Unit 1 Personal Financial Literacy

• $320

• $480

• $520

• $610

• $6.16

• $6.88

• $7.02

• $7.44

• $4,480.00

• $4,320.00

• $4,890.25

• $5,288.00

• $343.97

• $340.73

• $519.20

• $488.56

• $13,250

• $15,900

• $18,400

• $21,860

• $3,386.50

• $3,265.50

• $4,108.60

• $4,665.00

Which of the following best describes net worth?

• The value of your assets added to the value of your liabilities.

• The value of your assets subtracted from the value of your liabilities.

• The value of your liabilities subtracted from the value of your assets.

• The value of your assets multiplied by the value of your liabilities.

• Yes, because the sum of his assets is $125,480 and the sum of his liabilities is $20,960.

• Yes, because the sum of his assets is $125,480 and the sum of his liabilities is $30,960.

• No, because the sum of his assets is $145,480 and the sum of his liabilities is $30,960.

• No, because the sum of his assets is $125,480 and the sum of his liabilities is $20,960.

Charlotte picks up a few necessities at her local neighborhood market. Use the receipt to determine the total amount Charlotte will pay for her purchase if there is an 8% sales tax.

• $26.15

• $27.50

• $28.95

• $29.70

Hayden is organizing his assets and liabilities in the table attached. If his net worth is $17,550, then how much does he have in his checking account?

• $9,800

• $5,300

• $20,300

• $2,800