CM S1 Module 3 and 4 FInal Exam Review

Ruth buys a car for $48,668, and must pay her state 6% sales tax on the sale. Which expression identifies how much she will pay in sales tax?

• 6(48668)

• 0.06(48688)

• .6(48668)

• 48668÷0.06

Which of the following are things to look for when shopping for a new or used car?

• the mileage
• damage to the exeterior of the car
• the price of the car
• all of these

All of the following are places to look for cars except

• Classified Ads
• The Walmart Parking Lot
• Kelly Blue Book
• Edmunds

What is depreciation?

• Cars lose value once you drive them.
• Cars lose space once you drive them.
• Cars gain value once you drive them.
• Cars lose mileage once you drive them.

The cost of owning a car includes

• insurance
• repairs
• gas
• all of these

A manufacturer's warranty on a car covers

• specific repairs for as long as you own the car
• all the maintenance costs for a specific number of miles
• specific repairs for a specific amount of time or number of miles
• collision repairs but no other repairs

The _______________ is the cash you give to the dealer to lower the principal amount of the car.

• warranty expense
• interest amount
• down payment
• trade-in

Kelsey bought a new jacket. The jacket costs $150.00. She will pay 8.25% in sales tax. How much money will she pay in sales tax?

• $123.80

• $12.38

• $162.38

• $273.80

What are the types of taxes a person might pay?

Check all that apply.

• Sales tax

• Natural tax

• Income tax

• Property tax

• Birth tax

Who primarily uses our tax money? (hint: choose 2 correct answers)

• Your employer

• The state government

• The Federal government

• Local Businesses