Financial Literacy Review

Front

Zachary downloaded a video program for $47.80 and a photo editing program for $32.50. If the sales tax rate was 6.5%, what will be the amount of the sales tax on Zachary's purchase?

Back

$5.22

Front

Charlie had some work done on his fancy new sports car. The itemized cost list is below.

Orange Flames Paint $465.70

Chrome Pipes $350.80

Shag Carpet $290.00

The sales tax was 8.25%. What was the total cost of the work Charlie had done on his car?

Back

$1,197.79

Front

Brayden and Matilda Gates have a combined annual income of $235,000. How much did they actually earn after they paid income taxes? Use the chart below to determine their tax rate.

Back

$157,450

Front

The table shows Mar's monthly budget. Which statement is supported by the information in the table?

Back

Mar spends 25% of her monthly budget on college savings.

Front

Parker's net worth statement: What is Parker's net worth?

Back

$87,025

Front

Chris's net worth is $985.75. If he pays off a credit card with a balance of $3,250.00, what is his new net worth?

Back

$4,235.75

Front

Minimum annual income required to meet a monthly budget's expenses? Options: $3,600, $300, $86,400, $43,200

Back

$43,200

Front

Ms. Quinones opened a savings account with an initial deposit of $2,600 and will not make any additional deposits or withdrawals. The account earns 3% simple interest. What is the total amount that Ms. Quinones will have in her account at the end of 5 years?

Back

$2,990

Front

Loan amount: $36,750, Interest rate: 5% per year. Calculate interest for one year.

Back

$1,837.50

Front

Addi wants to buy a pet iguana priced at $180. Store A offers 15% off, Store B offers $20 off, Store C offers a 1/10 discount. Which store has the best sale price?

Back

Store A has the best sale price at $153.