financial literacy pre-test

Jonathan's new clothes cost a total of $572.50 before tax. What type of tax does Jonathan have to pay for his new clothes?

• Income Tax
• Property Tax
• Payroll Tax
• Sales Tax

Tags

CCSS.6.RP.A.3B

Items that are owned by an individual

• assets
• liabilities
• property
• expenses

Items that are owned by an individual

• assets
• liabilities
• property
• expenses

A plan for spending

• income
• expenses
• sales tax
• budget

Tags

CCSS.7.EE.B.4A

A voucher entitling its user to a cash refund

• liability
• coupon
• expense
• wage

The cost required to buy an item or service

• coupon
• expenses
• income
• wage

Tags

CCSS.6.NS.B.3

Debts that are owed by an individual

• liabilities
• fixed expenses
• net worth
• assets

Tags

CCSS.6.NS.C.7C

The value of one's assets minus one's liabilities

• fixed income
• coupon
• net worth
• gross income

Tags

CCSS.6.NS.C.5

The amount paid or earned for the use of money.  
The formula is I = prt

• Simple interest
• Compound Interest
• Coupon
• Monetary Incentives

Tags

CCSS.7.RP.A.3

Which is an example of a variable expense?

• car payment
• mortgage
• electricity bill