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BTC 28.2

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
A method of planning to get the most from one's money.   Money Manangement  
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A plan for using your income in a way that best suits your wants and needs.   Budget  
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The actual amount of money that you earn or recieve during a given period.   Income  
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The total amount of money that you earned for a specific time.   Gross Pay  
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Amounts that are taken out of your pay before you recieve your next paycheck.   Deductions  
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Take home pay or your gross pay minus deductions.   Net Pay  
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An amount of money used to buy or do something.   Expense  
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Expenses that are regular and are regularly paid.   Fixed Expenses  
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Expenses that change and can be controlled more easily than fixed expenses.   Variable Expenses  
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The difference between your budgeted amount and the actual amount that you spend.   Budget Variance  
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Extra money that can be spent and/or saved.   Surplus  
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Occurs when more money is spent than is earned or recieved.   Deficit  
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Make practical and effective use of.   Utilize  
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As a consequence; for this reason.   Hence  
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Coming between two things in time, place, order, character, etc.   Intermediate  
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Important, serious, or significant.   Major  
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