Personal Income, Expenditure, and Budgets (Grade 10 NSC Matric Mathematical Literacy): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is personal income?
What is personal income?
Money you receive or comes into possession
What is the key difference between a salary and a wage?
What is the key difference between a salary and a wage?
Salary is fixed monthly/yearly; wage is hourly
What is the main difference between a bursary and a study loan?
What is the main difference between a bursary and a study loan?
Bursary doesn't need repayment; loan must be
Which income type is a monthly rental income from property?
Which income type is a monthly rental income from property?
Fixed income
What is commission?
What is commission?
Extra money for additional services agreed
Which of these is a variable expense?
Which of these is a variable expense?
Grocery shopping
Which is an example of occasional income?
Which is an example of occasional income?
Birthday gifts
What is a budget?
What is a budget?
A plan to balance expenditure with income
Which expense stays the same each month regardless of usage?
Which expense stays the same each month regardless of usage?
Fixed expense
What is debt?
What is debt?
Money owed when expenditure exceeds income