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WorksheetsTest 1 Review
Total questions: 15
Worksheet time: 53mins
Name
Class
Date
1.
Rational numbers are number that can be written as a:
a)
table
b)
simple fraction
c)
letter
d)
subset
2.
The following is an _____________ fraction: 43/7
a)
mixed
b)
improper
c)
proper
d)
simple
3.
_____________ is money received for a service or work.
a)
tax
b)
income
c)
sales
4.
Convert the following tax rate into a decimal: 7%
a)
0.7
b)
0.07
c)
7.0
d)
0.007
5.
Simplify the fraction: 28/60
a)
8/15
b)
7/15
c)
3/5
d)
2/3
6.
The following is a _____________ number: 2 5/8
a)
Mixed
b)
Improper
c)
Proper
d)
Ratio
7.
Assets are things of ____________ value that you own.
a)
Positive
b)
Negative
c)
Neutral
8.
Liabilities are _________ you owe.
a)
Debts
b)
Assets
c)
Sales
9.
Convert the following tax rate into a decimal: 5.25%
a)
0.0525
b)
0.525
c)
5.25
10.
Net worth are assets _________ liabilities.
a)
Plus
b)
Minus
c)
Divided by
11.
Determine whether the following is an asset or liability: Certificate of Deposit
a)
Asset
b)
Liability
12.
Determine whether the following are assets or liabilities: Mortgage
a)
Asset
b)
Liability
13.
Solve: 1/2 + 1/4
a)
3/4
b)
2/3
c)
4/5
14.
Determine the income tax:
Tax rate: 6%
Income: $45,000
Tax rate: 6%
Income: $45,000
a)
$2,700
b)
$3,000
c)
$2,500
15.
If you have $340.25 in your checking account and write a check for $525.30, what is your new balance?
a)
$185.05
b)
-$185.05
c)
$175.05
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