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.1 n '1 it: i\" K I answer on the line. ' the letter of tha Choose the best answer for each of the Vollnwlng questions. Write ' ' ' ' ' '7 - ' tments 1. \\Vhich one IS not an example 0! a ICL 011' C, Earned Interest on mves a. Sales d. Security b. Income of an outlay? 2. \"'hicli onc- is not an example C. Income 3. Operating expenses at. Interest on debt b. Employee pay 3' What does surplus mean? c. Amount of money owed to lenders over at a. Net income is negative time b. Net income is posmve d. Money that you have Spent c. Amount of money owed to lenders over time s d. Money that you have spent 4. What does decit mean? a. Net income is negative b. Net income is positive 5. In 2013 you owned a business and had outlays that totaled $1650. The following year you determine the outlays will increase by 8.7%. What can you expect the cost of your outlays to be in 2014? a. $14355 c. $1793.55 b. $143.55 d. $30855 6. Suppose you had a gross income of $42,910. Your annual expenses are $15,234 for rent, $857 per month for food and household expenses, and $1384 for interest on credit cards, $7582 for entertainment, travel, and other expenses. Do you have a decit or surplus, and for how much? a. Surplus of $8426 c. Surplus of $17853 b. Decit of $8426 d. Decit of $17853 7. The national debt at the end of 201 7 was $20.57 trillion. The population of the US was 325.5 million. If the debt were d1v1ded evenly among all the people, how much would each person owe? 8. The US. government is estimated to collect $3.21 trillion in reven ' ues and s . . . its 2017 budget. Do they have a decit or a surplus? How much? pend a total Of $3.65 tnlhon 1n 9. How much of the 3 2 nillion , g . . . . ' in revenues from 1nd1v1dual income tax in dollars? Was collected