Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Budgeting Quiz 10 (30 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Usually, the first step in the production of the master budget is the:
2. Clearly written financial goals are known by the acronym
3. A worksheet listing your assets, liabilities, and net worth is called a(n) .....
4. Most short-term goals are based on activities over the next
5. A strategy for handling one's finances to ensure the greatest future benefit.
6. Taxes vary from state to state and city to city. To make it easier to factor an estimated required annual salary, figure an average of ..... % is withheld from your paycheck.
7. The 3 different types of expenses include all EXCEPT the following.
8. A clearly written financial goal would be:
9. Which of the following is considered a liability?
10. What should be considered when setting a budget?
11. An amount of something left over when requirements have been met; an excess of production or supply over demand.
12. Eating out is a:
13. Insurance system that provides benefits to most Americans who are retired, sick, or too disabled to work, and to families of workers who have passed.
14. Money earned through employment and investments
15. Your budget should include
16. This many people in The United States live in poverty.
17. Which of the following would most likely be a long-term goal?
18. According to the following tax bracket, which category would you fall in if you made $ 72, 000?$ 0-$ 10, 000-2%$ 10, 000-$ 50, 000-15%$ 50, 000-$ 70, 000-20%$ 70, 000-$ 105, 000-35%
19. ..... is the amount earned before any taxes or deductions are taken out.
20. Contract specifying the tenant's and landlord's legal rights and responsibilities.
21. Expenses that do not change from month to month. Example:rent
22. Ben earns $ 26 per hour working as a web designer. If he works 40 hours a week, how much does he earn per week?
23. Which of the following will help to create discretionary income?
24. Something that is nice to have but not necessary is a
25. The budgeting system that requires budget holders to justify the money that they wish to spend is known as:
26. There are ..... classification for the functions of budget.
27. When it comes to managing money, success is about ..... % head knowledge and ..... % behavior.
28. A record of income and spending for managing money
29. Which one of these expenses most likely represents a VARIABLE (changes) cost in someone's budget?
30. Which of these statements about budgeting is correct:
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books