Multiple Choice Questions

Heating and cooling costs might vary considerably.
  • From what part of income should someone take savings?
  • Paying for transportation to and from work is an example of
  • When should fixed and variable monthly budgeted expenses first be planned?
  • Why might variable expenses change a great deal at different times of year?
Fixed expenses are required and constant, but variable expenses are more flexible.
  • What is most likely the reason variable expenses should be planned after fixed expenses?
  • When should fixed and variable monthly budgeted expenses first be planned?
  • Why might variable expenses change a great deal at different times of year?
  • Which is the best way to achieve long-term financial goals?
what otherwise would be discretionary income
  • Why might variable expenses change a great deal at different times of year?
  • Paying for transportation to and from work is an example of
  • From what part of income should someone take savings?
  • Which is the best way to achieve long-term financial goals?
actual
  • When creating a budget, you must track both your budgeted expenses and your _____ expenses
  • When should fixed and variable monthly budgeted expenses first be planned?
  • What is most likely the reason variable expenses should be planned after fixed expenses?
  • Why might variable expenses change a great deal at different times of year?
NOT a variable expense or discretionary expense
  • Which is the best way to achieve long-term financial goals?
  • Paying for transportation to and from work is an example of
  • Why might variable expenses change a great deal at different times of year?
  • From what part of income should someone take savings?
earn more money.
  • Why is net income lower than gross income?
  • Which is the best way to achieve long-term financial goals?
  • To change gross income, someone would need to
  • Which is an example of an income deduction?
Save more money from net income.
  • Which is the best way to achieve long-term financial goals?
  • Which is an example of an income deduction?
  • Paying for transportation to and from work is an example of
  • To change gross income, someone would need to
a piece of furniture.
  • What effect would a tax increase have on income?
  • Which is an example of an income deduction?
  • A short-term financial goal might include saving for
  • To change gross income, someone would need to
fixed
  • Which is the best way to achieve long-term financial goals?
  • n expense that is constant each month is called a _____ expense
  • Paying for transportation to and from work is an example of
  • When creating a budget, you must track both your budgeted expenses and your _____ expenses
retirement savings
  • To change gross income, someone would need to
  • Which is an example of an income deduction?
  • Why is net income lower than gross income?
  • Which is the best way to achieve long-term financial goals?
uses money in a way that will increase its value in the future.
  • Why is net income lower than gross income?
  • When a person invests income, he or she
  • In order to stay on track for long term financial goals, money for emergency spending should be taken first from your
  • n expense that is constant each month is called a _____ expense
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Multiple Choice Questions
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