7th Financial Literacy

The sales tax rate in Texas is 8%. If Mr. Jacobs buys an American Girl doll for his daughter with a price tag of $150, what is the total amount he will pay for the doll?

• 62

• 162

• 185.50

• 78.75

Tags

CCSS.6.RP.A.3C

Angie has $1062 in her savings account. If the bank pays 4% simple interest on savings, how much interest does she earn in 3 years?

• 258.12

• 958.65

• 138.45

• 127.44

Tags

CCSS.7.RP.A.3

Mrs. Wilcox paid $28.00 for new beakers and clamps for $10.00. The sales tax rate is 6%. How much will Mrs. Wilcox pay in sales tax?

• 2.28

• 13.45

• 9.65

• 3.24

Tags

CCSS.6.RP.A.3C

Leo wants to buy some shoes. He found the shoes at three different stores for a price of $35. The stores are each having a sale.

Store X is offering 15% off the price of the shoes.

Store Y is offering $5 off the price of the shoes.

Store Z is offering 1/5 discount off the price of the shoes.

Which statement about the sale price of these shoes is true?

• Store X has the best sale price of $20

• Store Z has the best sale price of $28.

• Store Y has the best sale price of $30.

• Store Z has the best sale price of $7.

Which item is an example of a liability?

• Furniture you own

• Jewelry

• Car loan

• Your house which you own.

Minda's monthly pay is $3,200.

She pays 15% of her monthly income in federal withholding. How much federal withholding does she pay?

• 124

• 245

• 480

• 312

Tags

CCSS.6.RP.A.3C

Oklahoma has a state income tax of 5% on all income. If you are an Oklahoma resident and you make $54,500 in a year, how much will you pay in income tax?

• 2725

• 1565

• 3250

• 985

Tags

CCSS.6.RP.A.3C

The Samson family has a monthly income of $4,500.

How much does the Samson family spend on food each month?

• 675

• 15

• 275

• 350

Tags

CCSS.6.RP.A.3C

Items that are owned by an individual

• assets
• liabilities
• property
• expenses

Debts that are owed by an individual

• liabilities
• fixed expenses
• net worth
• assets

Tags

CCSS.6.NS.C.7C