Expenses Quiz Review (L1-L7)

A teacher’s starting salary is $60,000 per year. How much can they spend on rent per month? (Use our 30% rule)

• $5,000 per month

• $6,500 per month

• $1,500 per month

• $18,000 per month

Stanley works 40 hours a week at $25 per hour. How much can he spend on rent per month? (Use our 30% rule).

• $1,000 per month

• $4,000 per month

• $1,200 per month

• $300 per month

What are the following abbreviations? SD, EIK, w/d, 2nd KIT

• School district, eat in kitchen, washer/dryer, 2nd kitchen

• Sunny Drive, Eat in Kitchen, washer/dryer, 2nd kitten

• School district, each in kitchen, dish washer, 2nd kitchen

• Sunny drive, each in kitchen, dish washer, 2nd kitten

Justin and Jordan earn $5000 together per week. How much can they spend on rent per month together? Use our 30% rule.

• $20,000 per month

• $1,500 per month

• $6,000 per month

• $7,500 per month

You are moving 300 miles away. You rent a truck that costs $30 plus $0.30 per mile. How much would this cost you?

• $30

• $120

• $60

• $90

You are moving 400 miles away. The moving truck company includes 100 miles and charges $2 per mile over. They also charge you a base price of $40. You need the truck for 5 hours and they charge $30 per hour. How much will this cost you in total?

• $600

• $640

• $790

• $150

Your car gets 25 miles per gallon. If you work 15 miles from your home, how many gallons of gas do you need for the entire 5-day work week? (Hint: find how many total miles you'll drive first.)

• 15 gallons

• 6 gallons

• 5 gallons

• 20 gallons

You need to fill up your entire 12 gallon tank. Gas in your area costs $3.49 per gallon. If your tank was empty, how much will gas cost you per week?

• $39

• $41.88

• $42

• $34.90

You want to buy a car with a total vehicle price of $45,679. How much would you pay in TOTAL, if they charge taxes (8.625%) on this car?

• $50,000

• $39,398.13

• $3,939.81

• $49,618.81

How much can you afford to pay for a car each month (use 7% rule) if you earn 50,000 per year?

• 4,166.66

• 4,166.67

• $291.66

• $291.67