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Budgeting Terms

Authored by Laurie Acosta

Life Skills, Other

9th - 10th Grade

Used 5+ times

Budgeting Terms
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an example of a tax

Late fee

Bounced check fee

Rental payment

Social Security

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an example of a tax?

Medicare

Line of credit

Health Insurance

Retirement account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Taxes are

a source of income

mandatory payments to local, state and federal government

refunds you receive

optional payments made to local, state and federal government

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget is BALANCED when

the amount you earn is equal or less than to the amount you spend.

the amount you spend is equal or less than the amount you earn

the amount you spend is greater than the amount you earn

the amount you save is less than the amount you spend

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A variable expense is

a bill that changes from month to month

a bill that stays the same from month to month

a bill that never changes

a bill that eventually gets paid off

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a variable expense is

Rental payment

Health insurance

Grocery bill

Car loan payment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a fixed expense is

Rental payment

Electric bill

Gasoline bill

Clothing purchases

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