Personal Financial Literacy

Property owned by a person or company, regarded as having value is an __________

• asset

• liability

• net worth

• pizza

What is another word for house payment?

• Wages

• Net Worth

• Mortgage

• Book

The difference of what you own and what you owe (the difference between assets and liabilities)

• asset

• liability

• net worth

• coconut

Assets-Liabilities=

• assets

• expenses

• net worth

• savings

Assets=$20,000

Liabilities=$50,000

What is the net worth?

• $80,000

• - $80,000

• $30,000

• - $30,000

Based on the chart above, what is the Net Worth?

• $16,840

• $50,850

• $34,010

• $67,690

Based on the chart above, what was the net worth?

• $64,020

• $19,750

• $83,770

• $103,520

Sales tax is __________ to the price

• subtracted
• added
• multiplied
• divided

The new oven is $628.00. The tax rate is 8%. How much will the sales tax be?

• $50.24

• $45.00

• $750.00

• $35.50

Find the tip amount only.  $20 lunch;  20% tip

• $ .40
• $ 2.00
• $ 4
• $ 24