Unit 3 Test Corrections - Personal Financial Literacy - NICHOLAS GLAESER | Library

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Complete the statement with the correct term.

Social Security and Medicare are types of __________ tax that an employer withholds from their employees.

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Complete the statement with the correct term.

A tax that the government collects from personal earned money is called a(n) __________.

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Caroline bought a car and paid $27,500 including tax. The actual cost of the car was $25,000. Which statement best describes the difference between the actual cost of the car and the amount Caroline paid?

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Mr. Feldman built a new deck in his backyard. Which statement best describes a result of adding the new deck?

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John was offered a job with a salary of $500 a week. When he received his first paycheck, the amount was $412. Based on this information, which statement might explain the reason for the difference between his $500 salary and his $412 paycheck?

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Mr. Salazar’s net income for the month of January was $2,545. The table shows his January budget except for an amount in the "Transportation" category.

What amount should be in the “Transportation” category in order for Mr. Salazar's budget to be balanced?

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Mr. Garza wanted to keep a formal record of all the transactions for his hair salon business. Which statement describes the best system he should use to keep track of all of his financial records?

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Jennifer's refrigerator stopped working. A repairman says it will cost $100 to fix. She did not plan for this expense in her budget. What are the two best ways Jennifer can adjust her budget to pay for this expense?

Choose the correct answer from the drop-down menus to complete the statement.

Jennifer can __________ or __________

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Mrs. Cantu pays her cable bill using electronic payments.

What are the advantages of Mrs. Cantu using electronic payments to pay her cable bill?

Select TWO correct answers.

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The Pérez family has a net income of $3,620 each month. The table shows the Pérez family's expenses for a month. The amount of money put into savings is missing.

What is the greatest amount of money that the Pérez family can put into savings each month and still have a balanced budget?

1

A teacher has some pencils in a bag and some in boxes.
She has a bag with 36 unbroken pencils.
She has 4 boxes with 120 pencils in each box.
There are 6 broken pencils in each box.
She puts half of all the unbroken pencils in a storage cabinet.
Which expression can be used to show that the teacher puts 246 pencils in the storage cabinet?

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What is the value of the expression shown?

2 × [30 – 20 ÷ (5 × 2)]

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Jeremy has a string that is 84 inches long. He cuts 4 pieces from the string that are each 18 inches long.

Which equation can be used to find z, the length of the leftover string in inches?

Unit 3 Test Corrections - Personal Financial Literacy

Caroline bought a car and paid $27,500 including tax. The actual cost of the car was $25,000. Which statement best describes the difference between the actual cost of the car and the amount Caroline paid?

Mr. Feldman built a new deck in his backyard. Which statement best describes a result of adding the new deck?

John was offered a job with a salary of $500 a week. When he received his first paycheck, the amount was $412. Based on this information, which statement might explain the reason for the difference between his $500 salary and his $412 paycheck?

Mr. Salazar’s net income for the month of January was $2,545. The table shows his January budget except for an amount in the "Transportation" category.What amount should be in the “Transportation” category in order for Mr. Salazar's budget to be balanced?

Mr. Garza wanted to keep a formal record of all the transactions for his hair salon business. Which statement describes the best system he should use to keep track of all of his financial records?

Mrs. Cantu pays her cable bill using electronic payments.What are the advantages of Mrs. Cantu using electronic payments to pay her cable bill?Select TWO correct answers.

The Pérez family has a net income of $3,620 each month. The table shows the Pérez family's expenses for a month. The amount of money put into savings is missing.What is the greatest amount of money that the Pérez family can put into savings each month and still have a balanced budget?

What is the value of the expression shown?2 × [30 – 20 ÷ (5 × 2)]

Jeremy has a string that is 84 inches long. He cuts 4 pieces from the string that are each 18 inches long. Which equation can be used to find z, the length of the leftover string in inches?

Mr. Salazar’s net income for the month of January was $2,545. The table shows his January budget except for an amount in the "Transportation" category.

What amount should be in the “Transportation” category in order for Mr. Salazar's budget to be balanced?

Mrs. Cantu pays her cable bill using electronic payments.

What are the advantages of Mrs. Cantu using electronic payments to pay her cable bill?

Select TWO correct answers.

The Pérez family has a net income of $3,620 each month. The table shows the Pérez family's expenses for a month. The amount of money put into savings is missing.

What is the greatest amount of money that the Pérez family can put into savings each month and still have a balanced budget?

What is the value of the expression shown?

2 × [30 – 20 ÷ (5 × 2)]

Jeremy has a string that is 84 inches long. He cuts 4 pieces from the string that are each 18 inches long.

Which equation can be used to find z, the length of the leftover string in inches?