

Understanding Money Management Concepts
Flashcard
•
Other
•
9th Grade
•
Practice Problem
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
A store sells a jacket for $80. If the sales tax rate is 7%, what is the total cost of the jacket including tax?
Back
$85.60
2.
FLASHCARD QUESTION
Front
If you have a bank statement showing a balance of $500, and you deposit $150 and withdraw $75, what will be your new balance?
Back
$575
3.
FLASHCARD QUESTION
Front
Which of the following best describes the difference between a credit and a debit in banking terms?
Back
Credit increases your account balance, while debit decreases it.
4.
FLASHCARD QUESTION
Front
If your gross pay is $2000 and your deductions total $500, what is your net pay?
Back
$1,500
5.
FLASHCARD QUESTION
Front
You buy items costing 45.75, 22.50, and 10.25. If you pay with a 100 bill, how much change should you receive?
Back
$21.50
6.
FLASHCARD QUESTION
Front
If you budget 200 for groceries each month and you spend 150, how much do you have left for the month?
Back
$50
7.
FLASHCARD QUESTION
Front
A product costs $120 before tax. If the sales tax rate is 5%, what is the total price after tax?
Back
$126
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