Review: Income & Expenditures

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Review for test.
Teacher Scott
Quiz by Teacher Scott, updated 7 months ago
Teacher Scott
Created by Teacher Scott over 1 year ago
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Resource summary

Question 1

Question
Another word for job is ______________.
Answer
  • salary
  • occupation
  • expenditure
  • savings

Question 2

Question
Choose the best definition for income.
Answer
  • The money you spend every month.
  • The money you find in your couch.
  • The money you receive for doing a job.
  • The money you donate to people in need.

Question 3

Question
____________ is a type of monthly income.
Answer
  • Salary
  • Celery
  • Savings
  • Expenditure

Question 4

Question
Savings = income - expenses
Answer
  • True
  • False

Question 5

Question
Lisa's Dad has a salary of 10,000 baht. Her mom has a salary of 5,000 baht. What is their household income?
Answer
  • 5,000 baht
  • 15,000 baht
  • 10,000 baht

Question 6

Question
Your a student, but your parents do not give you any money. One honest way you can get extra money is by . . .
Answer
  • selling fruit
  • stealing from other kids
  • giving away candy

Question 7

Question
Patty paid all her expenses this month and has some money left-over. She decides to help some people who need food and clothes. She makes a __________________ to the local Red Cross.
Answer
  • donut
  • occupation
  • donation

Question 8

Question
Which things do students NOT spend money on?
Answer
  • food
  • electricity
  • notebooks
  • candy
  • pencils

Question 9

Question
Which one is NOT an expense?
Answer
  • paying the water
  • paying the phone
  • buying food
  • wages
  • going to the movies

Question 10

Question
If your income is 35,000 baht per month and your expenditure is 50,000 baht per month, you are going to have a large __________.
Answer
  • savings
  • debt
  • wages

Question 11

Question
A record that shows all your income and all your expenses is called a __________________.
Answer
  • statement of expenses
  • statement of income
  • statement of income and expenses
  • statement of wages and income

Question 12

Question
If your monthly income is 55,000 baht and your expenses are 40,000 baht, then you can put the extra money into _________________ or invest it in something that will make you money.
Answer
  • the ground
  • savings
  • the trash

Question 13

Question
Franky only buys things he needs and puts the rest of his money into savings. What is the best word to describe Franky? Franky is [blank_start]_____________[blank_end].
Answer
  • cruel
  • wasteful
  • thrifty
  • nice

Question 14

Question
Which one is NOT an advantage (a positive thing) about having savings?
Answer
  • It teaches you to be thrifty.
  • You have money if there is an emergency.
  • You can quit your job.
  • It helps us plan our expenses

Question 15

Question
Which is NOT a way to save money?
Answer
  • buying expensive things
  • putting money in the bank
  • putting your extra coins in a piggy bank
  • giving money to your mother for safekeeping
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