Goals & Budgeting Test Review

Goals & Budgeting Test Review

40 Qs

quiz-placeholder

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Goals & Budgeting Test Review

Goals & Budgeting Test Review

Assessment

Quiz

others

Hard

Created by

Lindsey Pulverenti

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

James just received his monthly treasure of $700! He spends $250 on his cozy castle (rent and utilities), $100 on feasting (food), and $30 on his trusty steed's upkeep (transportation). How much gold does James have left for his adventures?

$320

$350

$450

$380

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ethan is reviewing his finances and trying to figure out which of his expenses is a liability. Can you help him identify it?

Cell phone

Car

Car loan

Netflix

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine you're a treasure hunter like Arjun, and you've just found a chest of gold coins. Net pay is like the actual amount of gold coins you get to keep after sharing some with your crew. So, what does net pay mean?

total amount of money earned before deductions are taken out.

length of time for which employee's wages are calculated.

actual amount of money received in a paycheck.

total amount of deductions withheld from the paycheck.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Isla and Hannah are planning a day at the salon. Which of the following would be an example of a service they might enjoy?

Hair Dryer

Shampoo

Hair Cut

Extensions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Abigail, David, and Priya are discussing their finances. Which of the following could NOT be called income?

An allowance

A paycheck

Insurance payment

Interest earned on a savings account

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ethan just received his latest savings account statement, revealing a current balance of $1200. Alongside his trusty Honda Civic, valued at $8700, Ethan is pondering his financial standing. However, he still owes the bank $4300 on his car loan. Can you help Ethan figure out his net worth?

$4400

$9900

$5600

$14200

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Kai has a dream to cruise around town in a snazzy used car. To make this dream come true, he plans to put down $2,500. He's already revved up his savings with $1,300. If Kai can turbocharge his savings by $150 each month, how many months will it take him to hit the $2,500 mark? Hint - First step (2500-1300 = how much he still has to save up)

6 months

8 months

10 months

12 months

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