Budgeting Unit Review

Which one is the amount of money that a person makes on a yearly basis?

• wage

• gross pay

• net pay

• salary

Which one is the amount of money that a person makes per hour?

• wage

• gross pay

• net pay

• salary

Which one is the amount that a person makes before taxes and deductions?

• wage

• gross pay

• net pay

• salary

Which one is 'take-home pay?'

• wage

• net pay

• gross pay

• salary

Which on e is the amount of money that you make after taxes and deductions are taken out?

• wage

• gross pay

• net pay

• salary

Match the following

• "pay yourself first"

• A person who does short-term work on their own schedule.

• warranty

• Put a fraction of your paycheck into savings before you pay your bills

• a need

• Your life is significantly harder if you don't have it

• gig worker

• A promise that the car company will pay for repairs

Iman drives for Uber. Who pays her taxes, insurance, and retirement?

• Iman pays them

• Uber takes them out of her paycheck.

• Each rider in her car contributes to them.

• The app store that she uses

What is a good thing about having a roommate?

What is a bad thing about having a roommate?

Which are you likely to be required to pay when you move into an apartment?

• first month's rent and security deposit

• homeowner's insurance

• renter's insurance

• rent for the first three months