WorksheetsMoney Matters Ch2 Review
Total questions: 10
Worksheet time: 5mins
Taxes and withholdings impact your _____________________, which is the amount of money you take home on your paycheck
Net Income
Gross Income
Income Tax
Expenses
The cost of groceries and gas is considered a(n) _________________.
Fixed Expense
Variable Expense
Intermittent Expense
Discretionary
To budget with a(n) ____________________, prioritize expenses from most to least important so your most important expenses are covered first.
Irregular Income
Fixed Income
A(n) _____________________ needs to be evaluated in light of your other expenses for the month
Discretionary Expense
Fixed Expense
Net Income
Gross Income
A(n) _______________ expense stays the same from month to month.
Fixed
Discretionary
Intermittent
Variable
A(n) ___________________ should account for fixed, variable, intermittent, and discretionary expenses based on income.
Zero-based budget
Income
Variable budget
Match definition to correct term:
Money earned
income
opportunity cost
risk
personal finance
budget
This is how much a person earns for every hour worked
net pay
gross pay
hourly pay
salary
Amount of money you make
Shift
Degree
Salary
Veteran
I feel prepared to create a zero-based budget.
Completely Agree
Somewhat Agree
Somewhat Disagree
Completely Disagree
