Semester One Final Exam Review

Front

What is the term for the amount of money left in your account to spend?

Back

Account balance

Front

If Kayla had a balance of $106.15 and deposited $75.00, what is her new balance?

Back

$181.15

Front

What is the amount of money you get paid BEFORE deductions called?

Back

GROSS pay

Front

Convert 40% to a decimal.

Back

.4

Front

What is the machine called that you can use to take cash out of your bank account?

Back

ATM

Front

What is the term for money taken out of your paycheck for taxes and other deductions?

Back

Deduction

Front

What is the term for the amount of money you receive after all deductions?

Back

NET pay

Front

If you have an account balance of $200 and you withdraw $50, what is your new balance?

Back

$150

Front

What does it mean to overdraw your account?

Back

To withdraw more money than is available in your account.

Front

What is the formula to calculate the percentage of a number?

Back

(Part/Whole) x 100