On-Level PFL Review

What is the 5% sales tax on an item that costs $25?

Tags

CCSS.6.RP.A.3C

How much social security tax will be withheld from an annual salary of $125,000 and a social security tax rate of 6%?

Tags

CCSS.7.RP.A.3

What is a good example of "best value?"

• The most expensive option.

• The lowest interest rate on a savings account.

• The most money saved.

• The highest tax rate.

Which of the following options is the lowest price (or "best value")?

• $20 per week for 52 weeks

• $1,100 annually

• $85 per month

• All options are equal

Tags

CCSS.6.RP.A.3A

Rent, Mortgage payments, car loan payments, and insurance payments are all what type of expense?

• Fixed

• Variable

Groceries, utility bills (electricity, water, gas), and gas for driving your car are all considered what type of expense?

• Fixed

• Variable

What are things you own?

• Assets

• Liabilities

What are things you owe?

• Assets

• Liabilities

Tags

CCSS.6.NS.C.7A

CCSS.6.NS.C.7B

What is "net worth?"

• How much money you make.

• assets - liabilities

• liabilities - assets

• assets + liabilities

Tags

CCSS.6.NS.C.7C

Using a simple interest rate of 5%, how much interest will be earned on a savings deposit of $1,000 after 10 years?

• $50

• $500

• $5000

• $50,000

Tags

CCSS.7.RP.A.3