ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Only the money you make at your job
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Money in your savings account
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All money that you receive, including money from your job and gifts like birthday money.
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Only money deposited into your bank account
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Detailed explanation-1: -So, maybe you’ve got an irregular income-meaning you don’t make the same amount of money every paycheck. If that’s you, you aren’t alone. Plenty of people work hourly or commission-based jobs or have side gigs that change up their income every month. But you can-and should-budget every month, irregular income or not.
Detailed explanation-2: -Budget surplus– A situation where money is left over after all obligations have been paid. Budget deficit– A situation where there is not enough money to cover expenses.
Detailed explanation-3: -Gross profit is the money left over after a company’s costs are deducted from its sales. Gross margin is a company’s gross profit divided by its sales and represents the amount earned in profit per dollar of sales. Gross profit is stated as a number, while gross margin is stated as a percentage.
Detailed explanation-4: -Income investing involves building a portfolio using dividend-paying stocks, bonds, real estate, and other assets designed to generate cash on a recurring basis. With income investing, once you buy the asset, there isn’t a whole lot more to do. This is buy-and-hold passive investing at its best.