Free Printable Math IV 2nd Quarter Review

Worksheets

Math IV 2nd Quarter Review

Total questions: 16

Worksheet time: 8mins

Name

Class

Date

1. Yoshi is paid $20.00 an hour as a protector for Princess Peach at the Palace. His normal workweek is 40 hours. He is paid time-and-a-half for overtime. Find his gross earning for a week in which he worked 44 hours.

(a)

2. Lovme Summath is a receptionist in a doctor’s office and is paid $11.60 per hour for straight time and time-and-a-half for all hours over 40 worked in a week. Find her gross earnings for a week in which she worked 51 hours.

(a)

3. Find the gross earnings for the employee with the given pay stub.

(a)

4a. Weekly

(a)

4b. Biweekly

(a)

4c. Semi-Monthly

(a)

4d. Monthly

(a)

5. Find the gross earnings for the employee with the given pay stub.

(a)

6. Find the gross earnings for the employee with the given pay stub.

(a)

10.

8. Which of these credit card payback strategies would result in your paying the HIGHEST amount of interest?

Paying 20% of your credit card balance every month on time

Paying off your credit card bill in full every month

Making the minimum payment (3% of your credit card balance) every month on time

Making the minimum payment (3% of your credit card balance) every month with an occasional late payment

11.

9. Each of the following financial products will help you build credit history EXCEPT:

Secured credit card

Debit card

Home mortgage

Credit card

12.

10. Based on the Card Statement above, how much credit does this cardholder have available to use?

(a)

13.

11. Select all of the statements about credit cards are FALSE?

They can help you establish a credit history

Since they are tied directly to your checking account, they prevent you from spending money you do not have

If you need to carry a balance, the interest rates are generally quite low (less than 5%)

As long as you make the minimum payments it's like getting a short-term interest free loan

14.

12. Select all of the false statements below?

If you make the minimum payment on your card by the due date, the credit card company will not charge you interest.

If you pay your balance in full after the due date, the credit card company will not charge you interest.

If you pay your balance in full after the due date, you will be charged interest.

If you pay your balance in full by the due date, you will be charged interest.

15.

13. You see on a commercial that OrangeCo is offering a credit card with a 5% cashback program for all cardholders. Which question might help you evaluate how good this offer is?

Does the cashback program apply to all purchases or only specific types of purchases like gas and groceries?

Can I get a debit card along with a new credit card?

Who does OrangeCo use as their spokesperson in the commercial?

Do I still get the cash back even when I return my purchases to the store?

16.

14. Ashton needs to get his car fixed in order to get to work, and he doesn't have an emergency fund or enough cash in his account to pay for the repair, which costs $975. Which option below is likely the WORST financial decision to solve his problem?

Take out a home equity loan

Obtain a loan through a peer-to-peer lending website

Put the repair on his credit card

Take out a payday loan

100 %

Math IV 2nd Quarter Review

Total questions: 16

Worksheet time: 8mins

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