Personal Financial Literacy

Mable works in an office as a secretary. Which factor would most likely affect the amount of money she is paid?

• The distance from her home to her place of work.

• The number of years Mable has worked in her job.

• The number of people in Mable's family.

• The neatness of Mable's desk.

Anvers decided to mow lawns for the summer. If he mowed 2 lawns per week, which factor would most affect the amount of money he is paid?

• The time of day he chooses to mow the lawns.

• The day of the week he chooses to mow the lawns.

• The number of hours it takes him to mow a lawn.

• The amount of money he charges for mowing each lawn.

William mows lawns during the summer to make extra money. Which factor would most likely NOT affect the amount of money that he will have at the end of the summer?

• The total number of lawns he mows in the summer.

• The number of houses in his neighborhood.

• The amount he charges for mowing each lawn.

• How much he must pay to cover expenses.

Which of the following would most likely affect the amount of money a person is paid?

• Special skills

• Level of education

• Years of experience

• All three

Mrs. Whitten is a server at a restaurant.

Complete the following sentence about her income.

The amount of money Mrs. Whitten makes

_________________

when she works more hours at the restaurant.

• increases

• decreases

• stays the same

Complete the statement.

A gain usually measured in money that comes in from labor, business, or property is called a(n) __________.

• income

• expense

• charity

• tax

Complete the statement.

Meagan is working at the snow cone shop for the summer. She will get paid each week and save $20. After 5 weeks she will have saved $100. She will continue to save $20 each week. This is an example of a good________.

• Lender

• Borrower

• Savings Plan

• Interest

Grant works each weekend at the baseball stadium. Which statement is most likely true?

• The more hours Grant works, the less he is paid.

• The more labor Grant provides, the more he is paid.

• When Grant provides less labor, he receives more pay.

• The fewer hours Grant works, the more he is paid.

Caden decided to mow lawns for the summer. If he mowed 2 lawns per week, and charged $20 per lawn, how much money would he make in 8 weeks?

• $40

• $160

• $28

• $320

Which of the following would NOT be considered a service?

• Hair Styling

• Car Repair

• Babysitting

• Clothing