Multiple Choice
Fill in the Blank
Chart - P. 170
Chart - P. 171-172
Multiple Choice
100

Cliff Alsworth spent $369.75 for utilities in April, $330.90 for utilities in May, and $297.00 for utilities in June. What was Cliff's average monthly expenditure for utilities for those three months?

A. $330.90
B. $332.55
C. $997.65
D. $327.80

What is B. $332.55?
100

Janice Martinelli's insurance costs $1,245 a year. How much should she budget for insurance each month?

What is $103.75?

100

What are Leslie's total monthly living expenses on P. 170?

What is $1,286.30?

100

Which transportation expense was more than the amount budgeted?

What is Gasoline?

100

If Peter Gower paid $650 for rent monthly for an entire year, how much should he budget for rent each month?
A. $108.33
B. $54.17
C. $7,800
D. $650.00

What is D. $650.00?

200

How much should Tabatha Lange budget monthly for insurance that costs $956.89 for the entire year?
A. $79.74
B. $159.48
C. $350.40
D. $956.89

What is A. $79.74

200

Cecelia Nutt's weekly pay is $420; If the state tax rate is 5.4%, how much is deducted for state taxes each week?

What is $22.68?

200

What are her total monthly fixed expenses?

What is $995.00?

200

How much more or less did Oscar and Angela spend for personal expenses than they budgeted?

What is ($125 + $50 + $45 + $60 = $280 budgeted, actual $73.89 + $50.00 + $39.85 + $75.12 = $238.86. They spent less than budgeted by $41.14)?

200

When Sao Welna bundled his phone, Internet, and cable service, his monthly charge went from $145.84 to $99.99. How much will Sao save in a year with this new service compared to his old service?
A. $1,199.88
B. $1,750.08
C. $550.20
D. $$45.85

What is C. $550.20?

300

How much over budget would Jonah Mason be if he spends $650.75 for something that he had budgeted at $485.00?
A. $650.75
B. $165.75
C. $1,135.75
D. $485.00

What is B. $165.75?

300

Bart Rice budgeted $285.75 each month for utilities. His utility bills this month were $130.50 for electric, and $240.50 for gas. How much over budget is he?

What is $85.25?

300

What must Leslie set aside each month for annual expenses?

What is $173.90?

300

Were there any monthly fixed expenses for which Oscar and Angela spent less than the amount budgeted?

What is (Yes, they spent $5.41 less on car registration than budgeted)?

300

Which category is on budget?
Food        Budgeted $180.00     Actual $150.00
Utilities    Budgeted $223.75     Actual $245.85
Entertainment Budgeted $120   Actual $150.00
Rent        Budgeted $585.00     Actual $585.00

What is Rent?
400

If Amelia Townsend spent $5,695 over 3 months, what is her average monthly expenditure?
A. $1,898.33
B. $17,085.00
C. $2,000.00
D. $1,993.06

What is A. $1,898.33?

400

Belinda Weedman's company pays 70% of her health insurance premiums. If she pays $60 a month, what is the total cost of her insurance each month?

What is $200?

400
What is her total monthly expenditure?

What is $2,455.20?

400

Were their transportation expenditures for the month more or less than the amount budgeted?

What is ($4.80 more than budgeted)?

400

Which category is over budget?
Food        Budgeted $180.00     Actual $150.00
Utilities    Budgeted $223.75     Actual $245.85
Entertainment Budgeted $120   Actual $150.00
Rent        Budgeted $585.00     Actual $585.00

What is Utilities and Entertainment?

500

If Thad Reed's average monthly expenditure for 4 months is $2,303.50, what is the total of his expenditures for that period?
A. $575.85
B. $9,214.00
C. $12,545.50
D. $685.75

What is B. $9,214.00?

500

Clarice Sloan is a shift supervisor for Ace Tomato Inc. She is paid monthly with FIT deductions of $102, SIT of 3.2% of gross, and CIT of 1.8% of gross. Her monthly net pay is $3,804.33. WHat is her monthly gross pay?

What is $4,111.93?

500

Is Leslie able to live within her monthly net income of $2,350?

What is no; overspent by $105.20?

500

Were there any entertainment expenses for which Oscar and ANgela spent less than the amount budgeted?

What is (Yes, they spent less on movies than budgeted)?

500

How much more or less was spent on food during June?
Food        Budgeted $180.00     Actual $150.00
Utilities    Budgeted $223.75     Actual $245.85
Entertainment Budgeted $120   Actual $150.00
Rent        Budgeted $585.00     Actual $585.00

A. $30.00 more
B. $30.00 less
C. $29.50 more
D. $29.50 less

What is $29.50 less?