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WorksheetsHousing Unit Summative Review
Total questions: 25
Worksheet time: 13mins
1. If Sara’s gross earnings are $3,258 and her deductions are $51.97, $76.52, and $58.23, what is her net pay?
$186.72
$3,071.28
$3,444.72
$3,129.51
Kayla is a waitress at Applebees. She earns $3.25 an hour plus her usual 20% for tips. This weekend she worked 10 hours and served $1,200 worth of meals. What was Kayla's total earnings?
$357.50
$12,000.65
$7,800
$272.50
Benji worked 48 hours. He makes $9.00 per hour for the first 40 hours and time and a half for any overtime hours. What is Benji's regular pay and overtime pay? (not total pay)
$360
$108
$540
$432
$648
Aaliyah earns $4.25 for each purse she stitches. She can stitch 3 purses an hour. What is her total pay if she works for 8 hours?
$102
$12.75
$34
$125
Spencer earns $225,000 annually. How much does he earn a month and a week?
$4,687.50
$4,326.92
$22,500
$18,750
$4,500
Kelvin earns 50% commission each house he pressure washes. His business charged $200 to clean a certain house. How much did Kelvin earn for pressure washing that house?
$50
$200
$100
$150
Your gross monthly pay is $3,600, what is the maximum you should spend a month renting an apartment?
$720
$86,400
$7,200
$1,008
Kaylee earns $75,000 annually. What is the maximum her should spend monthly on renting an apartment?
$6,250
$1,750
$150,000
$3,500
What are the move-in costs if Adam agreed to pay a security deposit of 2 months rent and a rental agent fee of 50% of a month's rent. His apartment will cost him $1,050 a month.
$2,100
$3,150
$2,625
$1,675
If Kim earns $58,000 a year, what is the most she should borrow to purchase a house?
$58,000
$16,240
$100,000
$116,000
Jason's annual income is $67,000. He has saved $35,000 for a down payment. What is the most Jason should spend on a house?
$169,000
$134,000
$137,000
$102,000
Last year Tyreek's house was valued at $135,000. It appreciated 5% this year. What is it current value this year?
$6,750
$148,837.50
$67,500
$141,750
Your house is value at $175,500. It will depreciate at -2% each year. What will the house's value be in 2 years?
$171,990
$182,590.20
$179,010
$168,550.20
Sammie is purchasing a house for $135,000. The bank is requiring she has a down payment of 20%. What is the amount of her mortgage?
$27,000
$108,000
$135,000
$162,000
Keasia is putting 15% down on her condominium which cost $115,750. What is the amount of her down payment?
$17,362.50
$98,387.50
$23,150
$92,600
You are getting a mortgage of $90,000 at 5.5% (per $1,000) for 30 years. What is your monthly mortgage payment?
$511.20
$4,950
$412.50
$148.50
What are the closing costs if the mortgage of $75,000 requires 3 points, $500 in attorney fees, and $235 title fees?
$738
$2,250
$2,985
$735
Jaylin's house has a market value of $85,000. The assessment rate is 70%. The real estate tax is $2.35 per $100. What is the annual real estate tax?
1,398.25
$595
$59,500
$1,997.50
If your home is insured for $59,000, what is the amount of additional living expenses coverage provided by the home insurance policy below.
Other structures are insured at 10% of the house replacement value.
Personal property is insured at 50% of the house replacement value.
Additional living expenses are insured at 20% of the house replacement value.
$70,800
$29,500
$5,900
$11,800
June's electric meter reading was 56,702 kWh. July's meter reading was 64,258 kWh. If electricity cost $0.0534 per kWh, what is the total electrical cost for the amount of electricity used in that month?
$250.49
7556
$403.49
$322.54
If 222 hundred cubic ft of gas was used this month and the cost of gas per 100 cubic feet is $0.524, what is the cost of gas this month?
$116.33
$1.16
$11,632.80
$1,163.28
Abraham used 4,737 cubic feet of water this month. If the cost of water per 1,000 cubic feet is $13.29, how much is the water bill?
$62.95
$4.74
$629.55
$53.16
Which is the best reason to get an adjustable and lower interest rate mortgage?
You will have a lower interest rate.
You will have a lower monthly payment.
You plan on moving within a few years and will have a lower monthly payment until then.
You will pay off your mortgage faster.
How much more will it cost you, monthly, to assume the 20-year loan instead of the 30-year one?
$775
$657
$118
$1,432
Assume that you pay down whichever mortgage you choose, all the way to the end of the term. How much less interest will you pay, over the life of the loan, by getting the 20-year mortgage instead of the 30-year one?
$51,836.41
$114,225.79
$62,389.38
$176,615.17
