Personal Financial Literacy

Talia bought a skirt for $9.00. Sales tax is 8% or 0.08 times the purchase price. How much did the skirt cost with sales tax?

• $8.28

• $9.72

• $9.81

• $9.64

Ahmed makes $8.96 an hour. This week he worked 30 hours and had $44.80 deducted for payroll taxes. What was his net income?

• $224.00

• $246.40

• $268.80

• $313.60

Which method of payment may cost you interest?

• cash

• check

• debit card

• credit card

In the financial record shown, what is the balance on 4/8?

• $36.36

• $37.37

• $43.43

• $54.07

In the financial record shown, what is the balance on 4/12, after the debit?

• $43.48

• $45.72

• $37.37

• $49.37

Elaine has a weekly income of $34 and weekly expenses of $19. She saves the rest. How can she buy a coat that costs $148.50 with tax and still balance her budget?d

• She can save for 10 weeks.

• She can cut expenses by $10 a week and save for 5 weeks.

• She can cut expenses by $5 a week and save for 7 weeks.

• She cna increase her income by $6 a week and save for 6 weeks.

Which of the following is a disadvantage of using a check in a store?

• You may have to pay interest.

• You must have internet access.

• You don't get a record of money spent.

• It takes time to fill out while other people are waiting.

Anna's employer deducts 0.2 times her gross income in payroll taxes. What is her net income if her gross income is $306?

• $243.20

• $244.80

• $306.00

• $367.20

The Mazgaj family pays $1,980 per year in property taxes. They pay in equal monthly payments. How many dollars do they pay each month?

• $12.00

• $1992.00

• $165.00

• $1968.00

How much can JR save and still balance his budget?

• $10.01

• $10.91

• $11.01

• $12.11