28.2 Personal Budgets

The amount of money earned over a period of time is called:

• income

• fixed expense

• variable expense

• budget

An expense that changes from month to month is called:

• income

• fixed expense

• variable expense

• budget

An expense that is the same amount and cannot easily be changed is called:

• income

• fixed expense

• variable expense

• budget

A plan that is used to determine how money will be spent is called:

• income

• fixed expense

• variable expense

• budget

Robert is working on his first budget with fixed and variable expenses. What is the combined percent of his car payment and gas each month?

• 9%

• 13%

• 18%

• $450

Tags

CCSS.6.RP.A.3C

Robert is working on his first budget with fixed and variable expenses. What is the combined percent of all his FIXED expenses each month? (count utilities as a fixed expense)

• 27%

• 55%

• 60%

• 73%

Tags

CCSS.6.RP.A.3C

Robert is working on his first budget with fixed and variable expenses and wants to save 10% of his entire budget of $2500 for retirement. How much money would he be saving each month if he saved 10%?

• $250

• $25

• $10

• None - he won't save anything

Tags

CCSS.6.RP.A.3C

Robert is working on his first budget with fixed and variable expenses. He knows the entire budget should equal 100%. Based on this chart, what percent of his budget will be for entertainment?

• 7%

• 17%

• 27%

• 73%

Tags

CCSS.6.RP.A.3C

Robert is working on his first budget with fixed and variable expenses. He knows the entire budget should equal 100%. Based on this chart, how much money of his budget that totals $2500 will be for entertainment?

• $800

• $100

• $17

• $425

Tags

CCSS.6.RP.A.3C

True or false: a paycheck from a job is a fixed expense.

• true

• false

Tags

CCSS.7.RP.A.2C