Algebra with Finance Study Guide

Front

How do banks determine your interest rate on a loan?

Back

Your Credit Score

Front

The maximum amount you may borrow on a credit card is known as: creditworthiness, credit report, credit limit, variable rate of credit

Back

credit limit

Front

Having a high credit score will allow lenders to give you lower interest rates.

Back

True

Front

Which one tells you your earnings BEFORE taxes? Gross Pay, Net Pay, Commissions, Overtime

Back

Gross Pay

Front

Which one is extra money you can make from working more than your scheduled or selling extra items?

Back

Overtime

Front

What is the amount that would go into box 1?

Back

$49,100

Front

Roni works 47 hours this week at an hourly wage of $17. For hours worked over 40, she is paid at the rate of time and a half. How much does she earn this week?

Back

$858.50

Front

The money you get back when your employer withholds more than the tax you owe the government.

Back

refund

Front

The number of students in the school went from 1028 down to 755. What is the percent decrease?

Back

27%

Front

A pair of jeans is discounted for 30% off. If the original price is $31.50, what is the amount of discount?

Back

$9.45