Budgeting

Budgeting

12th Grade

28 Qs

quiz-placeholder

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Budgeting

Budgeting

Assessment

Quiz

Mathematics

12th Grade

Medium

Created by

Arlen Mabia

Used 10+ times

FREE Resource

28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these costs would be the MOST difficult to adjust if you were looking to reduce

your expenses?

Dining out at local restaurants

Loan payment on a new car

Expenses for new clothes

Postponing a purchase for a big-screen TV

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You earn a salary of $40,000 per year and decide to save 20% of your gross pay. You set a

goal of creating a $16,000 emergency fund. How long will it take for you to achieve your

goal?

6 months

1 year

2 years

3 years

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you are trying to substantially reduce the amount you spend on food, you should try...

Cooking your own food at home for as many meals as possible

Dining at restaurants more often so you don't waste water doing dishes

Eating more snacks on the go and way fewer meals at home

Drinking more coffee and soda so you are not as hungry for food

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Leila just graduated from college and is comparing a few different cities to move to.

Which of these factors is the LEAST important thing for her to consider right now?

Average rent for an apartment

Food and grocery store options in the area

Employment opportunities

Average cost of Uber, Lyft, or taxi fare

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Greg

is trying to decide whether he needs a car when he moves to the city. Which of the following would be a reason for Greg to get a car rather than use public transportation?

There are several public transportation routes between Greg's apartment and work

The cost of public transportation is less than Greg’s monthly car payment

Greg’s company covers half the cost of his monthly public transportation pass

Using public transportation, Greg’s commute to work one-way is two hours

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which

of these boxes of cereal has the

LOWEST

unit price?

Cereal A, which costs $3.20 for a 16 oz. box

Cereal B, which costs $5.00 for a 32 oz. box

Cereal C, which costs $2.50 for a 10 oz. box

Cereal D, which costs $4.50 for an 8 oz box

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Isaiah

has a summer internship at a technology company and is paid $3,000. After Federaland state taxes, Social Security, and Medicare are deducted, his take-home pay is $2,500.Which of the statements below is correct?

His gross pay is $2,500 and net pay is $3,000

His gross and net pay are $3,000

His gross and net pay are $2,500

His gross pay is $3,000 and net pay is $2,500

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