Finance and Income Quiz

Money that comes from outside sources, such as a job or career

• salary

• budget

• income

• Not any of the answers are correct

A plan on how to spend and save money

• savings

• salary

• expenses

• budget

Setting money aside to use in the future

• wage

• budget

• salary

• saving

A fixed amount of income

• budget

• saving

• expenses

• salary

An hourly rate paid in exchange for labor

• wage

• salary

• income

• saving

Basic needs that a household must pay for

• saving

• expenses

• wage

• budget

Basic needs does NOT include which of the following?

• housing

• vacation

• utilities

• food

What are some aspects of a detailed budget?

• Savings

• Income

• All of the answers are correct

• Expenses

Where does the money come from for a household to survive on a monthly basis?

• income

• savings

• expenses

• emergencies

A budget is helpful because income is

• Money

• Plentiful

• Limited

• Work