How did you do? You answered [WLQuiz_Total_Correct_Answers name=Budgeting Bootcamp map Q1: Check Your Understanding: Whats Comin id=22] out of [WLQuiz_Total_Questions name=Budgeting Bootcamp map Q1: Check Your Understanding: Whats Comin id=22] questions correctly. See the correct answers to each question below:

1) What are the two sides to a budgeting equation?
Correct Answer: Money coming in (your income) and money going out (your expenses).

2) Which of these should be subtracted from your gross monthly income to calculate take-home pay?
Correct Answer: Federal, state and local taxes

3) How can you manage your income if it is irregular, from freelance work or self-employment?
Correct Answer: Deposit all checks into a savings account, then pay yourself a paycheck from that savings account each month or every two weeks.

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