AnswersMO-Personal FinanceCase Study: Personal Financial Planning (continued)

Case Study: Personal Financial Planning (continued) — Unit test Answers

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What is the definition of gross income?

A
amount of income saved per year
B
amount earned before deductions
C
amount of tax deducted from income
D
amount received after deductions
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Which is an example of a financial change that would require budgetary consideration?

A
paying monthly rent
B
purchasing furniture
C
saving a certain amount
D
buying a monthly bus pass

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