Budgeting Review Quiz

Quiz
•
Business
•
12th Grade
•
Medium
Adam Brown
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is MOST LIKELY a fixed expense?
dry cleaning bill
mortgage/rent payment
new all-season tires
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is MOST LIKELY a variable expense?
Rent payment
Electric payment
Student loan payment
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following MOST ACCURATELY describes a budget deficit?
the money left over after all expenses are paid
not having enough money to cover expenses
the difference between income and expenses
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the term that refers to money that is left over after you have paid bills and set aside money for savings?
discretionary income
principal
interest
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following describes an effective filing system?
easy to use
logical
easy to access
all of the above
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the recommended minimum percentage of a person’s paycheck that should go into savings?
20%
15%
10%
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following identifies gross income?
money left after all the bills are paid
annual income
wages before withholdings
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