Financial Literacy
7th Grade
•20 Qs
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Financial Literacy
Quiz
•
Mathematics
•
7th Grade
•
Practice Problem
•
Medium
+2
Standards-aligned
Erik Cuba
Used 22+ times
FREE Resource
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20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Elijah bought a pair of boots for $80 and a shirt for $20. The sales tax is 5%. How much did Elijah pay for all the items, including tax?
$100
$1600
$105
$150
Tags
7.13.A
2.
DRAG AND DROP QUESTION
1 min • 5 pts
Kaiten has a gross income of $2000.
Federal Withholding is 10% which is (a) .
Social Security is 6% which is (b) .
Medicare is 2% which is (c) .
Tags
7.13.A
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Katherine deposits $1000 into a savings account that earns simple interest at a rate of 3%. She makes no withdrawals. How much interest has Katherine’s account earned after 2 years?
$30
$100
$60
$600
Tags
7.13.E
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Noah can purchase 10 lbs of hamburger meat from several different sellers. Which is the cheapest option?
Buy online for $50 plus pay shipping and handling costs of $1 for each pound.
Buy from 3T Meats for $70 with a 20% friend discount.
Buy at Stewart's where the price is $60 and use a $5-off coupon.
Tags
7.13.F
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Pedro deposits $100 into a savings account that earns 5% simple interest. If he leaves the account alone for 20 years, how much total money will be in the account?
$2000
$100
$200
$1000
Tags
7.13.E
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Mr. Quiz is going to buy a new car. He can't decide which is the cheaper price. A deal that is $20,000 with a 20% discount, or a deal that is $20,000 with $4000 off. Which is the cheaper deal?
20% Discount
$4000 Off
They are the same deal.
Tags
7.13.F
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Raiden buys a new Cybertruck for $60,000. If the sales tax rate is 8%, how much is the tax on that new Cybertruck?
$4800
$6000
$9000
$48000
Tags
7.13.A
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