Percents
What is 65% of $130?
$84.50
What is it called when you spend less than you make?
A surplus
In a 50/30/20 budget, what is the 30% category?
wants
What is 7% of $540?
$37.80
When you spend more money than you make, you have a budget _____________
deficit
If someone follows the 50/30/20, how much will they be saving?
20% of their net income
150 is what percent of 600?
25%
What is a spending plan based on a person or family's income and expenses?
a budget
Give an example of a "variable expense".
Food
Gas
Clothing
Fun
Julie bought a pair of shoes on sale. The price was $85, but she only paid $68. What percent was the discount?
20%
What is the pay you get before taxes called?
Gross Pay
Give an example of a "fixed expense".
Rent
Car payment
Tuition
Retirement savings
Big Lou bought some school supplies on sale. The price was $18, but he only paid $12.60. What percent was the discount?
30%
What is the term for the money you pay to cover possible damage to an apartment?
security deposit
Impulse purchases should be classified under what category: needs, wants, or savings?
wants