WorksheetsConsumer Ed Semester Review
Total questions: 94
Worksheet time: 2hrs 34mins
Your income can change
True
False
_________ is the amount of money you earn working for 1 hour.
Period
Wage
Having a job means you earn a paycheck
True
False
Bi-weekly is an example of a pay period.
True
False
Income is money
True
False
A pay period is a length of time between paycheck.
True
False
Net pay is how much money you earn after taxes are subtracted.
True
False
When you deposit your paycheck into your check account, you are ______ money
Adding
Subtracting
An hourly rate is how much money you earn for working 1 hour
True
False
A pay period is how much money you earn for working 1 week.
True
False
How many hours do you work a week if you are part time?
0-2
4-35
What is the lowest amount of money that an employer can pay you for working 1 hour?
Minimum Wage
Pay Rate
Income is money you earn from working
True
False
The money you earn from working is given to you through a
Pay rate
Paycheck
How many hours per week is full time?
4-35 hours
36-40 hours
Gross pay is the money you earn _________ taxes are subtracted.
Before
After
You only need a budget when
you have a big amount of
money to spend
True
False
It is okay to overspend when
you are working with a
budget.
True
False
A budget is a plan for how to
spend…
True
False
Where would you use a budget?
Mowing the Lawn
Restaurant
Net pay is money you get..
After taxes
Before taxes
Where would you use a
budget?
Movie Theater
Cleaning the house
A budget is a ...
Plan
Bank
Where would you use a
budget?
Running
Grocery Store
Can a budget help you
manage your money?
Yes
No
Do budgets help you to spend
more money?
Yes
No
Budgets can be big or small
True
False
You can use a budget to help
you spend your income every
month.
True
False
What operation do you use
when deciding if you are
within budget?
Division
Addition
What expense would be in
your monthly budget?
Exercise Schedule
Food
A budget helps you to not
overspend.
True
False
Using a budget is a good way
to manage your money.
True
False
Everyone should save money
from each paycheck.
True
False
You can open a savings
account at a ___.
Bank
Business Office
Savings accounts earn
interest.
True
False
People should save __ of their
income.
10%
15%
How old do you have to be to
open a savings account?
18
21
Any Age
Interest is money you
give the bank for having your
money in an account there.
True
False
You can withdraw money from
a checking account and
deposit it in a savings
account
True
False
Convert this percent to a
decimal 10%
(a)
You should record all deposits
and withdraws on to your
account register.
True
False
To find the % of an amount
you should 1st convert the %
into a decimal.
True
False
If you ___ money, then you
are adding it to the account
Deposit
Withdraw
Find 10% of $34.98
(a)
A savings account will not
keep your money safe.
True
False
To find the % of an amount,
you should multiple the
decimal value by the starting
amount.
True
False
A check is a _______ form of
payment
Paper
Plastic
Which section is NOT found on
a paper check?
Time of Purchase
Payee
Which section is NOT found on
a paper check?
Signature
Cashier's Name
Which term means- money
goes into the account?
Deposit
Withdraw
Which term means- money
comes out of the account?
Deposit
Withdraw
How many times do you have to write the amount of money you are paying out on a check?
Once
Twice
Can an ATM give you cash from your checking account?
YES
NO
Can an ATM deposit a paycheck into your checking account?
YES
NO
Are debit cards linked to checking accounts?
YES
NO
What is the purpose of a check register?
Record transactions
Show organization skills
The person you are writing a check to is called the …
Payee
Recipient
Online banking can help you pay your bills online from your checking account.
Yes
No
If your money is in a checking account at a bank then it is safe.
True
False
After you write a check you don’t always have to complete the check register.
True
False
Your signature should be written in cursive.
True
False
A checking account and savings account are the same thing.
True
False
_____ pay is the money you get BEFORE you pay income tax
Gross
Net
Every state has income tax
True
False
Gross = Whole
True
False
______ pay is the money you get after you pay income tax.
Gross
Net
Net pay is the same thing as gross pay.
True
False
What service does income tax help pay for?
Parks
Resturants
Paying income tax is NOT required
True
False
Income tax is the money you give to the government
True
False
State/Federal, Social Security, and Medicare tax are all deducted from paychecks.
True
False
Income tax increases how much money you can spend.
True
False
What service does income tax help pay for?
Teacher
Fire Department
You can use a website to help calculate how much income
tax affects your paycheck.
True
False
Deduct means to ...
Subtract
Increase
Income tax is a part of every Deduct means to…
paycheck.
True
False
Income tax is a _ of your
income.
>
%
Income tax helps pay for services we think are free.
True
False
Which of the following is a
type of discount?
Refund
BOGO
Is a discount a way for
shoppers to save money?
Yes
No
You should calculate the
discount before buying the
product.
True
False
Which of the following is a
type of discount?
% Off
Money Back Guarantee
What is a subtotal?
Total Before Taxes
Total After Taxes
Which operation do you use
when calculating a discount?
Addition
Subtract
Do smart shoppers look for
discounts?
Yes
No
Calculate the total AFTER the
discount: 10% off $9.00. INCLUDE DOLLAR SIGN
(a)
Calculate the total after the
discount:$25 off of $100
$75.00
$125.00
What piece of paper shows the
calculations for a purchase?
Receipt
Coupon
A percent (%) is a part of a
whole.
True
False
A discount on a purchase will
lower the cost.
True
False
Which operations used when
calculating a discount?
Multiplication
Division
Dollar off coupon means you
save a specific amount of
money, no matter how much
you spend.
True
False
BOGO means you have to buy
at least 2 of the product to
get the discount.
True
False
Where can discounts be
found?
Social Media
Sales Associates
