Personal Financial Literacy

Maya, Avery, and Abigail are having a fun day out shopping in Texas. They come across a washing machine priced at $420.00. They remember that the state sales tax rate in Texas is 6%. Can you help them figure out how much they will need to pay in state sales tax for the washing machine?

• $18.70

• $25.20

• $30.19

• $36.50

Tags

7.13

7.13.A

7.13.B

Noah is planning to start a small business and is seeking a loan of $8,000 with a simple interest rate of 3% per year from a local bank. If he gets the loan, how much will he be charged in interest after 4 years?

• $1,280

• $960

• $240

• $9,600

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7.13.C

7.13.E

Elijah, Aria, and Oliver are planning an epic cross-country road trip. They've got a budget of $1,000 for their grand adventure. After budgeting for all their wild escapades, they decide to stash the leftover cash for any unexpected surprises. Can you figure out what percent of their budget they're saving for these unforeseen events?

• 35%

• 65%

• 20%

• 40%

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7.4.D

Aria, Mason, and Luna are having a debate. They are discussing about the car that Henry owns, which they all agree has value. They are trying to classify it. According to you, Henry's car is a(n) __________.

• asset

• liability

• net worth

• pizza

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7.13.C

Priya has some assets and liabilities. If she subtracts her liabilities from her assets, what does she get?

• Her total assets

• Her total expenses

• Her net worth

• Her savings

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7.13.C

Ethan, Arjun, and Oliver are playing a fun game of 'Financial Detectives'. They stumble upon a mysterious document - Dalton's net worth statement. Their mission, should they choose to accept it, is to identify which items are considered assets.

(Select ALL that apply.)

• Credit Card Debt

• Checking Account Balance

• Home Value

• Mortgage

• Auto Loan

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7.13.C

During a winter sale, Olivia, Abigail, and Daniel spotted a stylish jacket they all liked, priced at $85.00. The jacket was marked 40% off. Samuel, being the math whiz of the group, quickly calculated the discounted price. Can you guess how much Olivia, Abigail, and Daniel paid for the jacket?

• 75

• 51

• 36

• 34

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7.13

Elijah, Emma, and Noah are helping their friend Marco to calculate his total deductions. Marco has the following deductions listed.
Federal Income tax:  $44
Social Security tax:  $23
Medicare tax:  $5
Health Insurance:  $24
What is the total amount of his deductions?

• $39

• $67

• $91

• $96

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7.13.E

Samuel, Rohan, and Abigail are part of a 12-member football team. If 9 out of 12 team members attended the practice session, what percentage of the team attended?

• 25%

• 50%

• 75%

• 65%

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7.4.D

Grace, Zoe, and Luna are on a treasure hunt and they find a tiny piece of gold that weighs .005 kilograms. If they want to express this weight as a fraction of a kilogram, how would they do it?

• 5/1000 kilograms

• 5/10 kilograms

Tags

7.4.D