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WorksheetsUtilities and Leasing
Total questions: 21
Worksheet time: 48mins
What is the purpose of budget billing with utility providers?
Pay a different amount each month
Minimize fluctuations in monthly bills
Increase monthly utility expenses
Track utility expenses over time
What is the purpose of budget billing with utility providers?
Pay a different amount each month
Minimize fluctuations in monthly bills
Increase monthly utility expenses
Track utility expenses over time
What is the main advantage of selecting a budget plan with a utility service provider?
It provides an approximate estimate of monthly expenses
It minimizes the variation in monthly utility usage
It increases the size of monthly bills
It allows customers to pay the same amount of money each month
What is the responsibility of the owner regarding repairs in a rental property?
Arrange with professionals for repairs
Increase monthly utility expenses
Minimize fluctuations in monthly bills
Pay for appliance repairs
What is the purpose of a damage deposit and the monthly 'pet rent' charges for tenants?
Minimize fluctuations in monthly bills
Cover the cost of furniture and small appliances
Allow tenants to have pets
Increase monthly utility expenses
What is the purpose of an emergency fund for homeowners?
Minimize fluctuations in monthly bills
Increase monthly utility expenses
Plan for unexpected expenses like repairs
Eliminate the need for budget billing
NSF stands for
non-satisfactory financing
not saving fully
non-sufficient funds
non-surplus funds
Save money to use in the future
Budget
Expense
Income
Savings
Which of the following is not a basic need?
food
utilities
vacations
housing
Disposable income
Income after all deductions have been paid
Income before all deductions have been paid
I don't know! Leave me alone!
Income remaining after paying all expenses.
Income tax
Federal, state, and local taxes deducted from a person's or business's income
An occupation that allows for advancement opportunities
Anything for which you may incur an expense.
Income after taxes
The Cooper family's monthly budget is $4000. How much do they spend on housing?
$2500
$1250
$1000
$250
If a family has a monthly budget of $5000 and wants to spend exactly 30% of their budget on housing, in which city will they choose to live?
Austin
Houston
Dallas
San Antonio
The pie chart shows Haley's monthly budget. What percentage of her budget is for housing?
18%
28%
13%
8%
Which of the following statements is supported by the data in the chart? (Total = $2500)
Housing, transportation, and entertainment make up 50% of the monthly family budget.
Savings are less than 10% of the monthly family budget.
Food and utilities make up more than 50% of the monthly family budget.
Food accounts for 1/4 of the monthly family budget.
Wants
Necessary items for life that are paid monthly/annually, such as food, housing, transportation, utilities, insurance
Expenses that equal all fixed and variable expenses added together
Things or items a person would like to own or buy that are not necessary for life; e.g., entertainment, video games, etc.
Income from all possible sources
Needs
Necessary items that are paid for monthly/annually, such as food, housing, transportation, utilities, and insurance.
Things you would like to have but are not necessary for life.
Income from all sources that is spent on necessary items.
Anything you might incur an expense for.
A ___________ deposit refers to the money held to cover possible damages in an apartment.
Cleaning
Security
Telephone
Utilities
The agreement between a tenant and a landlord is:
Security deposit
Mortgage
Lease
Deed
What is the capital of France?
Berlin
Madrid
Paris
Rome
A landlord can refuse to rent you an apartment if which of the following statements is true?
You are married.
You are of Irish descent.
You have a cat and a dog.
You are Buddhist.
