Budget and Affordability Quiz
12th Grade
•12 Qs
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Budget and Affordability Quiz
Quiz
•
Mathematics
•
12th Grade
•
Practice Problem
•
Easy
Standards-aligned
Rebecca Jones
Used 2+ times
FREE Resource
Enhance your content in a minute
12 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 1 pt
Tonya’s monthly income is $4750. Tonya is looking for a place to live & knows that she should follow the 25% rule for rent. She finds an apartment with a monthly rent of $1,100. Can she afford the apartment? Why or why not?
Evaluate responses using AI:
OFF
Tags
CCSS.6.RP.A.3C
2.
OPEN ENDED QUESTION
3 mins • 1 pt
You make $34,000 per year. According to your monthly budget, you spend $400 on groceries, $300 on your car payment, and $500 on other misc. items. You also pay 15% of your income on taxes. As you’re looking for a place to live, you find an apartment that is $1400 in monthly rent. Can you afford the apartment?
Evaluate responses using AI:
OFF
Tags
CCSS.6.RP.A.3C
3.
OPEN ENDED QUESTION
3 mins • 1 pt
Mr. & Mrs. Smith have a monthly income of $5300. They are looking for a place to live & find a house that will have a monthly mortgage payment of $1250. Knowing they should follow the 25% rule, can they afford it?
Evaluate responses using AI:
OFF
Tags
CCSS.6.RP.A.3C
4.
OPEN ENDED QUESTION
3 mins • 1 pt
Your annual income is $48,000. If you decided to follow the 25% rule & only spend 25% of your monthly income on rent, what is the maximum you should spend on rent each month?
Evaluate responses using AI:
OFF
Tags
CCSS.6.RP.A.3C
5.
OPEN ENDED QUESTION
3 mins • 1 pt
You make $23/hour and work 40 hours each week. This month you’re able to work 4 weeks. Assuming this is your normal schedule, can you afford a monthly rent of $850? Assume you follow the 25% rule.
Evaluate responses using AI:
OFF
Tags
CCSS.6.EE.B.7
6.
OPEN ENDED QUESTION
3 mins • 1 pt
Sonny & Cher have monthly income of $4800. They are looking for a place to live & find a place with a monthly rent of $1500. Knowing they should follow the 25% rule, can they afford it?
Evaluate responses using AI:
OFF
Tags
CCSS.6.RP.A.3C
7.
OPEN ENDED QUESTION
3 mins • 1 pt
You make $20/hour and work 40 hours each week. This month you’re able to work 4 weeks. Assuming this is your normal schedule, can you afford a monthly rent of $850? Assume you follow the 25% rule.
Evaluate responses using AI:
OFF
Tags
CCSS.6.EE.B.7
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