Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Budgeting
Test Description: Identify types of income and expenses
Instructions: Answer all questions to get your test result.
1) What is the term for the money you have coming in and going out?
A
Income
B
Cash flow
C
Expense
D
Budget
2) A plan for spending your money during a given period of time is a_____.
A
Expense
B
Budget
C
P.Y.F.
D
Goal
3) What does the M in SMART goals stand for?
A
Motivation
B
Money
C
Measurable
D
Materials
4) Which of the following influences financial decisions?
A
Values
B
Opinions of family and friends
C
Mood
D
All choices
5) Savings $20 a week for 6 months to buy new shoes is what type of goal?
A
None of the choices
B
Intermediate-term
C
Long-term
D
Short-term
6) What's a W-4 for?
A
To determine your expenses
B
To determine your gross income
C
To calculate your tax deductions
D
To determine your spending plan
7) What is the term for the difference in what you earn and what you get in your check?
A
Deductions
B
Gross Income
C
Net income
D
Taxes
8) Which of the following is an example of a fixed expense?
A
Rent
B
Car loan
C
All choices
D
Mortgage
9) Which of the following is an example of a variable expense?
A
Auto insurance
B
Auto repair bill
C
Groceries
D
Rent
10) Which of the following is an example of a periodic expense?
A
Eating out
B
Movies
C
Rent
D
Auto insurance
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?