4.0 Unit Exam 10/31/24 - Jennifer Pariseau | Library

3

Which of these is an example of a fixed expense?

3

Your apartment rent, tickets to a concert, a pepperoni pizza, and your cell phone bill are all examples of…

3

Which of the following items has the lowest unit price?

3

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

3

When making your budget, you realize that you will not earn enough money to cover all of your expenses. All of the following are suggested ways of balancing your budget, EXCEPT...

3

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

3

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

3

Which of these expenses is typically the largest single expense for American households?

3

A household is defined as housing-burdened if their housing costs are greater than...

3

All of the following are benefits of hourly work, EXCEPT...

3

Which statement best describes the main function of using the cash envelope system of budgeting?

3

If you receive inconsistent income, the best advice for budgeting is:

3

Cameron is working in a grocery store where he makes $22 an hour as an assistant manager. His work hours are irregular depending on the time of year, so he has kept track of his total hours worked for the last 6 months. Use the table below to calculate Cameron’s average gross monthly income. Round your answer to the nearest whole dollar.

3

Jennifer is a 56-year-old lawyer, married, and a mother of 3 teenagers. Joshua is a 26-year-old single dad to a toddler and a retail store manager. How would their needs and wants budgets compare?

3

If Maurice makes $6000 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?

3

Jayda wants to earn a total of at least $900 per week from working as a freelance graphic designer and as a dog walker. The graph of the inequality represents this scenario. Jayda could work all of the following work combinations to meet her goal, EXCEPT...

3

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

3

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

3

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

3

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

8

Graph the inequality (screen shot desmos) 

Slope: _______  
Y-Intercept (x,y):_______ 
X-Intercept (x,y): _______  

8

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)

Equation B3:_______  B3 Answer: _______ 
Equation B4: _______ B4 Answer: _______ 

5

Given the following system of inequalities.

1.  Graph & Screen shot Desmos 
2.  Identify One Solution of the system_______

Use the following scenario to answer questions 24 and 25.

Madelyn and her friends are trying to find a restaurant where they can meet up for lunch. Each friend has some preferences about the meal’s location and price. Help them find a restaurant that works for all the friends.

Nadia: Is biking and prefers a restaurant no more than 4 miles away with meals under $7

Angelina: Will rent a scooter that costs $1/mile and has a total budget of $8 for the lunch outing

Aliyah: Is running and wants a workout of at least 2 miles before lunch and has a $10 budget

6

Write the inequalities representing each person's constraints: 
Nadia:_______ 
Angelina:_______ 
Aliyah:_______ 

13

Which, if any, of the following restaurants would satisfy all the friends? Justify your response by graphing each inequality & labeling the coordinates of Restaurant option on the graph.