentage of the total sales you make?
Budget
Tips
Commission
Net income
The cost of doctor visits, car registration, tires and oil changes are considered a(n) _____ because they don't happen every month
variable expense
discretionary expense
intermittent expense
fixed expense
A record that summarizes all of the income and spending over a certain time period
budget
cash flow statement
income
zero-based budget
A budget always begins with (a) , the money you earn.
A written plan for giving, saving and spending.
(a)
EXTRA CREDIT How many years has Ms. Perez been teaching? (including this year)
(a)
