Which of these costs would be the MOST difficult to adjust if you were looking to reduce
your expenses?
Budgeting
Quiz
•
Mathematics
•
12th Grade
•
Medium
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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