What does it mean if a person lines paycheck-to-paycheck?
3.5-3.10 Review

Quiz
•
Mathematics
•
12th Grade
•
Medium
Jesse Koenig
Used 3+ times
FREE Resource
26 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They use their entire paycheck to cover monthly expenses and have very little money saved.
Their income varies month-to-month and they save a large portion of their biggest paychecks.
They use direct deposit, so their paycheck is automatically split between their checking and savings accounts.
They have high-paying jobs, so don't have to worry about how much is in each paycheck.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Solve the system by substitution. -5x+y=-3; 3x-8y=24
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Over the last twenty years, how have wages changed compared to the costs of housing, healthcare, and education?
Wages have increased at a slower rate than those costs.
Wages have increased at the same rate as those costs.
Wages have increased at a faster rate than those costs.
Wages have decreased as those costs have increased.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The majority of Americans...
HAve an adequate emergency fund and have enough saved for retirement.
Have an adequate emergency fund but do NOT have enough saved for retirement.
Do NOT have an adequate emergency fund but have enough saved for retirement.
Do NOT have an adequate emergency fund and do NOT have enough save for retirement.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Using the 50/30/20 budgeting plan can help you save money because...
It limits your spending to $50 per month.
It recommends that 20% of your budget goes to debt repayment or savings.
It recommends that 50% of your budget goes to debt repayment or savings.
For every $50 you save, a bank will give you $30 or a credit union will give you $20.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tre just got a part-time job, and his sister recommends he "pay himself first." What is she talking about?
Tre should deposit his check as quickly as possible before taxes can be taken out.
Tre should set aside part of every paycheck for savings before he does any spending.
Tre should spend the money he needs before he lends any to friends or gives to charity.
Tre should start his own business rather than being someone else's employee.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Misty is going to use the 50/30/20 rule in order to save $3000 for her family's next big vacation. Her month income is $2500. How many months will it take her to reach her savings goal?
2.4 months
4 months
5 months
6 months
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