Level 1/2 Review

Taxation is

• When you take some time out and lie on your lie or couch

• When the government takes money from your income or through spending to pay for goods and services in the country.

• When people give money to charity

• When you get really upset and annoyed that no-ones listening to you

How do wages and salary differ?

• Wages describe what you earn on an annual basis

• Salary describes what you earn on an annual basis

• Wages mean you have a standard amount in each paycheck

• Salaried employees are likely to be paid for overtime

Budgeting is crucial to your financial success.

• True
• False

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.2

CCSS.7.NS.A.3

CCSS.7.RP.A.1

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Examples of Fixed Expenses include:

• Mortgage, loans, rent
• Cable, entertainment, food
• Gas, food, phone
• Clothing, gas, food

What is 10% of 275

• 27
• 27.05
• 2750
• 27.5

Tags

CCSS.6.RP.A.3C

Which is bigger:
25% of 200 
OR
20 % of 250

• 25% of 200
• 20% of 250
• They are the same

Tags

CCSS.6.EE.A.4

Numbers increase as you go left on the number line?

• True
• False

Tags

CCSS.6.NS.C.6C

To SUBTRACT, move to the ________ on the horizontal number line.

• right
• left
• up
• down

Tags

CCSS.5.NBT.B.7

Round 5.592 to the nearest hundredth.

• 5.60
• 5.50
• 6.59
• 5.59

Tags

CCSS.5.NBT.A.4

Estimate

19.9 x 8.8

• answer varies

• 26

• 1200

• 100