Unit 2 Study Guide

Patrick has assets that total $9,500. His liabilities total $1,900. Which expression will find Patrick’s net worth?

• $9,500 / $1,900 (Divided)

• $1,900 - $9,500

• $1,900 + $9,500

• $9,500 - $1,900

Tags

CCSS.7.EE.B.3

Lenora is a college student with a student loan of $7,500. Her tuition is $3,200 per year. She owns $470 worth of text books and a has a laptop computer worth $950. She also has a meal plan at school for which she pays $250 per month. Which is one of Lenora’s assets?

• The Meal Plan

• The Text Books

• The Student Loan

• The Tuition

Brandon owes his brother $120. He has a stamp collection worth $1,250 and he has $300 in a bank account. He also has a skateboard worth $95. Which are Brandon’s assets?

• The Stamp Collection Only

• The Bank Account Only

• The Stamp Collection and The Bank Account

• The Stamp Collection, the bank account, and the skateboard

Tags

CCSS.6.NS.C.5

Rita does chores for her neighbors and makes $45 each weekend. She owes her sister $80. Rita has $178 in coins and a collection of baseball cards worth $475. Which is a liability?

• The money she earns

• The Money she owes her sister

• The coins

• The collection of baseball cards

Tags

CCSS.7.NS.A.1B

Mr. Morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. He has a mortgage of $910 a month and pays $175 a month for utilities. Mr. Morgan owns a rental property for which he receives $680 per month. Which is a liability?

• The yearly salary

• The commission

• The mortgage

• The rental property

Tags

CCSS.7.RP.A.3

Which factor would be a valid influence on a career choice in the United States?

• Gender

• Race

• Birthplace

• Interests

Tags

CCSS.RL.11-12.6

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

Which type of training would be considered vocational training?

• Training to prepare for a career

• Training to improve one's health

• Training to learn a new hobby

• Training to improve relationships

Which represents an employee benefit?

• Wage paid per hour of work

• Health-Insurance plan with company-paid premiums

• Schedule with weekends off

• Gratuity given by customers or clients

Brenden wants to set aside money for times when he may be without work due to illness or layoffs. Which method would be best?

• College savings account for his daughters

• Checking Account

• Personal savings account

• Home equity line of credit

Cameron is choosing a career out of high school with no further training. The median salary for this career is $30,000. His friend Mateo is choosing a career that requires a college degree but has a median salary of $55,000. Over 20 years, what will be the difference between their incomes?

• $25,000

• $85,000

• $500,000

• $1,700,000

Tags

CCSS.7.NS.A.3