Accounting & Finance Cumulative Assessment

A(n) __________ stays relatively the same month to month.

• fixed expense

• intermittent expense

• discretionary expense

• variable expense

Taxes and withholdings impact your ________, which is the amount of money your take home on your payceck

• Net Income

• Gross Income

• Variable Income

• Irregular Income

According to the Conscious spending plan what percent of your spending should be allocated for long-term investments?

• 10%

• 50-60%

• 30%

• 20%

Besides Income, what is the best tool to generate wealth?

• Investments

• Savings

• Loans

• Credit Cards

What will tracking expenses help you do?

• stick withing budget guidelines

• catch errors

• Make adjustments

• all of these

Someone making $70,000 per year, makes approximately how much per hour?

• $40

• $35

• $70

• $25

bank machine you use to make transactions without going into the bank

• ATM

• TYPEWRITER

• COIN COUNTER

• BANK TELLER

money the bank pays you for saving your money there

• INTEREST
• LOAN
• CREDIT
• SERVICE FEE

Most common type of bank account that pays interest.

• SAVINGS

• CHECKING

• INTEREST

• MORTGAGE

An outstanding check is

• a very large check that you earned for working extra hours

• A check that you have written that does not yet appear on your bank statement

• A large check from your employer

• A deposit that is on your register but not on your statement