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Worksheets

Family Budgets

Total questions: 15

Worksheet time: 1hrs 10mins

Name
Class
Date
1.

The Dalton family is looking to move to San Antonio to be closer to family. What is the minimum monthly salary they will need after taxes?

a)

$1,965

b)

$2,410

c)

$2,340

d)

Not here

2.

The Dalton family is looking to move to San Antonio to be closer to family. They work a total of 270 hours per month, what is the minimum hourly wage they will need after taxes?

a)

$5.31

b)

$7.28

c)

$8.65

d)

$16.95

3.

The Martinez family is moving to Austin. What is the minimum monthly salary they will need after taxes?

a)

$1,965

b)

$2,340

c)

$2,410

d)

Not here

4.

The Salinas family is moving from Houston to live in Austin. Will Austin be more expensive to live in or less expensive to live in?

a)

More expensive by $70

b)

More expensive by $130

c)

Less expensive by $70

d)

Less expensive by $130

5.

The Gonzalez family is moving to Dallas. What is the minimum monthly salary they will need after taxes?

a)

$1,965

b)

$2,010

c)

$2,340

d)

Not here

6.

While Bea attends college, she is responsible for her personal expenses. Her family pays the remaining expenses. She estimates her expenses a month to be $350. She tutors 5 hours a week. How much does she needs to charge per hour for the tutoring money to cover her expenses? (HINT: 20 HOURS PER MONTH)

a)

$15.00

b)

$17.50

c)

$12.50

d)

$20.00

7.

Jonas estimates his expenses to be $865 a month. While attending college, he can only work part time so he is looking for a job that he can work about 12 hours a week. How much does he need to ear per hour to meet his expenses? (HINT: 48 HOURS PER MONTH)

a)

$18

b)

$17.50

c)

$25

d)

$22.50

8.

Mr. and Mrs. Williams have a monthly budget of $5,000. Mr. Williams is employed and earns $3,800 a month. Mrs. Williams works part time. If she averages 15 hours a week, how much will she need to ear per hour to earn a sufficient amount for the family to meet its budget? (HINT: $5,000 - $3,800 divided by 60 hours per month)

a)

$20

b)

$23

c)

$25

d)

$15

9.

Kate's family's monthly budget with expenses is shown. Which equation can be used to determine , y, the minimum yearly salary Kate's family must earn.

a)

y = 3,600 × 12y\ =\ 3,600\ \times\ 12

b)

y = 3,600 ÷ 7y\ =\ 3,600\ \div\ 7

c)

y = 3,600 × 4y\ =\ 3,600\ \times\ 4

d)

y = 3,600 ÷52y\ =\ 3,600\ \div52

10.

The table summarizes the Van family's monthly expenses separated into 3 categories. According to the information in the table, what is the minimum annual salary that the Vans need in order to meet their needs?

a)

$16,274.16

b)

$49,018.92

c)

$70,828.92

d)

Not here

11.

Mr. and Mrs. O'Reilly are a married couple with no children. They have an estimated monthly expenses of $3,878. What is the minimum annual salary Mr. and Mrs. O'Reilly make in order to meet their expenses? (HINT: multiply by 12 months)

a)

$23,268

b)

$40,563

c)

$46,536

d)

Not here

12.

A married couple moved to a big city and need to find a place to live. They each can afford $550 per month for housing expenses, including utilities. They looked at apartment choices as shown on the table. Which apartment can this married couple afford?

a)

II, III, and IV

b)

III and IV

c)

II and III

d)

I and II

13.

The circle graph represents Melanie's budget. If she works 40 hours per week, what is the minimum hourly wage to the nearest cent, that Melanie must earn in order to meet her needs? (HINT: 40 hrs x 4 weeks)

a)

$13.42

b)

$15.20

c)

$13.67

d)

Not here

14.

Clayton calculates that he has a minimum household budget of $5,600 per month. If he works 200 hours in one month, what is the minimum hourly rate Clayton needs to be paid?

a)

$28

b)

$20

c)

$24

d)

Not here

15.

Jack is not married and does not have any kids. He has an estimated monthly budget of $2,942. What is the minimum annual salary Jack must make in order to meet his budget?

a)

$20,546

b)

$30,403

c)

$35,304

d)

Not here