Credit/Budget quiz

How long should you keep your tax records

3 years

Which of the following is not a source of income

Alimony

How many years do you have to work in order to achieve Social security benefits

At least 10 years

Which of the following would be considered a fixed expense

Car payments

Which of the following may be used as a budgeting plan

Family budgeting night

Which of the following is not a tax credit

Federal taxes on possessions

To prepare a budget you should

Gather your financial paperwork, calculate your income, create a list of monthly expenses, determine fixed and variable expenses, total your monthly income and expenses, and make adjustments to expenses

Which loans should you pay off first

Pay own debts based on interest rate

Social security covers all of the following except

Workers with too few social security credits

Gross income is

the total amount of income from wages before any payroll deductions