Budget Assignment  Revised 11/3

Budget Assignment Revised 11/3

7th Grade

9 Qs

quiz-placeholder

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Budget Assignment  Revised 11/3

Budget Assignment Revised 11/3

Assessment

Quiz

Mathematics

7th Grade

Practice Problem

Medium

7.13.B, 7.13.C, 7.13.A

+2

Standards-aligned

Created by

Joey Voyles

Used 4+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 mins • 4 pts

1. The sales tax rate on a new vehicle is 6%. If the vehicle is $8,000, then how much will be charged for sales tax?

A. $320
B. $480
C. $520
D. $610

Tags

7.13.A

2.

MULTIPLE CHOICE QUESTION

10 mins • 4 pts

Media Image

2. Margie’s $1,600 budget is shown below. Which of the following statements does NOT represent the table?

A. Margie’s car payment represents one eighth of her total budget.
B. Margie’s rent and food represent more than 50% of her total budget.
C. Utilities represent 5% of Margie’s total budget.
D. Margie’s food category represents more than 20% of her total budget.

Tags

7.13.B

7.13.D

3.

MULTIPLE CHOICE QUESTION

10 mins • 4 pts

3. Dr. Ames earns an annual salary of $265,000. If 6% of his income is withheld for social security tax, then how much will Dr. Ames pay each year in social security tax?

A. $13,250
B. $15,900
C. $18,400
D. $21,860

Tags

7.13.B

7.13.D

4.

FILL IN THE BLANK QUESTION

10 mins • 4 pts

4. Sophia invests $12,500 in an account that earns 4% annual simple interest. Assuming she makes no additional deposits or withdrawals, how much interest will Sophia earn after 3 years?

Tags

7.13.E

5.

FILL IN THE BLANK QUESTION

10 mins • 1 pt

Media Image

5. Royce is tabulating his net worth. Using the table below, determine Royce’s net worth.

Tags

7.13.C

6.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Media Image

6. Dak creates a budget to help him organize his finances. Which of the following statements is not true?

A. Dak’s food budget accounts for 20% of his total budget.
B. Dak pays exactly 50% of his budget in rent.
C. Dak’s budget for utilities accounts for less than 10% of his budget.
D. Dak’s rent and car payment account for 55% of his total budget.

Tags

7.13.B

7.13.D

7.

MATCH QUESTION

10 mins • 5 pts

Match assets and liabilities

assets

Art collection that's yours

liability

Checking account

liability

mortgage note

assets

credit cards

liability

Car note

Tags

7.13.C

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