P & E Budgeting fully answered question and
answers
When a person invests income, he or she - (correct answer)uses money in a way that
will increase its value in the future.
When creating a budget, log fixed expenses - (correct answer)after income.
What effect would a tax increase have on income? - (correct answer)It would not affect
gross income.
Why should variable expenses appear below fixed expenses in a budget? - (correct
answer)They should be considered after fixed expenses.
Which of these results in a lower net income? - (correct answer)withholdings
When should monthly budgeted expenses be tracked? - (correct answer)at the start of
each month
An expense that is constant each month is called a expense. - (correct answer)fixed
Short-term financial goals might include - (correct answer)buying movie tickets.
Look at this monthly budget.
What is the simplest change that can be made to the budget to produce more savings
next month? - (correct answer)Add to fixed expenses.
DECREASE FOOD EXPENSES.
Reduce rent payments.
Increase total income.
answers
When a person invests income, he or she - (correct answer)uses money in a way that
will increase its value in the future.
When creating a budget, log fixed expenses - (correct answer)after income.
What effect would a tax increase have on income? - (correct answer)It would not affect
gross income.
Why should variable expenses appear below fixed expenses in a budget? - (correct
answer)They should be considered after fixed expenses.
Which of these results in a lower net income? - (correct answer)withholdings
When should monthly budgeted expenses be tracked? - (correct answer)at the start of
each month
An expense that is constant each month is called a expense. - (correct answer)fixed
Short-term financial goals might include - (correct answer)buying movie tickets.
Look at this monthly budget.
What is the simplest change that can be made to the budget to produce more savings
next month? - (correct answer)Add to fixed expenses.
DECREASE FOOD EXPENSES.
Reduce rent payments.
Increase total income.
