5.21 Semester Exam Review- Day 2

What do we call the amount left over from your paycheck after taxes and deductions?

• balance
• gross balance
• transaction
• net pay

A plan for spending

• income
• expenses
• sales tax
• budget

Which is an example of a variable expense?

• car payment
• mortgage
• electricity bill

Which type of expenses are these, rent, car payment?

• Crazy bills
• Variable expense
• Fixed expense

money earned or received

• Expenses
• Income
• Deductions
• Check

the total amount of personal income before taxes and deductions 

• Net Income
• Gross Income

Dulce has $9 in the bank. She withdraws $3. Later, she deposits $4. How much money does Dulce have in the bank now?

• $9

• $16

• $10

Amarise's salary has a net income of $235 per week. If she pays $30 in income tax and $15 in payroll tax, how could Juliette determine her gross income? Why?

• 235 – 30 – 15 = $190 Net income minus all deductions equals gross income.
• 235 + 15 = $250 Net income plus payroll tax deductions equals gross income.
• 235 + 30 = $265 Net income plus income tax deductions equals gross income.
• 235 + 30 + 15 = $280 Net income plus all deductions equals gross income.

Gwen bought an old table. She repaired it and painted, and then sold it. Gwen made this list about what she did.
• Price paid for old table: $10.00
• Cost to repair: $5.00
• Cost to paint: $7.50
• Selling price: $50.00
What was Gwen’s profit from selling the table?  

• $27.50
• $50.00
• $22.50

Andrei purchases 1 ticket to Birmingham's play titled, Mr. Birmingham. The cost is $7.21. He pays with $20.00. What's his change?

• $11.79

• $12.79

• $7.21

• $20.00