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 12