Financial Literacy Problem Solving #1

Mandy needs a new backpack for school. She found one she liked for $36 and luckily she had a coupon for $2.75 off. Then she found a matching lunch kit for $17.30. How much did Mandy spend in total?

• $56.05

• $50.55

• $53.30

• $33.25

Tags

CCSS.7.NS.A.3

Sarah bought a dress for $9.87 and a necklace for $4.35. She paid with a $20 bill. How much change did she receive?

• $14.22

• $34.22

• $5.78

• $6.22

Tags

CCSS.6.NS.B.3

The price of a calculator is $12.30. Bryan paid 75 cents less then the original price of the calculator. He also bought a notebook for $1.48. What is the total amount Bryan paid for these items?

• $13.03

• $14.03

• $14.53

• $13.83

Tags

CCSS.7.NS.A.3

Ms. Polk pays a tax every year because she owns a house. What term best describes this tax?

• Income Tax

• Payroll Tax

• Sales Tax

• Property Tax

Tags

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

Which of these statements is true about Gross Income?

• Gross Income is the amount of money an employee is paid AFTER deductions are taken out of their paycheck.

• Gross Income is the amount of money an employee is paid BEFORE deductions are taken out of their paycheck.

This month Mary's expenses are greater than her income. What are two actions she can take in order to balance her budget?

• Increase expenses and decrease income

• Decrease expenses and decrease income

• Decrease expenses and increase income

• Increase expenses and increase income

Tags

CCSS.6.NS.C.7C