4th and 2nd block

A set amount of income paid each month

• Income

• Salary

• Hourly Pay

• Deposit

The amount of money paid either monthly or biweekly

• Income

• Salary

• Hourly Pay

• Deposit

A set amount of income determined on how many hours an employee works

• Income

• Salary

• Hourly Pay

• Deposit

Something you need to sustain life

• a "want"

• a "need"

Something you desire or wish for

• a "want"

• a "need"

Lindsey got her first paycheck and noticed that she only took home $62.45 this week. She worked 10 hours and made $8 an hour.

How much did her employer withhold from her paycheck?

• 17

• 18.35

• 15.23

• 17.55

Michael is thinking about buying a car and is comparing two vehicles. One gets 15 miles per gallon (mpg) and the other gets 30 mpg. Assuming he drives 4,000 miles per year and gas is $3 a gallon, how much money would he save by buying the more fuel efficient car?

• 429

• 500

• 400

Jared anticipates working 10 hours a week during the 34-week school year. He will work 40 hours per week for the remaining 18 weeks when school is out. Assuming he makes $8 an hour, what is his forecast for income next year?

• 8480

• 8400

• 8000

Echo wants to put a $1,000 down payment on a car 10 weeks from now. She works about 10 hours per week at her current job. She brings home about $8 an hour after taxes are withdrawn from her check. Is it possible for her to save the $1,000?

• no

• yes

Assume your phone bill averages $45 a month and you have a car payment that is $140 per month. You also spend about $20 a week on food. How much are your monthly expenses?

• 265

• 271

• 271.50