Unit 4 Planning Your Future Review

6

Drag the different scenarios to the correct term.

Car Value
Cash
Fancy Artwork
Home Loan

7.13.C

6

Match the vocabulary words with the correct definition.

Income Tax
Gross Income
Salary

5.10.A

2

Define gross income and net income.

the amount of money you get to keep after taxes
the amount of money earned before taxes.

Gross Income
Net Income

7.13.A

1

When you pay income taxes you deduct it from your gross pay.

7.13.A

1

A doctor has an annual income of $152,125. The income tax the doctor has to pay is 6%. What is the amount of income tax in dollars and cents that the doctor has to pay?

7.13.A

1

Type in your answer from question 3 in dollars and cents. Do not use the $ symbol.

7.13.A

1

When you find sales tax, you add it to the price of the item or items purchased.

7.13.A

1

When you shopping sales, you subtract the discount from the price of the item.

7.13.F

1

A backpack costs $75 and is on sale for 25% off. How much is the discount? (Round to nearest cent)
Type in your answer in dollars and cents. Do not use the $ symbol.

7.13.F

2

How much are the reductions taken from Elliot's earnings?

7.13.A

2

How much is Elliot's gross income?

7.13.A

2

How much is Elliot's net income?

7.13.A

1

What is the regular price of the record?

7.13.A

1

What is the sales tax amount in dollars and cents?

7.13.A

1

What is the total cost Sebastian will pay for the record player?

7.13.A

1

Find Mrs. Carrier's Net Income. Show your work.

7.13.A

1

Select your answer for Number 16, the previous question.

7.13.A

6

Decide whether the following items are Fixed or Variable Expenses.

Cousin's birthday present
groceries
Gas for your car
Utilities Bill (electricity, water, natural gas, etc.)

7.13.B

1

What is the sum of the Assets?

7.13.C

1

What is the sum of the Liabilities?

7.13.C

1

What is the Net worth?

7.13.C

2

7.13.C

1

David has a loan of $25,680. This loan has a simple interest rate of 5% per year. What is the amount of interest that David will be charged on his loan at the end of one year?

7.13.E

1

Type in your answer to the previous question here.

1

7.13.F

2

Using the answer from the previous question, which store has the "better buy"?

7.13.F

1

7.13.E

2

Type your answer to the previous question here.

7.13.E

Unit 4 Planning Your Future Review

Drag the different scenarios to the correct term.

Match the vocabulary words with the correct definition.

Define gross income and net income.

When you pay income taxes you deduct it from your gross pay.

A doctor has an annual income of $152,125. The income tax the doctor has to pay is 6%. What is the amount of income tax in dollars and cents that the doctor has to pay?

Type in your answer from question 3 in dollars and cents. Do not use the $ symbol.

When you find sales tax, you add it to the price of the item or items purchased.

When you shopping sales, you subtract the discount from the price of the item.

A backpack costs $75 and is on sale for 25% off. How much is the discount? (Round to nearest cent)Type in your answer in dollars and cents. Do not use the $ symbol.

How much are the reductions taken from Elliot's earnings?

How much is Elliot's gross income?

How much is Elliot's net income?

What is the regular price of the record?

What is the sales tax amount in dollars and cents?

What is the total cost Sebastian will pay for the record player?

Find Mrs. Carrier's Net Income. Show your work.

Select your answer for Number 16, the previous question.

Decide whether the following items are Fixed or Variable Expenses.

What is the sum of the Assets?

What is the sum of the Liabilities?

What is the Net worth?

David has a loan of $25,680. This loan has a simple interest rate of 5% per year. What is the amount of interest that David will be charged on his loan at the end of one year?

Type in your answer to the previous question here.

Using the answer from the previous question, which store has the "better buy"?

Type your answer to the previous question here.

Drag the different scenarios to the correct term.

Match the vocabulary words with the correct definition.

Define gross income and net income.

When you pay income taxes you deduct it from your gross pay.

A doctor has an annual income of $152,125. The income tax the doctor has to pay is 6%. What is the amount of income tax in dollars and cents that the doctor has to pay?

Type in your answer from question 3 in dollars and cents. Do not use the $ symbol.

When you find sales tax, you add it to the price of the item or items purchased.

When you shopping sales, you subtract the discount from the price of the item.

A backpack costs $75 and is on sale for 25% off. How much is the discount? (Round to nearest cent)Type in your answer in dollars and cents. Do not use the $ symbol.

How much are the reductions taken from Elliot's earnings?

How much is Elliot's gross income?

How much is Elliot's net income?

What is the regular price of the record?

What is the sales tax amount in dollars and cents?

What is the total cost Sebastian will pay for the record player?

Find Mrs. Carrier's Net Income. Show your work.

Select your answer for Number 16, the previous question.

Decide whether the following items are Fixed or Variable Expenses.

What is the sum of the Assets?

What is the sum of the Liabilities?

What is the Net worth?

David has a loan of $25,680. This loan has a simple interest rate of 5% per year. What is the amount of interest that David will be charged on his loan at the end of one year?

Type in your answer to the previous question here.

Using the answer from the previous question, which store has the "better buy"?

Type your answer to the previous question here.

A backpack costs $75 and is on sale for 25% off. How much is the discount? (Round to nearest cent)
Type in your answer in dollars and cents. Do not use the $ symbol.

A backpack costs $75 and is on sale for 25% off. How much is the discount? (Round to nearest cent)
Type in your answer in dollars and cents. Do not use the $ symbol.