Unit 3 Review

Margaret bought an item for $100, but when she saw her receipt, she realized that she actually paid $108.20. Which statement best describes the reason why Margaret paid over $100 for the item?

• A. She paid sales tax

• B. She paid payroll tax

• C. She paid income tax

• D. She paid property tax

Tags

CCSS.6.NS.B.3

Eric’s parents give him a weekly allowance of $40 to help with his college expenses. He budgets $25 a week to buy breakfast at school and $15 to spend on entertainment. Eric would like to attend a fun sports event that will take place in 3 weeks. the ticket for the event costs $30, so his weekly expenses for that week will be a total of $70. Which is the best option for Eric so that he can attend the sports event?

• A. He should not attend the event.

• B. He should use his weekly allowance to purchase his ticket.

• C. He should borrow $10 from friends for 3 weeks so that he can purchase a ticket.

• D. He should only spend $5 on entertainment for 3 weeks and save $10 each week

Tags

CCSS.7.EE.B.3

Mr. Salazar’s net income for January was $2,545. The table show his Budget except for an amount in the “Transportation” category.

What amount should be in the “Transportation” category in order for Mr. Salazar’s budget to be balanced?

• A. $2,247

• B. $298

• C. $4,792

• $598

Tags

CCSS.7.NS.A.3

John was offered a job with a salary of $500 a week. When he received his first paycheck, the amount was $412. Based on this information, which statement might explain the reason for the difference between his $500 salary and his $412 paycheck?

• A. His gross income was $412 but his net income was $500 because taxes were deducted

• B. His gross income was $500 but his net income was $412 because taxes were deducted

• C. His gross income was $500 but he received only $412 after his rent was deducted

• C. His gross income was $500 but he received only $412 after his rent was deducted

Tags

CCSS.6.NS.B.3

Ms. Norton plans to change jobs. Which statement best describes a situation in which Ms. Norton would pay more income tax if she changes her job?

• A. Her new job has more responsibilities.

• B. She accepts a job where she is offered a gym membership.

• C. She makes more money in her new job.

• D. She accepts a job as a federal employee.

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

Lucy made a table to budget her money for the next 4 months. Based on the information in the table, what is the best way for Lucy to balance her budget for December?

• A. Eliminate savings in December

• B. Reduce her expenses in December

• C. Ask her parents for more money

• D. Apply for a loan in December

Tags

CCSS.7.NS.A.3

Josiah wants to build a pool with a deck in the backyard. Which term best describes the tax that will be affected by the pool addition?

• A. Payroll tax

• B. Income tax

• C. Government tax

• D. Property tax

Tags

CCSS.RI.5.2

CCSS.RL.4.1

CCSS.RL.5.1

CCSS.RL.5.2

CCSS.RL.6.1

Saliah’s family is planning their budget for the next month. The family’s monthly net income is $1,325. Which statement about Saliah's family budget is true?

• A. The budget is not balanced because the expenses are higher than the net income.

• B. The budget is not balanced because the amount for each expense is different.

• C. The budget is balanced because the higher expense is for the house payment.

• D. The budget is balanced because all the expenses are necessary.

Tags

CCSS.7.NS.A.3