Percents
What is 65% of $130?
$84.50
What is an example of a "fixed expense"?
A fixed expense is something that will cost the same amount each month.
In a 50/30/20 budget, what is the 30% category?
wants
What is 7% of $540?
$37.80
What does "gross" mean?
before taxes
If someone follows the 50/30/20, how much will they be saving?
20% of their net income
20%
What is the term for the money you pay to cover possible damage to an apartment?
security deposit
Give an example of a "variable expense".
Food
Gas
Clothing
Fun
Mr. Zumstein bought some school supplies on sale. The price was $18, but he only paid $12.60. What percent was the discount?
30%
What's the difference between a surplus and a deficit?
A surplus is when you spend less than you make
A deficit is when you spend more than you make
Impulse purchases should be classified under what category: needs, wants, or savings?
wants