Budgeting

Flashcard
•
Life Skills
•
9th - 12th Grade
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
How do wages and salary differ?
Back
Salary describes what you earn on an annual basis.
2.
FLASHCARD QUESTION
Front
Which of the following are TRUE about gross income and net income? They are the same thing, Gross income is the total amount earned AFTER deductions, Gross income is the total amount earned BEFORE deductions, Net income is the total amount earned BEFORE deductions
Back
Gross income is the total amount earned BEFORE deductions
3.
FLASHCARD QUESTION
Front
Which of the following may NOT always appear on your paycheck stub? Gross Pay, Net Pay, Your Role/Title, Local Tax
Back
Your Role/Title
4.
FLASHCARD QUESTION
Front
It's common to have all of the following expenses BEFORE signing a lease EXCEPT... Renter's Insurance, Application fee, Application deposit, Apartment hunting expenses
Back
Renter's Insurance
5.
FLASHCARD QUESTION
Front
Which of the following might you pay WHEN you sign your lease? Finder's fee, Application fee, Security deposit, Renter's insurance
Back
Security deposit
6.
FLASHCARD QUESTION
Front
According to a rule of thumb, rent shouldn't take up more than ___ % of your take-home pay.
Back
25-30%
7.
FLASHCARD QUESTION
Front
Which of the following is a step you can take to mitigate the risk of buying a used car? Get a vehicle history report, Have a mechanic inspect the car after you buy it, Skip the test drive; you have time after you buy it to drive, Buy a more expensive vehicle to ensure quality
Back
Get a vehicle history report
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