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WorksheetsBanzai Post Test Review
Total questions: 25
Worksheet time: 13mins
The best way to create a budget is to ___ your income into categories and plan how much you’ll spend on each.
multiply
divide
add
subtract
A debit card lets you pay with the money in your ___ account.
starter
mutual fund
checking
saving
If you don’t pay your credit card balance off in full each month,
you’ll be charged ___.
interest
full amount
transaction
cents on the dollar
Someone broke into your apartment and stole all of your stuff.
Luckily, you have renter’s insurance.
You request that your insurance pay for the lost items by filing a ___.
promissory note
plan
repayment
claim
A ___is the document that comes with your paycheck and shows you what you were paid and how much was taken for taxes.
paystub
paypal
payfile
payment
When moving to a new rental, you’ll likely need to pay a security deposit.
This is often the first and last month’s ___.
insurance
power bill
mortgage
rent
You got $200 from your grandma for your birthday. The first thing you should do is record it as ___ in your budget.
outcome
income
deposit
withdrawal
A ___ is the name of the document that tells you what you need to pay on your credit card.
statement
answer
options
document
If you go into debt, you’ll need to pay back a minimum amount every month;
you’ll likely pay more than you borrowed due to interest;
and your net worth will be ___ affected.
payments
interest
negatively
positively
You charged $500 to your credit card to buy a new TV and paid it off after 6 months. With interest, you paid back a total of $600. $500 is called the ___ in this situation, and you paid $100 in interest.
interest
deductible
payments
principal
If you decide to rent a place to live, you’ll need to sign a ___.
lease
buy
own
borrow
If you pay off only the amount owed on your credit card each month, but don’t pay it off completely, it’s called making your ___ payment.
total
basic
maximum
minimum
our account statement arrived. You had a balance of -$52.79. After the $307.74 deposit from Roland’s Bookstore, your new account balance is ___.
$254.95
$0.50
$3.75
$987.23
On Jan. 8th, your account was charged $30.00 for an overdraft fee. This happened because you spent ___ than what was in your account.
same
more
less
minimum
Every purchase you made wouldn’t show up on your account statement because some take time to ___.
wake up
dark
about
clear
You are required to make payments on an auto loan once a ___.
date
week
month
year
Your new health insurance has a $4,000 deductible. This means you’ll need to pay ___ on medical expenses each year before your insurance will kick in.
$4,000
$2000
$10,000
$1.00
The difference between net pay and gross pay is gross pay is your total paycheck and net pay is what you take home after ___.
settlement
taxes
answer
options
Your employer withholds money from each ___. This money used to pay for federal and state taxes.
paycheck
statement
deductible
amount
You would budget for your electric and heating bills
in “___”.
Deductibles
Annual
Researching
Utilities
A health insurance ___ is the amount you pay when you visit a doctor.
premium
plan
copay
outpay
There are many costs associated with owning a car. ___, registration, taxes, and inspection are things you’ll have to pay for, but arbitration is not something you’ll need to pay for.
Maintenance
Groceries
Power bill
Water bill
You walk outside only to find that your car has been towed because you were parked illegally. You paid the towing company with a check and took this unexpected expense from the “___” budget.
payments
reserves
meetings
finances
Double-entry accounting is a budgeting method where you record your earnings twice: once to ___ where your money is going and once to decide what it is for.
artificial
options
payment
track
You decide to stop at the ATM and get money out of your account before going to the store. You’re a making a ___.
premium
deposit
withdrawal
deductible
