Budgeting Answers
0 verified answers1 views
1
Free Preview
Which is an example of an income deduction?
A
an unexpected salary cutB
wages lost due to illnessC
vacation budgetD
retirement savings2
Free Preview
When should fixed and variable monthly budgeted expenses first be planned?
A
at the end of each monthB
day by day during the monthC
at the start of each monthD
at least twice per month3
This pie chart shows a sample weekly budget.
A
$70B
$75C
$10D
$354
When a person invests income, he or she
A
spends no money in the short term and saves it all for the long term.B
uses money in a way that will increase its value in the future.C
spends income only on essential needs such as housing.D
cuts out all discretionary spending for a set period to save money.5
To change gross income, someone would need to
A
save more per month.B
reduce deductions.C
earn more money.D
increase withholdings.6
In order to stay on track for long term financial goals, money for emergency spending should be taken first from your
A
savings account.B
discretionary money.C
fixed expense money.D
net income.7
When creating a budget, log fixed expenses
A
before income.B
after income.C
after savings.D
at the top.8
actualpotentiallikely
A
actualB
potentialC
likely9
Look at this monthly budget.Monthly Budget
A
Add to fixed expenses.B
Decrease food expenses.C
Reduce rent payments.D
Increase total income.10
Why is net income lower than gross income?
A
fixed spendingB
budgetsC
withholdingsD
discretionary spendingDid you find these answers helpful?
Verified answers available
TRY EDGENUITY HACKS
- Auto Complete Exams
- Auto Complete Assignments
- Skip Videos Instantly
50,000+ students using this