Taxes and withholdings impact your _____________________, which is the amount of money you take home on your paycheck

Money Matters Ch2 Review

Quiz
•
Financial Education
•
9th - 12th Grade
•
Medium

Ginger Prescott
Used 5+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Net Income
Gross Income
Income Tax
Expenses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The cost of groceries and gas is considered a(n) _________________.
Fixed Expense
Variable Expense
Intermittent Expense
Discretionary
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To budget with a(n) ____________________, prioritize expenses from most to least important so your most important expenses are covered first.
Irregular Income
Fixed Income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) _____________________ needs to be evaluated in light of your other expenses for the month
Discretionary Expense
Fixed Expense
Net Income
Gross Income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) _______________ expense stays the same from month to month.
Fixed
Discretionary
Intermittent
Variable
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) ___________________ should account for fixed, variable, intermittent, and discretionary expenses based on income.
Zero-based budget
Income
Variable budget
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Match definition to correct term:
Money earned
income
opportunity cost
risk
personal finance
budget
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