Financial Literacy Practice

Calculate Austin's gross income.

• $620.00

• $91.31

• $528.69

Tags

CCSS.7.EE.B.3

Calculate Austin's NET income

• $620.00

• 91.31

• $528.69

Tags

CCSS.6.NS.B.3

Decker earns $9 per hour working at Chick-Fil-A. His paycheck this week was $254.17 for 30 hours of work. How much was withheld for payroll taxes?

• $293.17

• $15.83

• $224.17

• $39.00

Tags

CCSS.6.NS.B.3

Regina wants to 2 games for $27 each and a new binder for $17. She gives the clerk $85. The clerk says she needs money for the tax. Which tax does Regina need to pay?

• property tax

• income tax

• payroll tax

• sales tax

Tags

CCSS.7.EE.B.3

Olivia started a necklace business with Heidi. They borrowed $10.75 from their moms to buy supplies. On the first day they collected $4.79 in sales. On the second day they collected $14.37 in sales.

What was Olivia's and Heidi's profit after paying back their moms?

• $8.41

• $19.16

• $29.91

• $21.50

Tags

CCSS.7.NS.A.3

Logan estimates his expenses for the next 6 months will be about $100 per month more than his income. What is one way he can balance his budget.

• Use $500 from his savings account.

• Use a credit card when he doesn't have enough money.

• Use a debit card to help each month.

• Work extra hours or get another job.

Abby usually spends $38 each week when shopping. She has estimated that she needs to budget $2000 for the entire year of shopping. A year has 52 weeks. Which statement is true?

• $2000 is about $500 more than she needs.

• $2000 is about right.

• $200 is a better estimate.

• $2000 is about $500 less than she needs.

Tags

CCSS.4.NBT.B.5

Which one is not actually borrowing?

• credit cards

• mortgages

• debit cards

• auto loans

Jackson bought a football for $17. Sales tax is 8%, or 0.08 times the purchase price. How will sales tax affect the price of the football?

• The price of the football will increase.

• The price of the football will double.

• The price of the football will stay the same.

• The price of the football will decrease.

Tags

CCSS.6.RP.A.3C

Brandy decides to use a credit card to buy a $1,200 new scooter. Which statement is true.

• She will pay $1,200 total.

• She will pay less than $1,200.

• She will pay more than $1,200.

• She should have used asked her dad instead.

Tags

CCSS.7.RP.A.3