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Monthly Budget Quiz Flashcards | StudBud

Explore/Monthly Budget Quiz

Monthly Budget Quiz

12 terms·StudBud Administration·411 plays

Financial Literacy

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Questions 12

Answers

1
How do you get income?
gross income
taxes are federal and state
none of the above
Assigned an occupation with yearly salary
2
What is a living expense?
all of the above
house
clothes
food
3
What is an educational loan?
none of the above
Borrowed money
Borrowed money with interest
Free money
4
What is transportation cost?
bus
metro link
taxi
all of the above
5
What is gross income?
income after taxes
income
none of the above
income before taxes
6
How do you balance the budget?
pay bills last
none of the above
spend anyway you want
common sense spending
7
What is expense?
income
none of the above
money being spent
check incoming
8
What is a monthly personal spreadsheet?
none of the above
expenses
income minus expenses
net income
9
What do all formulae begin with in Excel?
=
-
+
/
10
What is income?
money received for labor
labor
expense
none of the above
11
What is net income?
income with taxes
income without taxes
none of the above
taxes
12
What are two income taxes?
federal and state
net income
none of the above
gross income