Budgeting

Question 1

[BLANK]

Revolt · Accepted Answer

actual

Question 2

Which is an example of an income deduction?

Revolt · Accepted Answer

retirement savings

Question 3

Kerry knows that a new car is in her future.Which would be the best strategy to help her accomplish this goal?

Revolt · Accepted Answer

contribute to a savings account

Question 4

Why is net income lower than gross income?

Revolt · Accepted Answer

withholdings

Question 5

When should fixed and variable monthly budgeted expenses first be planned?

Revolt · Accepted Answer

at the start of each month

Question 6

Mindy wants to save money to buy a new couch.Which would be the best strategy for her to accomplish her goal?

Revolt · Accepted Answer

forgo watching movies online or in the theater

Question 7

A short-term financial goal might include saving for

Revolt · Accepted Answer

a piece of furniture.

Question 8

This pie chart shows a sample weekly budget.

Revolt · Accepted Answer

$70

Question 9

Why might variable expenses change a great deal at different times of year?

Revolt · Accepted Answer

Heating and cooling costs might vary considerably.

Question 10

To change gross income, someone would need to

Revolt · Accepted Answer

earn more money.

Budgeting Answers