4.0 Unit Exam - Jennifer Pariseau | Biblioteka

6

Maurice makes $25 an hour. His work hours vary, and he has kept track of his hours in the table below. Use the table below to calculate Maurice's average hours worked & average gross monthly income. Round your answer to the nearest whole dollar.

Average Hours Worked

$ Average Gross Monthly Income

Upload your Desmos Screenshot to show your work.

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3

If Joshua makes $3,500 per month in take-home pay and utilizes the 50/30/20 method of budgeting, how much would he be putting toward his wants every month?

Upload your Desmos Screenshot to show your work.

3

Which piece of advice about budgeting for variable expenses is most useful?

Aim to reduce your variable expenses to $0 on your budget because they are always “wants”

Track your variable expenses for a few months to find your average monthly costs

Do NOT budget for variable expenses, since they only make 5% of total spending on average

Focus on budgeting for fixed expenses because they are easier to change

3

Which of these statements accurately describes fixed expenses in a budget?

They are often hard to change and they usually make a small impact on your budget

They are often easy to change and they usually make a small impact on your budget

They are often hard to change and they usually make a large impact on your budget

They are often easy to change and they usually make a large impact on your budget

3

Jennifer is 46-year-old, married, and a mother of 2 middle schoolers and 2 in college. James is a 27-year-old single dad to a toddler. Would their wants be the same or different? Would their needs be the same or different? Why?

3

Nadia wants to earn a total of at least $300 per week from her job doing nails (x) and working at Tropical Smoothie (y). The graph of the inequality represents this scenario. Kayla could work all of the following work combinations to meet her goal, EXCEPT...

(8,6)

(4,8)

(10,10)

(10,4)

3

You are completing calculations on spreadsheet below and write the formula =C4*D4. What value will result?$ Round to the nearest penny.

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3

Which of the following equations should be typed into cell B13 to calculate the total expences for this budget?

=ADD(B2:B13)

=TOTAL(B2:B13)

=SUM(B2+B13)

=SUM(B2:B11)

3

Which of the following sets of inequalities is represented by this graph?

3

Which of the following points is a solution to the system graphed on the coordinate plane?

(20,10)

(10,10)

(0,0)

(6,2)

3

On the first day of every month, Cameron sits down at his computer, builds a spreadsheet, and allocates all of his income toward expenses or saving. There’s no dollar that is unaccounted for in his budget. Which strategy is Cameron using?

9

Graph the inequality in Desmos and screen shot the graph in the drawing. Make sure to include what you typed in for full credit.

What is the slope?

Y intercept:

6

You are creating a spreadsheet to calculate your take-home pay after taxes. Write spreadsheet equations into cells B3 and B4 to calculate a total tax withholding of 7.65% (B3) then calculate your take home pay. (B4)

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6

Graph the following inequalities and identify 2 solutions. You may use Desmos and screen shot your graph and two solutions.

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One Solution:

Second Solution:

15

Madison and her friends are trying to meet up for breakfast. Each friend has some preferences about the location(x) and price (y). Help them find a place that works for all the friends.

Angelina Is biking and prefers no more than 5 miles away with a budget under $10

Jayda: Is renting a scooter that costs $1.5/mile and has a total budget of $12 for both the rental and the meal.

Aliyah: Is running and wants a workout of at least 2 miles before breakfast and can spend up to $15

Write the inequalities representing each person's constraints.

Angelina:

Jayda:

Aliyah:

Graph the inequalities using desmos & screen shot your answer in the "show your work" (3 points)

Mark off a point that satisifies all 3 constraints. (3pts)