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Percents
Vocabulary
50/30/20
100

What is 65% of $130?

$84.50

100

What is an example of a "fixed expense"?

A fixed expense is something that will cost the same amount each month.

100

In a 50/30/20 budget, what is the 30% category?

wants

200

What is 7% of $540?

$37.80

200

What does "discretionary spending" mean?

wants (non-essentials)

200

If someone follows the 50/30/20, will they have a surplus? 


Yes or no

Yes!

300
Ms. Anker bought a pair of shoes on sale. The price was $85, but she only paid $68. What percent was the discount?

20%

300

Give an example of an "essential living cost"

Housing

Food

Transportation

Healthcare

300

Give an example of a "variable expense".

Food

Gas

Clothing

Fun

400

Mr. Zumstein bought some school supplies on sale. The price was $18, but he only paid $12.60. What percent was the discount?

30%

400

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

400

Impulse purchases should be classified under what category: needs, wants, or savings?

wants