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WorksheetsFinancial Math review
Total questions: 16
Worksheet time: 6mins
Johnny makes $60,000 a year. He pays $15,000 in taxes, $5000 in retirement, and $5000 in everything else. He takes home $35,000. What is his gross pay?
$5,000
$35,000
$15,000
$60,000
Nov 25 and 26 (Sat and Sun) of this year is what?
This weekend
Next weekend
Neither
Which account is AFTER tax (therefore no tax on withdraws)?
ROTH
IRA
401k
HSA
When do you fill out a w-4?
After you're hired but before you start working
Before you are hired
After you start working
Only salaried workers fill out a w-4
Who pays for social security and medicare taxes?
The employer and you
The employer
You
All 4 people below wish to save for retirement. Who will have the most money by age 65?
Kid, who started at 18 and saved $50/month until age 65.
Guy, who started at age 28 and saved $100/mon until age 65.
Helena, who started at age 38 and saved $200/mon until age 65.
Nancy, who started at age 48 and saved $500/mon until age 65.
Filling out a w-4 will affect your...
Federal taxes
Local taxes
State taxes
All of the above
Of the following students, who do I not have this school year?
Hazel
William
Nhat
Akiyah
Rasandi
Of the past 25 years which cost has risen the greatest?
College tuition
home buying
groceries
cost to buy a car
inflation
What does it mean when interest is compounded daily?
The interest is calculated every business day for the entire year
The interest is calculated 365 times per day
The interest is calculated 365 times a year
Not enough information
Which of the following students do I have the most of this year in all my classes?
John/Jon
Sophia/Sofia/Sofea
Miguel
Jasmine/Jazmyne/Jazzmine
What is a standard deduction?
The amount of income in which you owe no taxes on
The amount of money you can deduct if you itemize
The amount of money you owe taxes on
The amount of money you would get as a refund
A debit card...
...links directly with your checking account
...links directly with your credit card account
...links directly with your bank, which then links with your checking account
...links directly with your savings account
Which name do I have all of in my classes? That is, if the name is Mark I have all the Marks in the building in my classes.
Julia
Hayden
Tony
Maria
Why is it important to categorize any money you bring in?
You'll know how much to save for your vacation
Any money not categorized could be used recklessly
It's easier to organize on a spreadsheet
You'll know how much money you've earned
What does the 50/30/20 rule say about 30?
30% of your money should go towards debt payments
$30 should go towards debt payments
30% should go towards treating yourself such as vacations and wants
30% should go towards the mortgage and bills
