Budgeting Question Preview (ID: 11244)


Identify Types Of Income And Expenses. TEACHERS: click here for quick copy question ID numbers.

What is the term for the money you have coming in and going out?
a) Cash flow
b) Budget
c) Income
d) Expense

A plan for spending your money during a given period of time is a_____.
a) Budget
b) Goal
c) Expense
d) P.Y.F.

What does the M in SMART goals stand for?
a) Measurable
b) Materials
c) Money
d) Motivation

Which of the following influences financial decisions?
a) All choices
b) Opinions of family and friends
c) Values
d) Mood

Savings $20 a week for 6 months to buy new shoes is what type of goal?
a) Intermediate-term
b) None of the choices
c) Long-term
d) Short-term

What's a W-4 for?
a) To calculate your tax deductions
b) To determine your spending plan
c) To determine your expenses
d) To determine your gross income

What is the term for the difference in what you earn and what you get in your check?
a) Net income
b) Deductions
c) Gross Income
d) Taxes

Which of the following is an example of a fixed expense?
a) All choices
b) Car loan
c) Mortgage
d) Rent

Which of the following is an example of a variable expense?
a) Groceries
b) Rent
c) Auto repair bill
d) Auto insurance

Which of the following is an example of a periodic expense?
a) Auto insurance
b) Rent
c) Eating out
d) Movies

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