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1.  What is the definition of the word "budget" in the reading?

2.  For most working people, what accounts for the biggest deduction from their paycheck?

3.  Explain below what information is found on your W-4 and W-2 forms.

4.  What is the difference between a "fixed" and a "variable" expense.  Give and example of each type (not one of the examples in the book.)

5.  Explain what there term "P.Y.F." stands for and give a brief explanation of what it is below.

6.  Demonstrate your knowledge of the Cost/Benefit Analysis process using the following example:  Imagine you are married with two children.  You want to decide if you should buy a season pass to the Alaska Zoo.  This pass costs $55.00.  A single visit costs $7.50 per adult and $5.00 per child without a pass.  Do a simple Cost/Benefit Analysis below.

7.  What are some of the things you need to consider when you are shopping around for the best place to open a checking account?