Question

write true or false in each blank.

1. people with average or high incomes do not need to budget their money.
2. adjusting a trial budget is often necessary.
3. net pay is pay before deductions have been subtracted.
4. an employee who is paid $6.40 per hour for straight time would make $9.80 per hour for overtime, if he is paid time and a half for overtime.
5. liability insurance is the type of auto insurance that covers the damage a driver does to another car, occupant of the car, or to other property.
6. the pacific time zone is to the east of the central time zone.
7. a circle contains 380 degrees.
8. a protractor is used to measure the number of degrees in an angle.

Explanation:

Step1: Analyze statement 11

Budgeting is useful for all income levels.
People with average or high incomes still need to budget. So, statement 11 is false.

Step2: Analyze statement 12

Life circumstances change.
As life changes (e.g., income, expenses), adjusting a trial budget is often necessary. So, statement 12 is true.

Step3: Analyze statement 13

Net pay is after deductions.
Gross pay is before deductions; net pay is after. So, statement 13 is false.

Step4: Analyze statement 14

Calculate overtime pay.
Straight - time rate \(r = 6.40\). Overtime rate is \(1.5r\). \(1.5\times6.40=9.60
eq9.80\). So, statement 14 is false.

Step5: Analyze statement 15

Understand liability insurance.
Liability insurance covers damage a driver causes to others. So, statement 15 is true.

Step6: Analyze statement 16

Know time - zone positions.
The Pacific Time Zone is to the west of the Central Time Zone. So, statement 16 is false.

Step7: Analyze statement 17

Recall circle degree measure.
A circle contains \(360\) degrees, not \(380\). So, statement 17 is false.

Step8: Analyze statement 18

Understand protractor use.
A protractor is used to measure angles in degrees. So, statement 18 is true.

Answer:

1. False
2. True
3. False
4. False
5. True
6. False
7. False
8. True