wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Money Matters Ch2 Review

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Taxes and withholdings impact your _____________________, which is the amount of money you take home on your paycheck

a)

Net Income

b)

Gross Income

c)

Income Tax

d)

Expenses

2.

The cost of groceries and gas is considered a(n) _________________.

a)

Fixed Expense

b)

Variable Expense

c)

Intermittent Expense

d)

Discretionary

3.

To budget with a(n) ____________________, prioritize expenses from most to least important so your most important expenses are covered first.

a)

Irregular Income

b)

Fixed Income

4.

A(n) _____________________ needs to be evaluated in light of your other expenses for the month

a)

Discretionary Expense

b)

Fixed Expense

c)

Net Income

d)

Gross Income

5.

A(n) _______________ expense stays the same from month to month.

a)

Fixed

b)

Discretionary

c)

Intermittent

d)

Variable

6.

A(n) ___________________ should account for fixed, variable, intermittent, and discretionary expenses based on income.

a)

Zero-based budget

b)

Income

c)

Variable budget

7.

Match definition to correct term:


Money earned

a)

income

b)

opportunity cost

c)

risk

d)

personal finance

e)

budget

8.

This is how much a person earns for every hour worked

a)

net pay

b)

gross pay

c)

hourly pay

d)

salary

9.

Amount of money you make

a)

Shift

b)

Degree

c)

Salary

d)

Veteran

10.

I feel prepared to create a zero-based budget.

a)

Completely Agree

b)

Somewhat Agree

c)

Somewhat Disagree

d)

Completely Disagree