7.13C and 7.13D

The table below shows Claude's assets and liabilities.  What is the total value of his assets?

• $24,950
• $25,420
• -$24,950
• $50,370

Tags

CCSS.7.EE.B.3

The table below shows Claude's assets and liabilities.  What is the total value of his liabilities?

• $24,950
• -$24,520
• $25,420
• $50,370

Tags

CCSS.6.NS.C.5

Which of the following is considered an asset?

• credit card debt
• savings
• car payoff
• student loan

Assets are best described as

• monetary assets you own
• financial debts and obligations for which you owe
• your net worth
• adjusted gross income

Tags

CCSS.7.RP.A.3

Net worth is found by

• subtracting expenses from income
• dividing monetary assets by current liabilities
• subtracting liabilities from assets
• dividing monthly debt by monthly income

Tags

CCSS.7.RP.A.3

Ms. Vonn’s monthly budget is shown in the chart. She receives two paychecks per month. Ms. Vonn’s budget is balanced every month. How much is Ms. Vonn’s monthly car payment?

• $2,400

• $300

• $500

• $2,100

Tags

CCSS.7.NS.A.3

Leon listed some expenses from last month on this table. Which of the following is a fixed expense?

• Gifts for friends

• Sodas

• Car payment

• Sports tickets

Tags

CCSS.4.MD.B.4

Martina’s checks for last month are shown in this table. At the end of the month, Martina was $15 overdrawn at the bank. Which action would BEST help Martina avoid being overdrawn again next month?

• Do not use any electricity for one month.

• Do not wash clothes in order to save water.

• Do not pay for home insurance until next month.

• Switch to a less expensive phone plan.

Tags

CCSS.7.NS.A.3

Arturo earned $100 last month from his afternoon babysitting job. The table shows Arturo’s budget. Which is a true statement about Arturo’s budget?

• Arturo’s budget is not balanced because his expenses exceed his income.

• Arturo will have a surplus because he plans to spend less than he earned.

• Arturo’s budget is not balanced because he will spend all of his money.

• Arturo’s budget is balanced because his expenses equal his income.

Tags

CCSS.7.NS.A.1C

Arturo has an opportunity to buy a video game from his friend for $18. How can Arturo BEST adjust his budget so that he can afford the game?

• Do not buy gum and trading cards.

• Do not buy lunch at school.

• Do not buy movie tickets and gum.

• Do not buy popcorn at the movies.

Tags

CCSS.7.NS.A.3

CCSS.7.EE.B.3

CCSS.7.EE.B.4