Budget Question Preview (ID: 40408)


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money that comes in or is earned
a) income
b) expenses
c) fixed expenses
d) flexible expenses

money that you must pay out
a) income
b) expenses
c) fixed expenses
d) flexible expenses

payments that are always the same
a) income
b) expenses
c) fixed expenses
d) flexible expenses

payout of money than can change
a) income
b) expenses
c) fixed expenses
d) flexible expenses

money that is taken out of a paycheck
a) deductions
b) income
c) expenses
d) fixed expenses

Ed earns $550 a month. What is his yearly pay?
a) 1234
b) 6600
c) 5678
d) 8900

Ed earns $550 a month. His deductions are $150. What is his net pay
a) 123
b) 456
c) 400
d) 789

Ed earns $550 a month. He spends 25% on food. how much does he spend on food?
a) 123.45
b) 456.56
c) 789.01
d) 137.50

Ed earns $550 a month. He spends 5% for his phone. How much does he spend for his phone
a) 27.50
b) 12.34
c) 56.78
d) 90.12

what is principal
a) the interest
b) the main amount borrowed
c) the discount
d) income

what is the charge added to the amount borrowed
a) principal
b) discount
c) interest
d) liability

Tom borrowed 6,500 to buy used car. He must pay 4 percent interest. How much does he owe
a) 7410
b) 5678
c) 6789
d) 6760

a phone is on sale for 10% off. the regular price is $80.00. how much is the phone
a) $72.00
b) $80.00
c) $75.00
d) $70.00

what is the price for only one of a group of tiems
a) sale price
b) unit pricing
c) regular price
d) discount price

chicken noodle soup: three cans for $1.00. what is the unit price?
a) 0.25
b) 0.30
c) 0.33
d) 0.40

what are the important items on a check
a) date and amount
b) signature and purpose
c) amount in numbers and amount in words
d) date, pay to the order of, amount in numbers, amount in words, signature, purpose

Fill out four checks. show your teacher the checks. Use today's date
a) Hobby Castle for 9.93 for model plane
b) Ms. Beamon for $17.54 for the class cookie sale
c) Friendly Fones for $39.00 for a new bedroom phone
d) Towne Outlet Store for $52.30 for school supplies

On a checkbook ledger fill out 4 transactions. Use today's date for all transactions. Your starting balance is $150.00. Show your teacher.
a) write check #101 to Fred's Discount Shop for $8.89
b) write check #102 to Polly's Pizza for $15.42
c) write check #103 to Northfield High School for $17.00
d) void check #104

On a checkbook ledger fill out 4 transactions. Use today's date for all transactions. Your starting balance is $150.00. Show your teacher.
a) Online payment for power bill of $50.00
b) Transfer $20.00 to savings
c) Service Charge of $8.00
d) Withdraw $80.00 from ATM

For a credit card with 17.9% APR, how much would you owe on a balance of $375?
a) $456.78
b) $442.13
c) $432.11
d) $478.90

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