Intro to Budgeting - 8th grade

Quiz
•
Business
•
8th Grade
•
Medium
Jacqueline Wirszyla
Used 7+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. Which of these costs would be the LEAST difficult to adjust if you were looking to reduce your expenses?
Car loan payments
Rent
Basic cell phone service
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. You earn a salary of $120,000 per year and decide to save 20% of your gross pay. You set a goal of creating a $20,000 emergency fund. How long will it take for you to achieve your goal?
10 months
1 year
2 years
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. If you are trying to save money on food, do the following...
Cook your own meals as much as possible
Eat at McDonalds for breakfast and Chik-Fil-A for lunch
Buy more snacks from 7-11 to keep you full.
Drink more coffee and soda so you don't have to eat as much
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7. Asher has a summer internship at a telecommunications company and is paid $5,000. After Federal and state taxes, Social Security, and Medicare are deducted, his take-home pay is $4,400. Which of the statements below is correct?
His gross pay is $4,400 and net pay is $5,000
His gross and net pay are $5,000
His gross and net pay are $4,400
His gross pay is $5,000 and net pay is $4,400
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
8. You just started your first job after college and are creating your budget. Your net pay is $4,500 per month and you estimate that your monthly expenses will be $4,625. Which of the following is TRUE?
You have an extra $125 each month that you can put in your savings account
You can make small loans to friends without worrying about being paid back
Your budget will not be balanced unless you cut some expenses or find a part-time job
Following a budget will be too stressful. Just buy what you want and everything will work out.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You transfer your checking account balance to your savings account and add money as you pay bills
You transfer your saving account balance to your checking account so there is never more $0 every month in savings
Every debt is paid in full each month
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
12. Andrew has gone over his budget by around $200 for the last two months. Which of these options makes the most sense for him to fix his problem?
Cancel all but one subscription and eat at home
Pay just the minimum monthly payment on loans and credit card debt, instead of the extra he's been contributing
Contribute $100 less to savings each month and $100 less to his retirement fund
Sell his Pokemon cards
Create a free account and access millions of resources
Similar Resources on Wayground
14 questions
Chapter 3 Test

Quiz
•
6th - 8th Grade
19 questions
Financial Maths Definitions

Quiz
•
5th - 8th Grade
15 questions
Budgeting Quiz

Quiz
•
8th Grade
19 questions
Budgeting

Quiz
•
8th Grade
10 questions
Earning, Saving, and Spending

Quiz
•
6th - 12th Grade
11 questions
Creating a budget 18.1

Quiz
•
6th - 8th Grade
10 questions
Budgeting Corrections

Quiz
•
8th Grade
10 questions
Budgeting and Saving

Quiz
•
8th - 10th Grade
Popular Resources on Wayground
11 questions
Hallway & Bathroom Expectations

Quiz
•
6th - 8th Grade
20 questions
PBIS-HGMS

Quiz
•
6th - 8th Grade
10 questions
"LAST STOP ON MARKET STREET" Vocabulary Quiz

Quiz
•
3rd Grade
19 questions
Fractions to Decimals and Decimals to Fractions

Quiz
•
6th Grade
16 questions
Logic and Venn Diagrams

Quiz
•
12th Grade
15 questions
Compare and Order Decimals

Quiz
•
4th - 5th Grade
20 questions
Simplifying Fractions

Quiz
•
6th Grade
20 questions
Multiplication facts 1-12

Quiz
•
2nd - 3rd Grade