
Unit 3 Test Review Consumer Math
Authored by Shannon Saumweber
Mathematics
12th Grade
CCSS covered
Used 8+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a type of deduction that employees can choose to have deducted from their pay?
Social Security contributions
State income tax withholdings
Voluntary retirement savings
Federal income tax withholdings
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
FICA deductions are _________.
Mandatory and based on gross income
Optional and based on net income
Voluntary and based on gross pay
Mandatory and based on net income
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following statements about payroll deductions is true?
FICA and federal taxes are voluntary deductions
State and federal income taxes are fixed and optional deductions
Deductions such as FICA and federal income tax are mandatory
All deductions are discretionary and based on individual preferences
Tags
CCSS.6.RP.A.3B
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these is a fixed expense, that does not change from month to month?
Rent payment
Grocery shopping
Entertainment expenses
Travel expenses
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If you make $2,200 after deductions and your expenses total $2,800 for the month, what does this situation represent?
Budget surplus
Budget deficit
Balanced budget
Excess savings
Tags
CCSS.6.NS.C.5
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is it called when you make more money than you spend in a given period?
Deficit
Surplus
Overage
Excess
Tags
CCSS.7.NS.A.1C
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the concept of compound interest mean in finance?
Interest accrues at a fixed rate
Interest is calculated only on the initial amount
Interest grows exponentially based on accumulated interest
Interest does not accumulate until the end of the term
Tags
CCSS.7.RP.A.3
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
20 questions
Find the Slope and Y Intercept of the Graph
Quiz
•
9th Grade - University
15 questions
Long Written Work #1 for Business Finance
Quiz
•
12th Grade
20 questions
Math 7 (Module 2 Review)
Quiz
•
7th Grade - University
19 questions
模仿遊戲
Quiz
•
1st - 12th Grade
20 questions
Review Percents
Quiz
•
6th Grade - University
14 questions
Calculating Money
Quiz
•
3rd Grade - University
20 questions
G11-G12 Quiz Bee
Quiz
•
11th - 12th Grade
15 questions
Yr 11 Standard Mathematics Car Insurance
Quiz
•
11th - 12th Grade
Popular Resources on Wayground
7 questions
History of Valentine's Day
Interactive video
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
15 questions
Valentine's Day Trivia
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
Discover more resources for Mathematics
10 questions
Factor Quadratic Expressions with Various Coefficients
Quiz
•
9th - 12th Grade
5 questions
Triangle Congruence Theorems
Interactive video
•
9th - 12th Grade
15 questions
Exponential Growth and Decay Word Problems Practice
Quiz
•
9th - 12th Grade
20 questions
special right triangles
Quiz
•
9th - 12th Grade
20 questions
Interpreting Scatter Plots
Quiz
•
8th - 12th Grade
15 questions
Writing Ratios
Quiz
•
6th - 12th Grade
21 questions
Apply Polynomial Multiplication Techniques
Quiz
•
9th - 12th Grade
30 questions
Quad Properties Identify Only
Quiz
•
9th - 12th Grade