# CTA Version

## Final Test

### Question 7-1

#### Please help Carrie to decide which of the following items are fixed expenses and which are flexible expenses and drag them to their corresponding categories:1. Lightening Gas & Electric \$132.002. Tony's Tacos \$31.553. SaveDriving Auto Insurance \$75.004. 24 Hour Fitness Gym  \$80.00 5. The Movie House \$40.006. City Apartment Rent \$900.007. Rolling Bowling \$40.008. Hometown Grocery Mart \$201.489. Verizon Mobile Plan \$81.00

• 1. Lightening Gas & Electric
• 2. Tony's Tacos
• 3. SaveDriving Auto Insurance
• 4. 24 Hour Fitness Gym
• 5. The Movie House
• 6. City Apartment Rent
• 7. Rolling Bowling
• 8. Hometown Grocery Mart
• 9. Verizon Mobile Plan

### Question 7-2

Question 2: Help Carrie create her monthly budget form.Calculate Carries net income and put it into the corresponding blank:

Carrie works 40 hours per week at a retail company and she’ll be earning a gross income of \$3893/month. She has to pay 20% of her gross income in taxes, so Carrie’s monthly net income is \$ .

### Question 7-3

#### Question 3: Help Carrie create her monthly budget form.Figure out Carrie's living and transportation expenses and drag them to the corresponding places in her budget form

• Renter's Insurance
• Car Insurance
• Gas/Electric
• Internet/Cable
• Verizon
• Gasoline

### Question 7-4

Help Carrie create her monthly budget form.

Question 4: After all the items being categorized, Carrie's final budget form looks like this (Table 1)

Her monthly balance is \$.

Does Carrie spend more or less than she earn? Carrie spends than she earn.

Table 1. Carrie's Monthly Budget Table