Financial Literacy 7.13

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

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Charlie's net worth is -$35,354.  Which of the following is true?

• He has a positive net worth which means his assets are greater than his liabilities. 
• He has a positive net worth which means his liabilities are greater than his assets.
• He has a negative net worth which means his liabilities are greater than his assets.
• He has a negative net worth which means his assets are greater than his liabilities 

Nomar's net worth is $15,354.  Which of the following is true?

• He has a positive net worth which means his assets are greater than his liabilities. 
• He has a negative net worth which means his liabilities are greater than his assets.
• He has a positive net worth which means his liabilities are greater than his assets.
• He has a negative net worth which means his assets are greater than his liabilities.

Tags

CCSS.6.NS.C.7C

Jin's total assets are $8,794.  Her liabilities are $2,670 in credit card debt and $3,622 for a student loan.  What is her net worth?

• $6,124
• $15,086
• -$4,328
• $2,502

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

• $7.50
• $26.25
• $87.5
• $262.50

Tags

CCSS.7.RP.A.3

Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?

• 95
• 105
• 125
• 135

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

Sam bought an $85.00 jacket for 40% off of the regular price.  How much did he pay for the jacket? 

• 75
• 51
• 36
• 34

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3

Allison purchases her college books for the upcoming semester.  She has to pay $98 for a biology book, $38 for a used poetry book, and $74 for a trigonometry book.  If the sales tax rate is 7.5%, how much tax with Allison pay?

• $7.50
• $15.75
• $14.25
• $157.50

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

Kathy worked at the library for three months.  She earned $4,500.00 and must pay a total of 15% in taxes, which includes federal withholding, Medicare, and Social Security taxes.  What is her net pay?

• $3,825.00
• $3,875.00
• $4,825.00
• $5,175.00

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

James bought a new digital camera for $175. He had to pay a sales tax of 7.2%. What was the total cost of the camera?

• $1830.40
• $187.60
• $11.36
• $12.60

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3