Vocabulary
Give an example of a living expense.
Rent, Food, Medical Bills, Insurance.
Cecelia Nutt's weekly pay is $420. If the state tax rate is 5.4% how much is deducted for state taxes each week?
$22.68
Janice Martinelli's insurance costs $1,245 a year. How much should she budget for insurance each month?
$103.75
How do you write half as a percent?
50%
What is the name of the firefighter dog in Paw Patrol?
Marshall
Define Expenditures
An item that you spend money on, like rent or a subscription.
What is the difference between Net Income and Gross Income?
Gross income is what you make before taxes and other withholdings. Net is the amount you take home from each paycheck.
Bart Rice budgeted $285.75 each month for utilities. His utility bills this month were $130.50 for electricity and $240.50 for gas. How much over budget is he?
$85.25
What is 70% of $200?
$140
How many degrees are there all together in a triangle?
180 degrees
What is a fixed expense?
A cost that stays the same from month to month like a car loan or mortgage.
Using the table provided, how much is withheld from Norris Houston's wages of $505 if no allowances are claimed?
$61
What is one way to save money when creating a budget?
Share subscription services, eat out less, eliminate entertainment costs, find free food on campus, etc.
Madison gets 35 out of 50 points on her test. What percentage did she earn?
70%
December 14th
Give an example of being on budget.
You budgeted $8.99 for Netflix each month and the cost comes in at $8.99.
Marcus Hatfield earns an annual salary of $43,500 working for a natural history museum. He is single and his exemptions total $2,000. He pays $954.50 in state taxes each year. What is the tax rate for his state?
2.3%
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?
$200
What is 98% of 856
838.88
What do you call two L's?
Parallel (Pair of L's)
What vocabulary word describes when you budget $290 for groceries and spend $310 on groceries.
Over-budget.
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 income, and CIT of 1.8% of gross income. He monthly net pay is $3,804.33. What is her monthly gross pay?
$4,111.93
For 6 consecutive months, Tyrone maintained a record of what he spent on food and groceries. He spent $302 the first month, $287 each for the next two months,$297 for the next month, $292 for the next month, and $287 for the last month. Based on this how much should Tyrone budget monthly for food and groceries?
$292
A student had 85% correct out of 60 questions. How many answers were correct?
51
What country started the tradition of jack-o-lanterns?
Ireland