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Business math review 4&5

Total questions: 23

Worksheet time: 12mins

Name
Class
Date
1.

Used to automatically transfer the amount of a sale to the store

a)

Check

b)

Debit card

c)

Credit card

d)

Cash

2.

Form used by taxpayers who claim no dependents

a)

Schedule A

b)

1040

c)

W-4

d)

W-2

3.

Amount remaining to be paid after the down payment is made

a)

Loan

b)

Assessed value

c)

Amount financed

4.

Amount of money in an account

a)

assets

b)

credit

c)

balance

d)

liabilities

5.

Employee's withholding allowance certificate

a)

Schedule A

b)

1040

c)

W-2

d)

W-4

6.

A loan where equal payments, usually monthly, are made over specified period of time

a)

installment loan

b)

credit score

c)

monthly payment

d)

commission

7.

An order for a bank to pay money

a)

debit

b)

check

c)

credit

d)

statement

8.

Property tax rate expressed in units per thousands

a)

dollar

b)

assessed value

c)

mils

d)

thousandths

9.

Pay before deductions

a)

gross pay

b)

net pay

10.

Percentage of a sale

a)

fractal dollar

b)

mils

c)

commision

d)

inflation

11.

check cashed by bank

a)

bounced check

b)

outstanding check

c)

credit

d)

cancelled check

12.

Increase in the money supply which results in higher consumer prices and higher taxes

a)

stock rise

b)

inflation

c)

bankruptcy

13.

Check not cashed by the bank

a)

outstanding check

b)

deposit

c)

canceled check

14.

A percentage of the market value of real estate

a)

installment loan

b)

assessed value

c)

market value

d)

amount financed

15.

____________________ is an income tax form that U.S. taxpayers use to report their itemized deductions, which can help reduce their federal tax liability.

a)

1040

b)

w-2

c)

Schedule A

d)

Schedule F

16.

Money given to show appreciation for a service done

a)

tip

b)

service charge

c)

wage bonus

17.

Wage and tax statement

a)

W-2

b)

Schedule A

c)

1040

d)

Schedule F

18.

Pay after deductions

a)

net pay

b)

gross pay

c)

gross profit

d)

net sales

19.

checking records

a)

ledger

b)

register

c)

general journal

d)

reconciling of bank statement

20.

true value of real estate

a)

assessed value

b)

market value

c)

loan

d)

proceed loan

21.

the number on a check that identifies the check

a)

deposit slip

b)

transit number

c)

follow-up number

22.

to make the checkbook register and bank statement agree

a)

register

b)

journalize

c)

check records

d)

reconcile

23.

the amount of money you receive in a discount loan

a)

register

b)

market value

c)

proceeds

d)

installment loan