Question

which of the following situations is an example of net pay?
helene multiplies her hourly wage by her total hours worked then subtracts taxes, deductions, and budgeted needs
chrissy multiplies their hourly wage by their total hours worked and subtracts taxes
timothy multiplies his hourly wage by his total hours worked then subtracts taxes and deductions
brian multiplies his hourly wage by his total hours worked
question 2
2 pts
why is it important to create a budget?
a budget will help you save money and prioritize your spending
a budget is a necessary to qualify for loans and credit cards
a budget will guarantee you have enough money saved for college so you wont need loans
a budget makes filing your taxes faster and simpler
question 3
3 pts
categorize each of the following expenses by choosing between fixed, recurring, non - recurring, or whammy (unexpected expense) from the dropdown for each. your cell phone bill select

Explanation:

• Question 1: Net - pay is the amount an employee takes home after taxes and deductions are subtracted from their gross pay (which is the product of hourly wage and total hours worked). Budgeted needs are not part of the calculation for net - pay. So, multiplying hourly wage by total hours worked and then subtracting taxes and deductions is the correct way to calculate net - pay.
• Question 2: A budget helps in saving money and prioritizing spending. It is not a requirement for loans and credit cards, doesn't guarantee college savings, and has little to do with making tax - filing faster.
• Question 3: A cell phone bill is a recurring expense as it is paid regularly (usually monthly).

Answer:

• Question 1: Timothy multiplies his hourly wage by his total hours worked then subtracts taxes and deductions
• Question 2: A budget will help you save money and prioritize your spending
• Question 3: Recurring