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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.

Multiple Choice Questions

1. How is a real hourly wage figured?
(a) Divide real hours worked by work expenses.
(b) Divide real hours worked by real pay.
(c) Divide real pay by actual hours worked.
(d) Divide real pay by real hours worked.

2. The charts shown in the book for single people and couples are meant to be used how?
(a) As tax records.
(b) As a family budget.
(c) As inspiration.
(d) As strict guides.

3. Most Americans divide their discretionary time equally between what two activities?
(a) Eating and drinking.
(b) Working and spending.
(c) Leisure and retirement.
(d) Family and friends.

4. What should be included in the "miscellaneous" category?
(a) Nothing.
(b) Items purchased less than once a month.
(c) Items under $10.
(d) Gazingus pins.

5. What does the amount spent divided by real hourly wage equal?
(a) Total allowable expenses.
(b) Net worth.
(c) The real amount of life energy spent.
(d) Money saved at the end of the month.

Short Answer Questions

1. Under which category does money paid to employ servants and service workers fall?

2. On average, what do Americans have less of than ever before?

3. Some people reach the top of their profession and make good money, yet are still not what?

4. What is the state of having enough to spend in order to purchase just enough?

5. What is an important aspect of the second half of Step 2?

(see the answer key)

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