Unit Test

Question 1

In order to stay on track for long term financial goals, money for emergency spending should be taken first from your

Revolt · Accepted Answer

discretionary money.

Question 2

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

Revolt · Accepted Answer

at the start of each month

Question 3

To change gross income, someone would need to

Revolt · Accepted Answer

earn more money.

Question 4

best

Revolt · Accepted Answer

Save more money from net income.

Question 5

[BLANK]

Revolt · Accepted Answer

actual

Question 6

Look at this monthly budget.Monthly Budget

Revolt · Accepted Answer

Decrease food expenses.

Question 7

A short-term financial goal might include saving for

Revolt · Accepted Answer

a piece of furniture.

Question 8

To create a balanced budget, one must make sure to

Revolt · Accepted Answer

spend less than or equal to income.

Question 9

Which is an example of an income deduction?

Revolt · Accepted Answer

retirement savings

Question 10

From what part of income should someone take savings?

Revolt · Accepted Answer

what otherwise would be discretionary income

Unit Test Answers