WorksheetsBanking & Managing Money Review
Total questions: 20
Worksheet time: 24mins
When choosing a bank, you should look for one that...
gives the best quarterly gifts.
has the lowest fees and meets your needs.
your friends and family use.
has the newest and nicest building.
Please choose the correct vocabulary word for the following definition:
slip of paper the bank gives you that shows how much money you have in your bank account
deposit
balance
receipt
fee
Please choose the correct vocabulary word for the following definition:
money put in the bank
deposit
balance
receipt
fee
Please choose the correct vocabulary word for the following definition:
charge against you from the bank for performing services for you
deposit
balance
receipt
fee
Please choose the correct vocabulary word for the following definition:
the amount of money in an account
deposit
balance
receipt
fee
When you open a checking account, you must put money in the bank.
True
False
Banks may pay you interest on checking and savings accounts.
True
False
Banks never charge fees if you have an account with them.
True
False
Who is being paid?
Jane Doe
Friends
ACME Grocery Shop
Who is the payee?
Jane Doe
Friends
ACME Grocery Shop
What is the amount the check is written for?
$8.15
$8.51
Eight dollars and fifty-one cents
Eight dollars and fifteen cents
Jamie has $15.47 in her checking account. She deposited her paycheck from work that was $673.96. She then paid her cell phone bill ($84.97), her car insurance ($125.56), and bought a new book ($26.99). What is her checking account balance?
$543.85
$451.91
$387.37
$689.43
Please choose the correct vocabulary word for the following definition: a plan for spending money
budget
expense
gross pay
net pay
Please choose the correct vocabulary word for the following definition: the total amount an employee earns after taxes are deducted, take home pay
budget
expense
gross pay
net pay
Please choose the correct vocabulary word for the following definition: a payment you must make
budget
expense
gross pay
net pay
Please choose the correct vocabulary word for the following definition: the total amount an employee earns before taxes are deducted
budget
expense
gross pay
net pay
What is the best reason for staying on a budget?
To make sure you earn enough money.
To make sure you pay your taxes.
To spend more money.
To make sure you have enough money to pay your expenses.
Devin had $45.26 in his savings account. On payday, he deposited $459.32 into his checking account and $207.46 into his savings account. What is the new balance in his savings account?
712.04
$504.58
617.56
$252.72
Mike decided to start a budget. He had $100 to start. He set aside $35.00 for groceries, $10.00 for coffee, and $25.00 for gas. How much money does Mike have left in his budget for the rest of his expenses?
$30
$170
$20
$130
Peter is paid $13.50/hour. He worked 76 hours in the past two week. Before receiving his paycheck, Peter was taxed 13%. What is Peter's net pay?
$1159.38
$1026
$941.29
$892.62
