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WorksheetsPersonal Financial Literacy Quick Check M
Total questions: 10
Worksheet time: 5mins
In Texas the state sales tax rate is 6%. If Beth purchases a washing machine at $420.00, then how much will Beth pay in state sales tax?
$18.70
$25.20
$30.19
Jameson is seeking a loan with a simple interest rate of 3% per year. If he wants to borrow $8,000, then how much will he be charged in interest after 4 years?
$1,280.00
$960.00
$240.00
Margie has a $50.00 budget to purchase a $45.00 pair of boots. If there is an 8% sales tax rate, then how much under budget will Margie be?
$8.60
$5.00
$1.40
The Conner family has created a budget for their $3,000 monthly income. Based on the budget above, which
statement is not true?
the car accounts for 10% of the budget
the rent and savings account for more than 50% of the budget
savings accounts for 20% of the budget
Tameka is seeking a loan with a simple interest rate of 8% per year. If she wants to borrow $5,000, then how much will she be charged in interest after 24 months?
$9,600
$8,000
$800
A local gym offers specials on their regular $60 joining fee during the first three months of the year. Which statement about the discount on the joining fee is true?
• January: new members save 30% off the joining fee
• February: new members save $20 off the joining fee
• March: new members save ¼ of the joining fee
January has the best sale price of $30.
Members save $15 when they join in March.
February has the best sale price of $40.
Ian’s parents asked him to create a budget for his $1,000 monthly income. He determines that he would like to save the remaining amount. About what percent of his budget will go towards savings?
35%
63%
38%
Mrs. Mitchell is signing her son up for karate lessons. She has the following payment options. Which of the following statements is true?
If Mrs. Mitchell pays each week, then she will
spend $260 more than if she pays by month.
By paying in full for the year, Mrs. Mitchell will
save $80
The best value is the annual payment plan.
Mr. King is considering a new job. He and his wife sit down and create a list of their monthly expenses, as shown above. Which of the following annual salaries will meet his standard of living?
$35,000
$38,200
$42,600
Hayden is comprising a statement with all his financial assets and liabilities. The assets are shown as a positive number, and the liabilities are shown as a negative number. What is the balance of his savings account?
$1,260
$1,680
$600
