Consumer Math Pre- Assessment

Front

What is Net Pay?

Back

The amount of salary received after taxes and deductions.

Front

If a tip of $2.88 is 25% of the bill, how do you find the total bill?

Back

Divide the tip by 0.25 to find the total bill.

Front

What is required to have as a homeowner?

Back

Homeowner’s Insurance.

Front

What is 15% of 30?

Back

4.5

Front

What does an Energy Star rating indicate?

Back

It helps you decide which appliances are more economical to use.

Front

What is Gross Pay?

Back

The total amount of salary before taxes and deductions.

Front

How do you calculate a 25% tip?

Back

Multiply the total bill by 0.25.

Front

What is the formula to calculate percentage?

Back

(Part/Whole) x 100.

Front

What is the difference between fixed and variable expenses?

Back

Fixed expenses remain constant, while variable expenses can change.

Front

What is a budget?

Back

A plan that outlines expected income and expenses over a period.