identify the components of a personal budget, including income; planned savings for college, retirement, and emergencies; taxes; and fixed and variable expenses, and calculate what percentage each category comprises of the total budget
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Q 1/3
Score 0
Maria’s monthly income is $2,000. The table displays the different categories in Maria’s monthly budget and the amount of money she spends in each category. Which statement is not supported by the information in the table?
60
Maria puts 15% of her monthly income into savings.
More than 1/4 of Maria’s monthly income is spent on utilities, cable, and groceries.
Maria spends 14% of her monthly income on her cell phone and other expenses.
More than 1/2 of Maria’s monthly income is spent on rent
Q 2/3
Score 0
Felicia earns $800 a month. The table shows her monthly budget. Which statement is supported by the information in the table?
60
Felicia spends 20% of her monthly budget on college savings.
Felicia spends 25% of her monthly budget on her car payment.
Felicia spends 10% of her monthly budget on clothes and food.
Felicia spends 50% of her monthly budget on her car payment and cell phone.
3 questions
Q.
Maria’s monthly income is $2,000. The table displays the different categories in Maria’s monthly budget and the amount of money she spends in each category. Which statement is not supported by the information in the table?
1
60 sec
7.13.B: Personal Financial Literacy
Q.
Felicia earns $800 a month. The table shows her monthly budget. Which statement is supported by the information in the table?
2
60 sec
7.13.B: Personal Financial Literacy
Q.
In Oscar’s monthly budget, each category is assigned a certain percentage of his monthly income. Oscar’s monthly income is $2,250. Which statement is NOT supported by the information in the table?
