Financial Literacy

Review

Review

1. The financial record shows a middle school Spanish club’s income and expenses. What is the amount of available funds the Spanish club has after paying the catering company for their Cinco De Mayo fiesta?

• a. $93.90
• b. $152.15
• c. $589.05
• d. $151.85

2. Katelyn works at a marketing firm in a state that has no state income tax. Her pay stub for October is shown below. Which of the following statements is NOT true?

• a. Katelyn’s gross income is $4,258.00.
• b. Katelyn’s net income is $3,483.75
• c. Katelyn’s gross income is the amount of money she earned before taxes and deductions.
• d. Katelyn’s net income is the amount of money withheld from her paycheck.

3. The dot plot shows the number of curbside orders placed by several customers at a local grocery store for the month of August. What fraction of the customers placed 3 or more curbside orders?

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4. Amara needs to balance her budget for the month of July. What can she do to balance her budget?

• a. Increase her savings by $15
• b. Decrease her allowance by $5
• c. Increase her after school job by $5
• d. Decrease her savings by $15

5. Jace made a list of all the prime numbers between 10 and 30 as shown below. Which prime number is missing from Jace’s list?

• a. 14
• b. 17
• c. 21
• d. 27

6. Which is a true statement about the advantages of certain methods of payment?

• a. You can use a credit card to get cash back.
• b. Electronic payments are susceptible to identity theft.
• c. A check provides a record of your payment.
• d. You can buy now and pay later with a debit card.

7. Which graph includes only points that follow the rule y = x + 7?

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8. The Tanner family has a monthly net income of $4,775. The table shows their expenses for November, but the amount of money they spend on groceries is missing. What is the greatest amount of money they can spend on groceries and have a balanced budget?

• a. $730
• b. $670
• c. $570
• d. $675