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Financial Literacy Quiz Flashcards | StudBud
Financial Literacy Quiz
1 / 33
Which should you use when creating a budget - your NET PAY or GROSS PAY?
A
Net pay, because it’s what is reported to the government for tax purposes
B
Gross pay, because it’s the total amount you’ve earned that month
C
Gross pay- it’s the total amount you’ve earned minus any bills you owe
D
Net pay, because it’s theamount you’ve earned minus taxes and deductions
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