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Personal Budget - Revision Quiz 1
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Previewing
Personal Budget - Revision Quiz 1
Question 2 of 10Sally earns $ 74,340 annually. She has budgeted 25% of her salary for rent. How much does Sally expect to pay in rent for 1 month?
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Personal Budget - Revision Quiz 1
Question 3 of 10Tong is in year 11 and lives at home with his parents. He has a part-time job and earns $180 per week. He spends $120 per month on clothes, $42 per fortnight on entertainment and $80 per fortnight on on-line computer lessons. Tong wants to buy a car in 2 years. How much will he have available to spend?
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Personal Budget - Revision Quiz 1
Question 4 of 10Peter's net earnings are $780 per week. He pays $120 per week for board. Each week, he spends $105 for food, $75 on entertainment and $80 on running his car. How much can he save per month?
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Personal Budget - Revision Quiz 1
Question 5 of 10Clare is a full-time student. She receives an allowance from the government of $408.50 per fortnight and earns $120 per week in a part-time job. Her board is $340 per month and her other expenses are: $90 food per week, $105 per quarter for her phone, $60 per week for entertainment and $210 per year for her books. How much can Clare save per year?
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Personal Budget - Revision Quiz 1
Question 6 of 10Balance the following fortnightly budget
$$
\begin{array}{|l|l|l|l|}
\hline \text { Income } & &\text { Expenses }& \\
\hline \text { Wage } & \$ 3247.18 & \text { Loan Repayment } & \$ 1890 \\
\hline \text { Tutoring } & \$ 100 & \text { Groceries } & \$ 380.21 \\
\hline \text { Shares } & \$ 28.56 & \text { Fuel } & \$ 156.56 \\
\hline & & \text { Insurance } & \$ 32.40 \\
\hline & & \text { Internet/Phone } & \$ 58 \\
\hline & & \text { Entertainment } & \$ 245.90 \\
\hline & & \text { Power } & \$ 43.82 \\
\hline & & \text { Rates/Water } & \$ 125.78 \\
\hline & & \text { Car Maintenance } & \$ 157.97 \\
\hline & & & \ \\
\hline & & \text { Balance } & \ \\
\hline \\
\hline \text { Total } &\ &\text{Total} & \ \\
\hline
\end{array}
$$AnswerYou must be logged in to see the answer.You must be logged in to see the worked solutions.You must have an active subscription to access course content
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Personal Budget - Revision Quiz 1
Question 7 of 10Tom wants to save \(\$10,400\) for an end of year trip. He earns \(\$1240\) net a week and has the following weekly expenses: meals \(\$60\), rent \(\$440\), groceries \(\$48\), fares \(\$39\), entertainment \(\$50\) and bills \(\$75\).
i) Calculate the amount Tom has left for saving each week.
ii) Calculate the amount Tom has left at the end of the year after paying for his trip.
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Personal Budget - Revision Quiz 1
Question 8 of 10Simon has a net weekly income of $800. His board is $760 per month, car expenses of $80 per week food $260 per week and other expenses of $140 per week. How much can Simon save per month?
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Personal Budget - Revision Quiz 1
Question 9 of 10Alan earns $82,480 annually. He has budgeted 30% of his salary for rent. How much rent would he be expected to pay for 1 month?
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Personal Budget - Revision Quiz 1
Question 10 of 10Anthea has budgeted $180 per week for groceries, $60 per week for leisure, $28 per fortnight for medical expenses and $84 per week for car running costs. Her monthly expenses are?
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