Budget
Taxes & Insurance
Home Improvement
Health
100
Who should you pay second when budgeting?

You

100

What is Gross Pay?

The amount paid before any deduction.
100

Which is better insulation: R-28 or R-58?

R-58 which is thicker and more energy efficient.

100

What is a BMI?

Body Mass Index

200
Housing, Food and Auto Expenses should not exceed what percent of your spendable income?

65%

200

What are the 3 must have type of insurance if you own a car and you finance a home?

Health Insurance, Home Insurance and Car Insurance.

200

Calculate the sqft of the roof for a 2 floor colonial of 1600 sqft of living space.

800 ft.

200

How many calories on average should a healthy adult be consuming?

2000 calories

300

As a student, you work a few hours a week and get paid $200 a month. You love those Nike shoes, which cost $250, but you need lab supplies that cost $150. How do you budget for both so you can have them within three months? Which takes a priority?

First month: buy the lab supplies and save the $50 left over.

Next month: buy the Nike shoes.

300

You get paid $47,000 per year and your state taxes is 8.53%. How much is your net after tax monthly pay after $30 federal taxes?

$3552.58 per month.

300

Which pipe is used for gas and which is used for water?

2 inch vs. 5 inch

2 inch is used for gas and 5 inch used for water.

300

What 3 elements do you need in every meal?

Carbohydrates, Proteins and Veggies.

400

You hate your current kitchen, and would love to give it a makeover. The renovations will cost $10,000. You have $1,000 saved for emergencies. Your after-taxes-and-insurance pay is $4,500 a month. Your rent is $2,000 a month. Your utilities and living cost are about $1,000 a month. How many months will it take to save up for the cost of the renovation?

After 8+ months, you can start the renovations.

400

You purchased a life insurance policy for $500,000 which covers for 20 years. The premium since you are a non-smoker is $85 per month first year, $90 per month second year and so on. How much do you pay for year 20 the whole year?

$2,160 for the whole year.

400

How many gallons of water will your bath tub hold if it is 4 ft long by 2 ft wide by 9 in deep?

Here is your formula: (total cubic foot ft/1) x (7.48 gal/1 ft) = answer.

(6 ft / 1) x (7.48/ 1) = 44.88 gal

400

Name 5 healthy proteins (must vary between plant and animal products).

Beef, Chicken, Lentils, Beans, Mushrooms, Pork, Fish.

500

You get paid gross $75,000 annually. Your state and federal taxes are 4% of your monthly pay. Your health insurance is $250 per month. Your mortgage and utilities are $3400. Your groceries are $300 per month. After how many months can you travel to the Maldives knowing plane tickets are $1800 and a hotel will cost $2000 for 10 days?

After 3+ months you are able to book your vacation.

500

You were paid $75,000 annually and on a tax bracket of 22%. You got a promotion and now you are paid $83,000 annually and got on a tax bracket of 24%. How much more do you pay in taxes?

$3,420 more in taxes.

500

If you are painting a bedroom that is 12 ft x 15 ft with 8 ft ceiling, how many sqft of paint you need for the walls and the ceiling?

432 ft2 for the walls + 180 ft2 for the ceiling = 612 ft2

500

Name 2 good source of fats.

Avocado, Tallow/beef/pork/duck, Milk fat or butter, Olive Oil.