Financial Literacy Retake

A college professor with a doctoral degree earns $80,000 per year. A middle school teacher with a master's degree earns $55,000 per year. If each person works for 30 years in the same job, how much more than the middle school teacher will the college professor earn over the course of their careers?

Step 1- Find the difference between 80,000 and 55,000

Step 2 - Multiply the answer from step 1 by 30

• $550,000

• $750,000

• $1,650,000

• $2,400,000

Tags

CCSS.4.OA.A.3

Ms. Ortega is looking at her credit report.

Which of the following might be considered a negative factor to lenders?

Steps: Think of baseball - 3 strikes and you are _______.

• Open checking account

• Paid-off credit cards

• Outstanding collections

• Multiple lines of credit

Where did Carly make an error in balancing her checkbook?

Remember that all purchases will withdrawal from your account.

• She put her cell phone bill in the wrong column.

• She subtracted her cell phone bill incorrectly.

• She put the clothes purchase in the wrong column.

• She added her paycheck to her balance incorrectly.

Tags

CCSS.7.NS.A.3

Information that impacts credit scores negatively usually stays on a credit report for how long?

• 2 years

• 5 years

• 7 years

• 10 years

You are very good at math. You win a contest when you are in middle school, and the

$2,000 prize awarded specifically for college tuition.

The money does not have to be

repaid.

What kind of award is this considered?

• Family support

• Scholarship

• Grant

• Student loan

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Jayden will be working at the college bookstore for about 15 hours per week while he attends classes there.

The money he earns will go directly towards his tuition.

What type of payment is this considered?

working = work

attends classes = study

• Scholarship

• Grant

• Work study

• Loan

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

Mr. Gonzalez doesn't have quite enough money to cover the cost of his masters degree.

One of the ways he will get the money is by borrowing $3,000.

He will pay this money back after he

graduates.

What type of payment is this considered?

• Student loan

• Work study

• Grant

• Scholarship

What is the final balance in Mandy's account?

• $197.00

• $172.00

• $147.00

• $122.00

Tags

CCSS.7.NS.A.3

Using the table given.

How much more does a person with an associates degree earn than a person with only a high school diploma over 10 years?

Step 1: Find the difference between $40,820 and $33,904

Step 2: Multiply the answer from step 1 by 10

• $6,916

• $74,724

• $747,240

• $69,160

Tags

CCSS.7.EE.B.3

What is another way to write 9³?

• 9 × 9 × 9

• 3 × 3 × 3 × 3 × 3 × 3 × 3 × 3 × 3

• 9 × 3

• 9 + 9 + 9

Tags

CCSS.5.NBT.A.2