Financial Literacy Practice

Front

Mrs. Wilcox paid $28.00 for new beakers and clamps for $10.00. The sales tax rate is 6%. How much will Mrs. Wilcox pay in sales tax?

Back

$2.28

Front

What is Angel's net worth? (Add the assets & the liabilities and subtract them from each other).

Options: 106600, 106,600, $106600, $106,600

Back

106600, 106,600, $106600, $106,600

Front

Minda's monthly pay is $3,200. She pays 15% of her monthly income in federal withholding. How much federal withholding does she pay?

Back

$480

Front

Minda's monthly pay is $3,200. She pays 3% of her monthly salary for Medicare. How much does she pay?

Back

$96

Front

Minda's monthly pay is $3,200. Minda pays 6% of her monthly salary for Social Security. How much does she pay?

Back

$192

Front

The Samson family has a monthly income of $4,500.

How much does the Samson family spend on food each month?

Back

$675

Front

The Samson family has a monthly income of $4,500.

How much does the Samson family spend on rent each month?

Back

1485, 1,485, $1485, $1,485

Front

The Samson family is moving to another city that has a higher "cost of living". They estimate their required monthly income will need to be $6200. How much more money will they need to live in the new city? Original cost of living was $4500.

Back

$1700

Front

Mr. Samson gets a raise and the family's monthly income is now $5100. How much more could the Samson family save?

Back

48, $48

Front

Debts that are owed by an individual

Back

liabilities