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1.2 50/30/20 Rule

Total questions: 18

Worksheet time: 9mins

Name
Class
Date
1.

According to the 50/30/20 rule, what is 50% (needs) of a monthly income of $5,000?

a)

$2,500

b)

$1,500

c)

$3,000

d)

$2,000

2.

According to the 50/30/20 rule, what is 30% (wants) of a monthly income of $5,000?

a)

$1,500

b)

$1,200

c)

$2,000

d)

$900

3.

According to the 50/30/20 rule, what is 20% (savings) of a monthly income of $5,000?

a)

$1,000

b)

$500

c)

$2,000

d)

$1,500

4.

According to the 50/30/20 rule, what is 50% (needs) of a monthly income of $9,000?

a)

$4,500

b)

$2,000

c)

$3,000

d)

$5,500

5.

According to the 50/30/20 rule, what is 30% (wants) of a monthly income of $9,000?

a)

$2,700

b)

$1,800

c)

$3,500

d)

$900

6.

According to the 50/30/20 rule, what is 20% (savings) of a monthly income of $9,000?

a)

$1,800

b)

$2,400

c)

$900

d)

$3,000

7.

According to the 50/30/20 rule, what is 50% (needs) of a monthly income of $9,400?

a)

$4,700

b)

$2,350

c)

$1,410

d)

$3,200

8.

According to the 50/30/20 rule, what is 30% (wants) of the monthly income if the monthly income is $9,400?

a)

$2,820

b)

$1,410

c)

$3,500

d)

$2,000

9.

According to the 50/30/20 rule, what is 20% (savings) of a monthly income of $9,400?

a)

$1,880

b)

$2,500

c)

$940

d)

$3,200

10.

According to the 50/30/20 rule, what is 50% (needs) of a monthly income of $3,000?

a)

$1,500

b)

$1,000

c)

$2,000

d)

$750

11.

According to the 50/30/20 rule, what is 30% (wants) of a monthly income of $3,000?

a)

$900

b)

$600

c)

$1200

d)

$1500

12.

According to the 50/30/20 rule, what is 20% (savings) of a monthly income of $3,000?

a)

$600

b)

$300

c)

$900

d)

$1200

13.

According to the 50/30/20 rule, what is 50% (needs) of a monthly income of $4,800?

a)

$2,400

b)

$1,200

c)

$3,000

d)

$1,800

14.

According to the 50/30/20 rule, what is 30% (wants) of a monthly income of $4,800?

a)

$1,440

b)

$960

c)

$1,200

d)

$1,800

15.

According to the 50/30/20 rule, what is 20% (savings) of a monthly income of $4,800?

a)

$960

b)

$480

c)

$1200

d)

$600

16.

According to the 50/30/20 rule, what is 50% (needs) of a monthly income of $2,750?

a)

$1,375

b)

$2,000

c)

$1,000

d)

$1,750

17.

According to the 50/30/20 rule, what is 30% (wants) of a monthly income of $2,750?

a)

$825

b)

$550

c)

$1,100

d)

$1,500

18.

According to the 50/30/20 rule, what is 20% (savings) of a monthly income of $2,750?

a)

$550

b)

$200

c)

$750

d)

$100