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Money Management Level 1 (Post 16) Flashcards | StudBud

Explore/Money Management Level 1 (Post 16)

Money Management Level 1 (Post 16)

9 terms·StudBud Administration·149 plays

Cover sum of the basics of money Management at Level 1

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Questions 9

Answers

1
Gross Pay is........
the amount of money taken from your wage
the money you get before the deductions
If you are pay for a job in cash only
the money you get after all the deductions
2
Which of these is a form of Pre-Paid card?
Credit Card
Oyster Card
Birthday Card
Contact less bank card
3
Interest in a savings account is......
money you loose for borrow money from the bank
money you get when opening new bank account
something you show in lessons while in college
money you get yearly for keeping your money in the bank
4
Which one of these things is a form of borrowing money?
A bank fine
a Credit card
A bursary
a tax rebate
5
What percentage tax do we pay in the UK?
20%
10%
40%
5%
6
What is the national minimum wage for an 18 year old in the UK in 2017?
£7.50
£4.05
£5.60
£7.05
7
What is expenditure?
All the money you spend
the money you spend on food
All the money you get
the money you get from a job
8
If you worked 4 hours and are 18 how much would you get paid?
£24.60
£200.24
£22.40
£20.20
9
What is income?
Just the money you make from a job
All the money you spend on rent
All the money you spend
All the money you get