Checkbook CBA

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You decided to go shopping for a camping trip you are going on soon. You find a jacket ($49.99), hiking boots ($35.99), and a tent ($250.00) on sale. The discount is 25% off the original price. Sales tax is 7%. What is your total bill?

• $271.35

• $269.63

• $335.39

• $302.17

Answer explanation

First, calculate the discounted prices: jacket = $37.49, boots = $26.99, tent = $187.50. Total before tax = $251.98. Add 7% tax: $17.64. Total bill = $269.63, which is the correct answer.

You currently have $542.67 in your checking account. You deposited your paycheck from work. ($8.78/hr for 40 hours) How much is in your checking after the deposit is made?

• $878.00

• $893.87

• $840.23

Answer explanation

First, calculate the paycheck: $8.78/hr * 40 hours = $351.20. Then, add this to the current balance: $542.67 + $351.20 = $893.87. Therefore, the total in your checking after the deposit is $893.87.

Use answer from question 2... You went to the store to buy some supplies for a beach trip. You bought 2 beach towels ($6.00 each), beach chair ($14.99), and some sunscreen ($12.50) plus 5% sales tax. How much is in your checking account after the purchase is made?

• $852.41

• $887.23

• $857.36

Answer explanation

Total cost: 2 towels ($12.00) + chair ($14.99) + sunscreen ($12.50) = $39.49. Adding 5% tax: $39.49 * 1.05 = $41.49. If starting balance is $893.90, then $893.90 - $41.49 = $852.41, which is the correct answer.

You paid your termite company $65.00 for the quarterly inspection. Would this be a withdrawal or deposit?

• withdrawal

• deposit

Answer explanation

The payment of $65.00 to the termite company is an expense, which means money is leaving your account. Therefore, it is classified as a withdrawal.

You bought lunch at a local hamburger restaurant for $6.56 plus 6% tax. How much did you pay?

• $6.95

• $6.66

• $7.12

Answer explanation

To find the total cost, calculate the tax: $6.56 * 0.06 = $0.39. Add this to the original price: $6.56 + $0.39 = $6.95. Therefore, you paid $6.95.