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January 2026

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To have a balanced budget, you must _____. (1 point) Responses have your gross pay equal your spending have your gross pay equal your spending have your net income equal your spending have your net income equal your spen...
Asked by Name 1 answer
When you spend more than you make, you have a(n) _____. (1 point) Responses deficit deficit surplus surplus overage overage gain
Asked by Name 1 answer
Your gross pay is $1,678.96, net income is $996.34, and fixed expenses are $1,038.54. What is your discretionary income? (1 point) Responses $682.62 $682.62 $640.42 $640.42 $0 $0 You have a deficit of $42.20.
Asked by Name 1 answer
How much are your fixed expenses for the month? Monthly Expenses Mortgage $897.00/month Clothing $96.00/month Food—restaurants $56.00/week Telephone $33.95/month (1 point) Responses $1,082.95 $1,082.95 $1,250.95 $1,250.9...
Asked by Name 1 answer
Suppose that your net income for the month is $2500, and that your total expenses are $1500. Which statement is accurate? (1 point) Responses You have a surplus of $1000. You have a surplus of $1000. You have a surplus o...
Asked by Name 1 answer
A surplus is _____. (1 point) Responses when you spend more than you have in income when you spend more than you have in income when you spend less than you have in income when you spend less than you have in income when...
Asked by Name 1 answer
Suppose that you work at the Peacock Blue store for 40 hours over five days at a rate of $9.25/hour. You then quit your job. Deductions are FICA (7.65%), federal withholding (12%), and state withholding (8%). Your expens...
Asked by Name 1 answer
3 of 43 of 4 Items Question You have the following expenses: clothes—$98.95, utilities—$234.98, rent—$875.34, and groceries—$103.98. Which expenses are discretionary? (1 point) Responses clothes clothes clothes and groce...
Asked by Name 1 answer
Deductions from your pay such as FICA, federal withholding, and state withholding are _____. (1 point) Responses voluntary and fixed voluntary and fixed involuntary and fixed involuntary and fixed voluntary and discretio...
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To calculate discretionary money, you ____. (1 point) Responses calculate the difference between your gross pay and net income calculate the difference between your gross pay and net income calculate the difference betwe...
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Rewrite professional Please let us know when is know when the payments are needed and we will pay them promptly.
Asked by Truffle 1 answer
Rewrite professional We had a blast last year and are happy to be serving your city for a second consecutive year and are highly interested in participating in the following upcoming events:
Asked by Truffle 1 answer
Write. A professional letter stating that happy new year . As we prepare to service your city this year with out food food truck we would like to let know that are highly interested in servicing the following upcoming ev...
Asked by Truffle 1 answer
Write. A professional letter stating that happy new year . As we prepare to service your city this year with out food food truck we would like to let know that are highly interested in servicing the following upcoming ev...
Asked by Truffle 1 answer
Question If you have 15% withheld for federal taxes, 10% for state taxes, and FICA is a 7.65%, how much are your involuntary withholdings in all if your gross pay is $1,575.00 and your net income is $925.00? (1 point) Re...
Asked by Name 1 answer
You receive your pay stub and your gross pay is $1,200.00 and your net income is $836.00. How much FICA is withheld at 7.65%? (1 point) Responses $364.00 $364.00 $27.85 $27.85 $91.80 $91.80 $63.95
Asked by Name 1 answer
An example of a voluntary deduction is _____. (1 point) Responses federal tax withholding federal tax withholding state tax withholding state tax withholding charitable contributions charitable contributions worker’s com...
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FICA is a(n) _____. (1 point) Responses voluntary deduction based on a percentage of net income voluntary deduction based on a percentage of net income involuntary deduction based on a percentage of gross pay involuntary...
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You work 40 hours/week for 50 weeks and are given the option to be paid hourly or to go on salary. In which situation will you earn the most? (1 point) Responses $30,000/year $30,000/year $15.00/hour $15.00/hour $30,000/...
Asked by Name 1 answer
You work 40 hours/week for 52 weeks and are given the option to be paid hourly or to go on salary. In which situation will you earn the most? (1 point) Responses $30,000/year $30,000/year $15.00/hour $15.00/hour $30,000/...
Asked by Name 1 answer
Voluntary deductions include ____. (1 point) Responses health insurance premiums health insurance premiums federal tax withholdings federal tax withholdings state tax withholdings state tax withholdings Social Security w...
Asked by Name 1 answer
Salaried employees are _____. (1 point) Responses paid at an hourly rate for 40 hours/week paid at an hourly rate for 40 hours/week paid a set amount for a set number of work hours paid a set amount for a set number of w...
Asked by Name 1 answer
If you place $2,000.00 in a savings account with an interest rate of 4.5%/month versus an account with a rate of 3.75%/month, how much more interest could you earn in that month using the first account? (1 point) Respons...
Asked by Name 1 answer
If you place $1,000.00 in a savings account with an interest rate of 5.25%/month, how much should you earn in interest at the end of the month? (1 point) Responses $5.25 $5.25 $52.50 $52.50 $525.00 $525.00 $0.53
Asked by Name 1 answer
You have the following expenses. What should your estimated monthly expenses be? Expense Type Cost Mortgage (monthly) $1,045.87 Groceries (bi-weekly) $165.00 Telephone (monthly) $62.48 Car Payment (monthly) $328.79 (1 po...
Asked by Name 1 answer