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WorksheetsUnit 9 Review 4th Grade
Total questions: 14
Worksheet time: 42mins
Natalie sold duck shirts to help support her ducklings. Her expenses for supplies were $35.49. She sold 15 shirts for $5 each. What was her profit?
$60
$39.51
$75
$40.51
Ryan currently has $5,000 in his savings account. If he puts $100 into his savings each month for the next year, how much money will he have saved?
$6,000
$1,200
$6,200
$7,200
Mae works in a cafe. She is saving to buy a new phone and will need $960. If she is paid twice a month, how much money will Mae need to put back each paycheck to buy her phone in 1 year?
Mae should save $10 from each check
Mae should save $30 from each check
Mae should save $40 from each check
Mae should save $20 from each check
What is a sales tax?
a tax based on the value of propert
a tax required on goods and services
a tax charged on the money you earn
a tax paid by your employer based on your salary
Mrs. Brueland added a patio to her home. Which of the following best describes an effect of the added patio?
The amount of money Mrs. Brueland spent will be deducted from her pay as a payroll tax
All of Mrs. Brueland's neighbors will have to pay more in sales tax
Mrs. Brueland's income taxes will be affected by the amount of time spent building
Mrs. Brueland's property taxes will likely increase since the patio added value to her property
Olivia's salary has a gross income of $232 a month. She pays $23 in income tax and $11 in payroll tax. Which of the following shows how Olivia could determine her net income?
232 + 23 + 11 = $264
232 - 23 - 11 = $198
232 - 23 = $209
232 - 11 = $221
Which document is a summary of all the deposits and withdrawals as well as any interest earned on a bank account?
bank transaction
bank account
bank statement
bank book
What is the purpose of financial institutions such as banks, credit unions, and savings and loan associations?
Keep money safe
Lend money to people and businesses
None of these
Keep money safe AND lend money to people and businesses
What is net income?
The amount of money a person actually earns in a paycheck
The amount of money a person earns before taxes
The amount of money spent on fixed expenses
The amount of money spent on variable expenses
The amount of money that is paid for a regular expense that changes each month is what?
fixed expense
repeating expense
variable expense
changing expense
Which of the following is a tool used to manage money?
record keeping
budgeting
earning income
saving income
Going into debt, interest rates, and fees are all disadvantages of using what?
Debit cards
Checks
Electronic Payments
Credit cards
Some advantages to using a credit card include...
Building your credit score
Being able to pay for things you need when you do not have the money in your bank account
They are accepted almost everywhere
All of these answers are correct
What is the difference in a fixed expense and a variable expense?
Fixed expenses change from month to month while variable expenses stay the same.
Fixed expenses stay the same from month to month while variable expenses change from month to month.
Fixed and variable expenses are the same thing.
Fixed expenses cannot be budgeted for like variable expenses.
