# 1.  A surplus is _____. (1 point)

when you spend more than you have in income
when you spend less than you have in income
when you spend the same amount that you have in income
another word for income
2.  Suppose that your net income for the month is \$2500, and that your total expenses are \$1500.
Which statement is accurate?
(1 point)
You have a surplus of \$1000.
You have a surplus of \$4000.
You have a deficit of \$1000.
You have a deficit of \$1500.
3.  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)
\$1,082.95
\$1,250.95
\$1,154.95
\$930.95
4.  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)
\$682.62
\$640.42
\$0
You have a deficit of \$42.20.

1.a
2.c
3.b
4.d

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1. 1.a - no
2.c - no
3.b - yes
4.d - yes

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Ms. Sue
2. 1.B
2.A

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3. Now they are right.

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Ms. Sue
4. I just took it and it's actually b,a,d,d.

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5. B
A
D
D

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6. b
a
d
d
Was correct :) 100%

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7. B
A
D
D

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8. UUUUUMMM MS. S U E, IT WAS
B,A,D,D u wildin bro

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9. B
A
D
D

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10. October 12, 2020
B
A
D
D
Is still correct

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11. B
A
D
D
Is correct for 2022

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