OL PFL Review

Jin's total assets are $8,794.  Her liabilities are $2,670 in credit card debt and $3,622 for a student loan.  What is her net worth?

• $6,124
• $15,086
• -$4,328
• $2,502

Net worth is found by

• subtracting expenses from income
• dividing monetary assets by current liabilities
• subtracting liabilities from assets
• dividing monthly debt by monthly income

The table below shows Claude's assets and liabilities.  What is the total value of his assets?

• $24,950
• $25,420
• -$24,950
• $50,370

Sam bought an $85.00 jacket for 40% off of the regular price.  How much did he pay for the jacket? 

• 75
• 51
• 36
• isaiah

If Ryan's take-home pay is $3600, what percentage does he pay for rent if rent is $900.

• 25%

• 4%

• 0.04 %

• 0.25 %

Which equation can be used to determine y, the minimum amount of money a family must earn to meet the requirements of this budget for one year?

• y = 3,600 × 12

• y = 3,600 ÷ 7

• y = 3,600 × 4

• y = 3,600 ÷ 52

The Bowmans have a monthly income of $5,000. Which expense makes up 20% of their budget?

• Mortgage

• Food

• Utilities

• Retirement Savings