2-36. Improper use of credit can create a
financial nightmare that can adversely
affect your personal life in which of
the following areas?
1. Your job
2. Your family life
3. Your mental and physical health
4. All of the above
2-37. As suggested by the U.S. Department of
Labor, approximately what percentage
of take-home pay should you budget for
food?
1.
5%
2.
11%
3.
23%
4.
25%
2-38. As suggested by the U.S. Department of
Labor, approximately what percentage
of take home pay should you budget for
housing?
1.
5%
2.
10%
3.
25%
4.
50%
2-39. The total amount of salary before any
deductions is known by which of the
following terms?
1. Gross income
2. Deductions
3. Flexible expenses
4. Allotments
2-40. The amount of money taken from pay for
income tax, social security, and other
reasons is known by which of the
following terms?
1. Gross income
2. Fixed expenses
3. Deductions
4. Net income
2-41.
2-42.
2-43.
2-44.
2-45.
The total amount of money paid to
member after all deductions and
allotments are paid, often called
a
take-home pay, is known by which of
the following terms?
1. Gross income
2. Fixed expenses
3. Flexible expenses
4 . N e t I n c o me
Those sums of money deducted from
gross income to pay debts such as
insurance premiums, debts due the
United States, and family support are
known by which of the following
terms?
1. Net income
2. Allotments
3. Gross income
4. Deductions
Expenses that are the same each month
are known by which of the following
terms?
1. Gross income
2. Fixed expenses
3. Flexible expenses
4. Net income
Expenses that change from month to
month, sometimes called variable
expenses,
are known by which of the
following terms?
1. Flexible expenses
2. Net Income
3. Allotments
4. Gross Income
The services provided by various
Family Service Centers (FSCs) may
vary as a result of which of the
following conditions?
1. Command and community makeup
2. Needs of personnel
3. Both 1 and 2 above
4. Lack of participation by personnel
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