Budgets and Net Worth

What percent of Sherri's total monthly budget is put into savings?

• 15%

• 8%

• 12.5%

• 25%

Tags

CCSS.6.EE.B.7

CCSS.6.RP.A.3

What percent of Sherri's total budget is put into cable and cell phone?

• 5%

• 9%

• 13%

• 17%

Tags

CCSS.6.RP.A.3C

What are the variable expenses of Sherri's monthly budget?

• rent, cable, groceries

• savings, groceries, other expenses

• rent, utilities, groceries

• cell phone, utilities, other expenses

Tags

CCSS.6.EE.A.2

CCSS.6.EE.B.6

The graph above represents a family’s monthly budget. The family’s income is $3,125. How much money does the family spend on utilities, transportation costs, and savings?

• $1000.93

• $1093.75

• $1937.50

• $2037.50

Tags

CCSS.6.RP.A.3C

Jay’s monthly income is $2,750. How much of Jay’s monthly income is spent on his car payment and insurance?

• $587.50

• $615.75

• $655.75

• $687.50

Tags

CCSS.6.RP.A.3C

Cardi B created a monthly budget and assigned each category a percentage of her monthly income. Cardi B’s monthly income is $3,500. Which statement is supported by the information in the table?

• Less than $1,000 of Cardi B’s monthly income is for her car payment and insurance.

• Cardi B's budgets $875 of her monthly income for her cell phone, utilities, and emergencies.

• Cardi B puts $200 of her monthly income into savings.

• More than $1,200 of Cardi B’s monthly income is for her rent.

Tags

CCSS.6.RP.A.3C

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