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Financial Algebra Chapter 5 Quiz part 2

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

In the picture is Crazy Castro's monthly income and expenses. what percent of crazy Castro's income spent on Vacations

a)

2.6%

b)

26%

c)

32.2%

d)

9%

2.
In the picture is Destinee's assets and liabilities. Calculate Destinee's net worth.
a)
$905,680
b)
$141,940
c)
$763,740
d)
$54564064
3.
Suppose $600 was Cassandra's entertainment budget. Determine how much should be budgeted for summer vacation.
a)
$240
b)
$600
c)
$160
d)
$80
4.
Suppose Eddie's total monthly income is $5,800. Determine of income for his primary job.
a)
$5,800
b)
$3,480
c)
$1,450
d)
$3,200
5.
Jewel's monthly budget is fuel - $240, insurance - $80, transportation - $200, parking garage - $120, repairs - $160. How much of her budget is repairs?
a)
10%
b)
25%
c)
15%
d)
20%
6.
In the picture is Thomas Flores' income and debt. What is Thomas' debt to income ratio?
a)
$8,300
b)
$4,900
c)
244%
d)
41%
7.

What percent of the total yearly amount was budgeted for warm-weather months of June-September?

a)

36%

b)

.36

c)

41%

d)

.41

8.

Suppose $1,500 was budgeted. Determine the amount budgeted for weekend trips

a)

$150

b)

$300

c)

$600

d)

$125

9.

Suppose the income from your secondary job was $1,200. What would the income from the primary job be?

a)

$4,800

b)

$2,880

c)

$720

d)

$1,200

10.

Two years ago, Bob’s net worth was $600,000. Last year, his net worth as $740,500. What is the approximate percent

of increase or decrease between two years ago and last year? rounded to the nearest percent

a)

140.5%

b)

32%

c)

23%

d)

19%

11.

What percent of her INCOME is

spent on food (including dinning out)? round to the nearest tenths place

a)

12.9%

b)

16%

c)

12%

d)

9.7%

12.

find the average electricity use

a)

$140

b)

$810

c)

$135

d)

$160