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Budget Quiz for Personal Finance - Yates
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* Indicates required question
What period do you have this class
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Choose
1
2
3
4
5
6
7
8
What is your First and Last name?
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Your answer
Which would be considered a periodic expense?
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Phone Bill
Grocery Bill
Christmas Gifts
Gasoline Expense
Which is not an example of a fixed expense.
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Apartment Rent
Car Payment
Monthly insurance payment
Entertainment Expense
P.Y.F. refers to...
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Periodic Expenses
Fixed Expense
Savings
Income
If you earned $1,000 from your job but had $250 taken out in taxes you end up $750. This $750 is known as...
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Net Income
Gross Income
Federal and State Taxes
Budget Income
If you work 50 hours how many hours are overtime?
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5
10
20
None
If you earn $20 per hour and work 1 hour of overtime, how much will you be paid for that 1 hour of overtime?
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10
15
20
30
40
50
If I make $500 a month and spend $100 a month on coffee, what percentage of my income am I spending on coffee?
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2%
5%
20%
50%
0.05%
If 25% of my income is taken out for taxes, and I start with $3,000, how much money is taken out for taxes
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$0 - I get paid under the table. I'm da bomb
$75
$250
$750
$2,250
An automobile is
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a liability
an asset
Credit card debt is an example of
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a liability
an asset
Which is not an asset
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A college loan
an iPod
a house
a computer
Which is not a Liability
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a mortgage
credit card debt
a savings account
an IOU to your friend
You are solvent if...
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your assets are greater than your liabilities
your liabilities are greater than you assets
your income is greater than your expenses
your assets are equal to your liabilities
If you have $10,000 in assets and $15,000 in liabilities you are...
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Solvent
Insolvent
To determine your Net Worth you take your...
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Income - Liabilities
Assets - Income
Liabilities - Assets
Assets - Liabilities
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