Unit 8 Test Review (23-24)

Mrs. Tuita is trying to keep a balanced budget.

What could she do to balance her budget as shown?

• Decrease her budgeted amount for bday gift by $50

• Increase her budgeted amount for savings by $50

• Decrease her budgeted amount for gas by $25 and her budgeted amount for savings by $25

• Increase her budgeted amount for her paycheck by $25

One advantage of using a debit card to make purchases is that purchases can be made quickly and easily.

• TRUE

• FALSE

One advantage to using a debit card to make purchases is that consumers can purchase things now, and pay for them later.

• TRUE

• FALSE

One advantage of using a debit card to make purchases is fees and interest may be charged.

• TRUE

• FALSE

Mateo takes his sister to 7-11 to buy slurpees and chips. He buys 2 slurpees for $3 each and a bag of chips for $4. He brought $10 to pay for the items, but finds out he doesn't have enough money because he still needs to pay for the tax. What type of tax does Mateo need to pay?

• Sales Tax

• Property Tax

• Income Tax

• Payroll Tax

The table shows Kaho's expenses for the month of April. If Kaho earns $100 each week working at Cane's, how much money is left in his budget each month?

• $170

• $270

• $70

• $130

Ivi is planning to buy a new cell phone for herself for Christmas. So far she has $200 saved. She plans to earn $20 a week for 3 months doing chores. With this savings, what is her budget for her new cell phone?

• $240

• $260

• $440

• $60

Alisi got a job lifeguarding at her neighborhood pool and plans to work 20 hours each week. She will get paid $12 per hour. Each week her employer takes $24.75 from her paycheck for taxes.

What is Alisi's Net and Gross Pay for one week?

• Net: $95.25

  Gross: $120

• Net: $120

  Gross: $95.25

• Net: $240

  Gross: $215.25

• Net: $215.25

  Gross: $240

Sales Tax is a government tax required on goods and services.

• TRUE

• FALSE

Sales Tax is a tax on retail products based on a set percentage of retail cost.

• TRUE

• FALSE