Financial Literacy EOC Review

Mr. Wright paid for dinner which included 2 pizzas at $14.95 each, a salad at $4.35, 4 drinks at $2.49 each and sales tax of 7.675%. He paid with a $50 bill. He always leaves 15% tip on the total bill excluding sales tax. How much more money does he need in order to leave a 15% tip?

• $9.67

• $4.74

• $0.84

• $54.74

Ms. Wong bought Chinese take-out food. She ordered 4 eggrolls for $1.49 each, 2 Chicken Chow Mein for $7.90 each, 2 Egg Foo Young for $7.40 each, 4 cans of soda for $1.25 each and sales tax of 7.675% She will pay with a $50 bill. She always gives the delivery person an 18% tip on the total bill excluding sales tax. How much money does she need in order to leave an 18% tip?

• $52.80

• $0.80

• $2.80

• $6.72

Mr. Wright paid for dinner which included 2 pizzas at $14.95 each, a salad at $4.35, 4 drinks at $2.49 each and sales tax of 7.675%. He paid with a $50 bill. He always leaves 15% tip on the total bill excluding sales tax. How much more money does he need in order to leave a 15% tip?

• $4.74

• $0.84

• $54.74

• $9.67

The Morgan family has a monthly income of $7,300. They have fixed expenses of $3,820. In May they had monthly variable expenses of $2,620. They have annual expenses totaling $14,000. What was their net cash flow for May?

• $233.33

• $800.00

• $1400.00

• $2853.33

The Morgan family has a monthly income of $7,300. They have fixed expenses of $3,820. In May they had monthly variable expenses of $2,620. They have annual expenses totaling $14,000. What was their net cash flow for May?

• $800.00

• $233.33

• $2853.33

• $1400.00

The Davis family has a monthly income of $5,800. They have fixed expenses of $2,590. In June they had monthly variable expenses of $1,780. They have annual expenses totaling $10,500. What was their net cash flow for June?

• $2335.00

• $1430.00

• $555.00

• $330.00

Sally earns a weekly sales commission of 20% on all sales up to $700 and 30% for sales over $700. If Sally had sales of $900, what will her commission be?

• $50

• $180

• $200

• $270

Seth earns a weekly sales commission of 15% on all sales up to $600 and 25% for sales over $600. If Seth had sales of $1000, what will his commission be?

answer choices

• $40

• $190

• $150

• $250

Seth earns a weekly sales commission of 15% on all sales up to $600 and 25% for sales over $600. If Seth had sales of $1000, what will his commission be?

• $250

• $150

• $190

• $40

Employee benefits each pay period are: $700 health care, 10% of gross wages for retirement and 1.5% of gross wages for a dental plan. What will the total pay in benefits be for Nancy who has gross wages of $5200?

• $1298.00

• $711.50

• $598.00

• $2000