Worksheetsstudy
Total questions: 10
Worksheet time: 10mins
Name
Class
Date
1.
What two things does a budget compare?
a)
Income and Expenses
b)
Savings and Interest
c)
Income and Investments
d)
Expenses and Expenditures
2.
Which is an example of a fixed expense?
a)
Cell Phone
b)
Utility bill
c)
Groceries
d)
Gasoline
3.
Which of the following is a true statement about saving receipts?
a)
Saving receipts allows you to keep an accurate record of your spending.
b)
The more receipts you save, the more money you can save.
4.
Variable expenses may not be the same every month.
a)
True
b)
False
5.
Roads, police, schools, governmental agencies, fire and emergency services are funded by taxes.
a)
True
b)
False
6.
Louis's dad pays a tax to the federal government each year based off the money he earns from his business. What type of tax is Louis' dad paying?
a)
Payroll tax
b)
Sales tax
c)
Property tax
d)
Income tax
7.
Your parents pay $3500 in taxes each year based off of the value of your home. Which type of tax is this?
a)
Payroll tax
b)
Property tax
c)
Sales tax
d)
Income tax
8.
Need or want?
Clothing
a)
NEED
b)
WANT
9.
When deciding if you should buy something, what can you ask yourself to determine if the item is a need or want?
4 lines
10.
Why do you think people spend so much money on their wants despite the financial costs?
4 lines
100 %
