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Worksheets

Personal Financial Literacy

Total questions: 15

Worksheet time: 1hrs 24mins

Name
Class
Date
1.

Rolando is participating in a fundraiser to earn money for soccer equipment. He collected $250 from selling stickers. After calculating the expenses, he found that he made a profit of $175. How much were his expenses?

a)

$39

b)

$44

c)

$75

d)

$76

2.

Valery and Audrey baked cookies to sell. For each cookie, they spend $0.75 on toppings and $0.89 on packaging. If they sold one cookie for $2.00, how much profit did they make on each cookie?

a)

$0.45

b)

$0.99

c)

$1.64

d)

$0.36

3.

Angelica makes and sells earrings as a way to earn extra money. The money she gets is considered _______.

a)

Needs

b)

Wants

c)

Income

d)

Expenses

4.

At the end of the month, the money Tam hasn't spent is called his ________.

a)

Spent quickly

b)

Income

c)

Savings

d)

Expenses

5.
Flat tire repair -
a)
Fixed expense
b)
Variable expense
6.
Monthly Netflix bill
a)
Fixed expense
b)
Variable expense
7.

Adrian's older brother has a job and drives a car. The money he earned and spent last week is shown below. What were the total variable expenses?

Earned-- $115.26

Car Payment--$58.74

Gas for work --$27.50

Snacks--$6.28

Movie--$6.50

a)

A. $6.28 + $6.50 + $27.50 = $40.28

b)

B. $115.26 + $58.74 = $174.00

c)

C. $58.74 + $27.50 + $6.28 + $6.50= $99.02

d)

D. $115.26 +$ 6.50 = $121.76

8.

Ja'Kayla is making peanut butter and jelly sandwiches. Each single serve pack of peanut butter and jelly cost $0.50. The two slices of bread cost $0.25 for each sandwich. If she decides to hand her sandwiches out for $1.50 each, how much profit will she make on each sandwich?

a)

$1.50

b)

$0.50

c)

$0.75

d)

$1.00

9.

Noah and Ronnie are selling their homemade cupcakes for $3.50 each. For the cupcakes, they need a cupcake liner for $0.99 each and sprinkles for $1.29. How much profit will they make from each cupcake?

a)

$3.50

b)

$2.28

c)

$4.00

d)

$1.22

10.

Adam is helping his dad calculate his expenses. He found that his dad's profit is $35 for each chair he sells. If his dad sells 3 chairs and makes $130, how much are his expenses for the 3 chairs?

a)

$45

b)

$25

c)

$36

d)

$99

11.
What is the extra money that you must pay back to the bank on a loan called? 
a)
Savings
b)
Fixed Expense
c)
Interest
d)
Budget
12.
What is it called when you put money in your bank account? 
a)
Writing a check
b)
Deposit
c)
Variable Expense
d)
Weathering
13.
Why would you put your money in the bank?
a)
It's safer because it is insured
b)
To make more money by earning interest
c)
All of the above
14.

Kailey was dying for some new pink sparkly boots. She wanted to use some of the $75.00 her grandmother gave her for Christmas. She asked her mom to get $30 out of the bank for her. Kailey's mom made a _____________ from her account. She has $________ in her account.

a)

deposit $105.00

b)

withdrawal $45.00

c)

deposit $45.00

d)

withdrawal $105.00

15.

Caitlin made a deposit into her account. She now has $148.63 in her college savings account. The bank will pay her $4.23 every six months in interest. How much money will she have next year at this time?

a)

$140.17

b)

$144.40

c)

$152.86

d)

$157.09