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WorksheetsPersonal Finance 1
Total questions: 36
Worksheet time: 24mins
Which of the following BEST describes income?
Money received from a parent to pay for ice cream at lunch.
Money spent on a pair of new Nike Shoes.
Money donated to a charity.
Money received for completing your weekly chores.
Which of the following is a benefit of having a personal savings plan?
Personal savings plans let people spend more time doing activities they enjoy.
People who save money are able to spend more money in the future and pay for unexpected expenses.
People who save money are able to spend a lot of money right now.
Personal savings plans help people have an unbalanced budget.
An account attached to a debit card
Checking Account
Savings Account
CD Account
LR Account
A bank account that earns interest and has no card attached.
Checking Account
Savings Account
CD Account
LR Account
A card used to make purchase on credit. “Buy now, pay later.”
Checking Account
Savings Account
Credit Card
LR Account
A set amount of income paid each month
Income
Salary
Hourly Pay
Deposit
A set amount of income determined on how many hours an employee works
Income
Salary
Hourly Pay
Deposit
An additional amount charged to a loan expressed in a percent
Career
Credit Score
Budget
Interest Rate
Something you desire or wish for
a "want"
a "need"
What is income?
The amount you spend
The amount you don't save
Money taken in
What is a budget?
A plan for how money will not be used
A plan for how money will be used
The amount you spend
The amount you save
What is interest?
money paid by other people
money robbed by the bank
money paid regularly by the bank on the account
money paid by the U.S
Which of the following is an expenditure?
allowance from your parents
buying an ice cream at lunch
Selling an old game to a friend
Getting paid for helping your neighbor
Which of the following is an example of income?
Going to the movies
buying an ice cream at lunch
Selling an old game to a friend
Paying your sister to help you with your chores
Donald wants to become a millionaire. What should be included in his plan to become a millionaire?
How much money he spends on suits
How he plans to spend money on himself
The amount of money he plans to donate to charity
His plan for saving money over a long period of time
A plan for how to manage your money is called a ?
income
budget
expense
investment
What is income?
the amount you spent
the amount you don't save
money that you earn
money that spent on expeneses
government
geography
judicial branch
personal finance
What's gross pay?
The total amount of an employee's earnings BEFORE deductions are taken out.
It's when you feel gross because of your paycheck
It;s the total amount of an employee's earnings AFTER all deductions.
What's net pay?
The amount of a paycheck AFTER all deductions are taken out.
The amount of a paycheck BEFORE all deductions are taken out.
The net worth of an individual
What's a deduction?
It's the extra money you receive on your paycheck for working overtime.
The amount of money taken from an employee's gross pay for taxes, insurance, social security and other benefits.
When an employee loses his/her job because they are absent to much,
