You want to buy a more fuel-efficient vehicle instead of borrowing your mom’s car. Assuming you buy a hybrid that gets 48 miles per gallon (mpg) and your mom’s car only gets 20 mpg, how much will you save if you usually drive about 3,000 miles a year and the average price of gasoline is $4.09 a gallon? You can round to the nearest whole number.

On Saturday afternoon you got another employee to cover your shift so you could go swimming with your friends. You would have worked six hours making $11 an hour and the the swimming trip cost you $15. What was the opportunity cost to go swimming?

Assume you drink buy two sodas per week at the vending machine and they cost $1.50 each. How much money could you accumulate over the course of a year if you opt to save the money instead? Choose the most accurate answer.

If you decide to study two hours more a week during your senior year (~32 weeks) with the expectation of getting a $2,500 scholarship to college, about how much is your study time worth per hour? Round your answer the nearest whole number.

You want to calculate your net worth. You have a car that you could sell for about $6,000 according to Kelly Blue Book, $1,100 in your checking account, and $100 in cash. However, you still owe $1,200 on the car loan and a balance of $122 on your credit card. What is your net worth?

You are looking to buy a vehicle that is priced at $19,500. If you want to save 20% of the purchase price for a down payment, how much will you finance?

You are looking to buy a vehicle that is priced at $19,500. If you want to save 20% of the purchase price for a down payment, how much will you need to save for the down payment?

Assume you work a full work week (40 hours) and make $11.50 per hour. How much is your gross annual income?

Using the 50/30/20 rule, how much money should you save in one year if you earn about $300 a week in net pay?

You intend to save $250 a month for the next 24 months to purchase a small fishing boat. However, after 12 months you have only managed to save $1,800. How much will you now need to save per month to meet your original goal in the same time frame?

You are trying to accurately calculate your budget. Your phone bill averages $40 a month and you have a car payment that is $200 per month. You also spend about $150 a week on food. How much are your monthly expenses?

Remember, to accurately translate a weekly expense to a monthly expense use the following equation: (weekly expense) x 52 / 12 = (monthly expense)

You make about $300 a week and you want to buy a car with an expected payment of $320 a month. Is that a feasible goal? Assume that spending more than 25% of your take home pay is not feasible.

Remember, to accurately translate a weekly expense to a monthly expense use the following equation: (weekly expense) x 52 / 12 = (monthly expense)

You are trying to determine your net worth. You own a car, a small house, you have a checking account, a savings account, and two credit cards. Your car is worth about $6,000 and is paid off. Your house is valued at $150,000 and you still owe $63,000 on the mortgage. Your savings account is at $5,536 and your checking account is at $567. Your two credit cards are at $723 and $350. What is your net worth?

You are a teacher and you want to make more money, so you're thinking about getting your master’s degree in education. You estimate that it will cost about $9,100 a year for two years to get your degree. You plan to still work as much as possible and don't expect this commitment will cost you any lost income. When you finish your degree, you will get a $4,000 a year raise. How many years will it take you to recover your investment?

Right at the start of 2021 you got a great new job making $180,000 a year. How much did you pay in FICA taxes if the social security cap for 2021 was $142,800? Round to the nearest whole number.

You bought a stock five years ago for $1,400. You sold it this year for $2,000. How much capital gain will you be required to pay taxes on?

Your employer withheld $3,317 from your paychecks for federal taxes. After speaking to a tax professional they calculate your tax liability to be $3,771. What can you conclude?

After getting your first paycheck you see your gross pay was $400. How much in FICA taxes will be withheld from your paycheck?

The insurance policy provided by your employer has a $2,000 deductible and a 20% co-insurance. How much will you have to pay for surgery that will cost $8,770? Round to the nearest whole number.

You are trying to calculate your health care expenses for the year. Your insurance premiums are $141 per month. You've met your deductible of $1,000 and you also need to pay a 20% co-insurance on $2,200 for a minor accident. How much will your total health care expenses be this year?

After a yearly visit to the doctor you carry your receipt to the cashier. The amount billed was $152 and you have a $40 co-pay. How much will you be required to pay?

You just got a new credit card with a $4,000 limit. You were so excited you immediately went on a shopping spree and spent $1,300. Later that month you paid off $600 of that amount. How much can you still spend on your credit card?

You borrowed $2,500 from the bank to buy a home entertainment system. How much will you have to pay back in six months assuming the annual interest rate is 4.5% and you intends to pay the loan in full?

You were paying $192 a month for health insurance that had a $1000 deductible. If you dropped that coverage for a $62-a-month policy that had a $3,500 deductible, how long would it take you to save the $3,500 using the difference in premiums?