Quiz 2 Practice

The sum paid to an employee for completing a task, which is usually to sell a certain amount of goods or services is:

• commission

• credit

• tax

• purchase

The ability of a customer to obtain goods or services before payment, with the trust that payment will be made in the future (buy now pay later):

• debit

• return

• credit

• bait and switch

Bringing something back for a refund is a

The cost of something after all discounts and taxes are applied is the:

• commission

• total cost

• gratuity/tip

• income tax

A tax on sales of certain ​goods and services that is paid to the ​ (a)   is ​ (b)  

• government
• sales tax
• schools
• income tax

Organize these options into the right categories

Groups:

(a) Smart Shoppers

,

(b) Non-Smart Shoppers

• Impulse Shopper

• Plan-Ahead Shopper

• Bargain Shopper

• Non Shopper

• Inspirational Shopper

• Last-Minute Shopper

Organize these options into the right categories

Groups:

(a) Things Taxes Pay for

,

(b) Things Taxes DON'T Pay For

• Public Transportation

• Your McDonald's Order

• Sporting Events

• Police Departments

• Concerts

• Roads

• Military

Income tax in the United States is ​ (a)   ; Individuals who earn more money pay higher taxes, and individuals who earn less money pay lower taxes

• progressive
• federal
• cheap

You decided to buy a shirt that is on sale for 30% off. The original price of the shirt is $29.95. If there is no tax added, what is the total cost of the shirt after the discount is applied?

• $8.96

• $20.99

• $38.91

• $29.65

Dylan bought a BEC from Bagel Boss for lunch yesterday. The bagel cost $6.99 plus a tax rate of 8.25%. What was the total cost of her bagel after tax was added?

• $0.58

• $7.57

• $6.41

• $13.98