financial math 3/23

Flashcard
•
Mathematics
•
11th Grade
•
Hard
+5
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a Debit Card?
Back
A debit card is a payment card that allows you to withdraw cash from your bank account or make electronic payments directly from your checking account.
2.
FLASHCARD QUESTION
Front
How do you calculate take-home pay?
Back
Take-home pay is calculated by subtracting taxes and other deductions from your gross pay. For example, if Jose's gross pay is $445.00 and deductions are $104.48, his take-home pay is $340.52.
Tags
CCSS.6.NS.B.3
3.
FLASHCARD QUESTION
Front
What is the typical length of a pay period?
Back
A pay period is the duration of time for which an employee's wages are calculated. Common lengths include one week, two weeks, or a month.
Tags
CCSS.5.MD.B.2
4.
FLASHCARD QUESTION
Front
What are some common reasons for absence from work?
Back
Common reasons for absence include personal health issues, family responsibilities, or emergencies, such as taking a child to the dentist.
Tags
CCSS.RL.11-12.2
CCSS.RI.11-12.2
CCSS.RL.9-10.2
CCSS.RI. 9-10.2
CCSS.RL.8.2
5.
FLASHCARD QUESTION
Front
What are discretionary expenses?
Back
Discretionary expenses are non-essential expenses that can be adjusted or eliminated to save money, such as entertainment or luxury items.
6.
FLASHCARD QUESTION
Front
What is the purpose of budgeting?
Back
Budgeting helps individuals plan their finances by tracking income and expenses, ensuring they live within their means and save for future goals.
7.
FLASHCARD QUESTION
Front
What is the difference between fixed and variable expenses?
Back
Fixed expenses remain constant each month (e.g., rent), while variable expenses can fluctuate (e.g., groceries, entertainment).
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