Unit 1 Review

Mr. Barrett bought a new battery for his car. The battery cost $72. Since batteries are a taxable item, he had to pay a sales tax of 7.5%. What was the total cost of the battery in dollars and cents?

• $79.50

• $5.40

• $77.40

• $66.60

Sales tax is __________ to the price.

• subtracted
• added
• multiplied
• divided

Jessica is wanting to buy a $10.00 box of candy. The sales tax is 5%. How much is the total for the candy?

• $15.00
• 11.00
• $12.00
• $10.50

Assets are things that ....

• bring money to your bank account

• take money out of your bank account

Liabilities are things that ....

• bring money to your account

• take money out of your bank account

A family car is your ....

• asset

• liability

Your house is a/an....

• asset

• liability

Match the vocabulary words with the correct definition.

• Money you own -the money that you owe...

• Net Worth

• Value if things you own

  "Positive"

• Assets

• Debts that you must repay

  "Negative"

• Liability

Tags

7.13.C

Determine whether each item is an asset or liability.

Groups:

(a) Assets

,

(b) Liabilities

• Investments

• Student loans

• Personal Loans

• Mortgage

• Savings

• Money in checking account

• Home Equity Loans

• Owned Vehicles

• Credit cards

• Owned home

• Car loans

• Retirement Money

Tags

7.13.C

Use KCF to rewrite the following problem

 $\frac{2}{9}\div3\frac{3}{5}$  

•  $\frac{2}{9}\times\frac{18}{5}$  

•  $\frac{2}{9}\times\frac{5}{18}$  

•  $\frac{9}{2}\times\frac{5}{18}$  

•  $\frac{2}{9}\times\frac{5}{3}$  

•  $\frac{2}{9}\times3\frac{5}{3}$