
Post-test review
Authored by Beverly Brown
Other, Mathematics
12th Grade
Used 7+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following are sources of income?
Money earned from working a part time or full time job
Interest earned from investments or dividends
Money Earned from online sales or rental property
All of the above
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Going to the movies is an example of what types of expenses?
Intermittent and Variable
Discretionary and Variable
Discretionary and Fixed
Intermittent and Fixed
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You are putting together your first budget after graduating from college. Your take-home or net pay from your job will be $2500 per month. You estimate your monthly costs to be rent of $800, car payment of $350, car insurance of $150, car maintenance of $50, entertainment of $200, food expense of $250, mobile phone of $100, cable bill of $75, college loan of $100, emergency savings of $50, retirement savings of $50, and other expenses of $250. How would you describe your budget after analyzing all of your income and expenses?
You have a deficit of $75
You have a surplus of $75
You have a balanced budget
You have a zero-based budget
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is NOT a free resource used to assist with maintaining a budget?
Financial Advisor
Envelope System
Spreadsheets
Paper and Pencil
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the difference between gross pay and net pay?
Net pay describes your pay after
deductions; gross pay is before
Gross pay describes your pay after
deductions; net pay is before
Gross and net pay are the same thing
None of them
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Dayanara’s gross income was $550. What was her net income if her deductions were $110 for income taxes and $22.50 for health insurance?
$132.50
$638.50
$417.50
$440.00
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Credit card companies make a profit in all of the following ways except …
Charging fees for cash advances, balance transfers, and late payments
Charging stores a fee for accepting credit cards
Charging new cardholder applicants a processing fee transaction
Charging finance charges on any unpaid balances or cash advances
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