Budget- Salaries Q3 Exam

Budget- Salaries Q3 Exam

11th Grade

65 Qs

quiz-placeholder

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Budget- Salaries Q3 Exam

Budget- Salaries Q3 Exam

Assessment

Quiz

Mathematics

11th Grade

Easy

CCSS
RI.9-10.4, RI.11-12.5, 3.OA.D.9

+35

Standards-aligned

Created by

Brian Landau

Used 3+ times

FREE Resource

65 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the first step in envelope budgeting according to the video?

Estimating variable expenses

Putting money into savings

Labeling the envelopes

Allocating money towards needs

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How should you handle variable expenses in envelope budgeting?

Allocate the exact amount

Underestimate the amount

Overestimate the amount

Ignore them

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What should you do with leftover money in an envelope after paying a bill?

Leave it in the envelope

Put it into a want or savings

Spend it immediately

Donate it

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a key advantage of envelope budgeting mentioned in the text?

It helps in saving money

It requires no planning

It allows for unlimited spending

It makes you rich instantly

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the recommended percentage of income to put into savings according to the 50-30-20 rule?

10%

20%

30%

50%

Tags

CCSS.6.RP.A.3C

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How does the text suggest handling envelope budgeting with digital money?

Using a spreadsheet

Putting debit cards in envelopes

Ignoring digital money

Using physical cash only

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What should you do if you spend all your allocated fast food money for but still want to eat out?

Ignore the budget

Wait until the next month

Borrow money

Transfer money from another envelope

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