AnswersEA Academy Civics 9Creating a Personal Budget

Creating a Personal Budget Answers

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1
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Study this table, which shows monthly income and different types of income tax. How can this information be used to calculate net pay?

A
Subtract three of the taxes from the monthly gross pay.
B
Subtract all four taxes from the monthly gross pay.
C
Add two of the taxes to the monthly gross pay.
D
Add all four taxes to the monthly gross pay.
2
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Study this table. Which expenses are variable? Chose two correct answers.

A
mortgage
B
food
C
car
D
entertainment
3

Why will all of the books in this line of books fall over? Check all that apply.

A
Each book is too close to the next book.
B
Each book pushes the next book.
C
Each book transfers energy to the next book.
D
Each book pulls the next book.
E
Each book does work on the next book.
4

Budgets are created by calculating

A
debt and income.
B
expenses and savings.
C
income and expenses.
D
wants and needs.
5

Dasha got a new job that pays $40,000 per year. She wants to make a monthly budget. How can Dasha calculate her monthly income?

A
by dividing $40,000 by 12 months
B
by dividing $40,000 by her expenses
C
by subtracting her expenses from $40,000
D
by multiplying $40,000 by 12 months

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