financial math 3/23

financial math 3/23

Assessment

Flashcard

Mathematics

11th Grade

Hard

CCSS
7.RP.A.3, 6.NS.B.3, 5.MD.B.2

+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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