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- 1. Multiple ChoiceFind the amount of interest earned by $8000 invested at 5% annual simple interest rate for 1 year.$625$350$750$400
- 2. Multiple ChoiceTo start a mobile dog-grooming service, Renee Wooferson borrowed $2,500. If the loan was for two years and the amount of interest was $175, what simple interest rate was she charged?5.75%1.8%8.25%3.5%
- 3. Multiple ChoiceJane Bestseller set a goal to earn $2,000 in May. She receives a base salary of $500 per month as well as a 10% commission for all sales in that month. How much merchandise will she have to sell to meet this goal?$2,500$10,000$250$15,000
- 4. Multiple ChoiceA student borrowed some money from his father at 2% simple interest to buy a car. He paid his father $360 in interest after 3 years, how much did he borrow?$6,000$12,485$9,700$4,900
- 5. Multiple ChoiceThe Smiths spent $29.85 for entrees and beverages at dinner. The sales tax was 6% of the price of the meal. The tip was 15% of the meal and the sales tax. How much money did the Smith family pay for the meal, including tax and tip?$31.64$36.39$31.60$42.89
- 6. Multiple ChoiceA notebook costs $4.50 plus sales tax. After sales tax, the notebook is $4.86. What is the sales tax rate?6.2%4.8%12%8%
- 7. Multiple ChoiceAnna is saving $6.35 a week to buy a computer game that costs $57.15. How many weeks will she have to save to buy the game?3 weeks6 weeks9 weeks12 weeks
- 8. Multiple ChoiceThe bill for dinner came to $75.48. The four friends decided to leave a $15 tip. If they shared the bill equally, how much will they each pay?$21.70$90.48$44.40$22.62
- 9. Multiple ChoiceSam and Carl ate breakfast at the local diner. They gave the waitress a tip of $2.88 which was 25% of their bill. If the two friends split the bill and the tip evenly, how much will each one pay?$7.20$11.52$19.74$5.76
- 10. Multiple ChoiceA woman’s coat was priced at $120. If there was a 40% reduction in the price, what was the selling price of the coat?$64.50$72.00$168$28.00
- 11. Multiple ChoiceNia's dad ordered Chinese food from Top's China to be delivered. The bill was $24. He gave a 15% tip to the delivery man. How much did he spend on dinner$28.00$2.70$3.60$27.60
- 12. Multiple ChoiceImani wanted to purchase a bike for the summer. She received a 25% discount on the purchase of $240. What was the amount of discount Imani received?$25$60$180$215
- 13. Multiple ChoiceWalter bought a CD for $17, a pair of shoes for $30 and a pair of jeans for $25. The tax rate was 6%. What was the total cost of Walter's purchase?$74.32$4.32$76.32$72.00
- 14. Multiple ChoiceA book at Barnes and Noble cost $7.95 and is on sale for 15% off. The sales tax is 6%. What is the total cost of the book?$8.27$7.74$6.96$7.17
- 15. Multiple ChoiceWhat is 15% of 30?4504.545.0.45
- 16. Multiple ChoiceWhat percent of 50 is 25?50%40%51%52%
- 17. Multiple ChoiceWhat number is 13% of 45?.559.605.59559
- 18. Multiple ChoiceYou buy a pair of Beats by Dre for $249.99 and pay 6.5% sales tax. What is the TOTAL cost?$16.24$266.23$266.24$233.74
- 19. Multiple ChoiceThe __________ price for a car is the cost of the engine, chassis, and standard equipment. It does not include the cost of options or transportation.basetotal costdestination chargesticker
- 20. Multiple ChoiceIt is important to compare the ____________ of different options when purchasing expensive items.total costsbeginning costscolorsinterest rates
- 21. Multiple ChoiceAppliances are marked with an _______________ rating to help you decide which is more economical to use.New HouseOld OneEnergy StarEnergy Circle
- 22. Multiple ChoiceWhen you own a house, you need to pay _________ to the town or city you live in every year.real estate taxescar taxgrocery taxtown taxes
- 23. Multiple ChoiceWhen you own a car, you need to pay ________________ to the town you live in every year.nothinga ton of moneyproperty taxesreal estate taxes
- 24. Multiple Choice________________ are all the extra fees you pay when buying a house (ex. attorney fees, credit report, title search, etc.).opening costclosing costin-between costup in the air costs
- 25. Multiple ChoiceTo figure out how much you paid in interest, you need to subtract the total amount you pay back minus how much you ________________ in the first place.soldstoleborrowedpaid in interest
- 26. Multiple ChoiceBanks and mortgage companies charge you ____________ to borrow their money.only a small interestas much as they wantprincipalinterest
- 27. Multiple ChoiceA _______________ loan is money you borrow to buy a house.automortgagerainy daylease
- 28. Multiple Choice_____________ are charged more for auto insurance, because they drive more recklessly and get into more accidents.ChildrenFemalesMalesGrandparents
- 29. Multiple ChoiceJulie has a $1,500 deductible on her insurance policy. Today, she wrecked her car, causing $4,000 damage to her vehicle. What is her insurance company responsible for paying?$1,500$4,000$0$2,500
- 30. Multiple ChoiceAnother term for MSRP is ____________.retail pricebase pricesticker pricesale price
- 31. Multiple ChoiceThe name for a renter is:landlordrenteetenantlease
- 32. Multiple ChoiceWhich of the following do you not have to worry about when you are renting?Repairsutilitiesclothingcooking
- 33. Multiple ChoiceThe___ of continuing your education is the money you would have earned if you have worked instead.debt-to-income ratioopportunity costbenefittotal estimated cost
- 34. Multiple Choice
The total amount of earnings before any deductions are taken outGross PayNet PayAfter-tax IncomeYucky Pay - 35. Multiple ChoiceThe amount of salary received after taxes and deductionsGross PayNet PayTotal EarningsBill
- 36. Multiple ChoiceWith-holdings from paychecks that go to provide income support for people who are unemployed, disabled, or over age 65401kSocial SecurityMedicareMedicaid
- 37. Multiple ChoiceBruce makes $100,000 per year.
Steve makes $50,000 per year.
Tony makes $30,000 per year.
Bruce pays 30% in taxes, Steve pays 20%, and Tony pays 10%. This tax isProportionalProgressiveRegressiveI have no idea. - 38. Multiple ChoiceKevin sees two amounts on his paycheck.
Gross Pay: $3500.00
Net Pay: $2800.00
Which one will actually be deposited into his bank account?Gross PayNet PayTrick Question! You have to take out taxes. So Neither!I am SOOOO confused. - 39. Multiple ChoiceA budget deficit occurs when...The government brings in more revenue than it spends for a given yearThe government spends more money than it brings in for a fiscal year
- 40. Multiple ChoiceOwnership in a publicly traded corporationCD-certificate of depositMoney MarketTreasury billStock
- 41. Multiple ChoiceA plan how money will be spentBalanced BudgetVariable ExpenseNet incomeBudget
- 42. Multiple ChoiceA small plastic card issued by a financial institution which can be used to make purchases. The amount charged is borrowed by the cardholder.Credit CardDebit CardNet cardCheck
- 43. Multiple ChoiceThe Affordable Care Act requires everyone has health insurance otherwise you will be fined.TrueFalse
- 44. Multiple ChoiceA loan that is given to high risk lenders because they have a very low credit score is known as a...Predatory LoanSubprime LoanAdjustable Rate MortgageFixed Rate Mortgage
- 45. Multiple ChoiceDue to the Affordable Care Act (Obama Care) you can now stay on your parents health insurance until age...18202628
- 46. Multiple ChoiceThe difference between what a house is worth and what is still owed on the house is known as...Down PaymentMortgage PaymentEquityHome Loan
- 47. Multiple ChoiceWhen you pay $25 every time you go to the doctor, no matter the reason, this is known as a...DeductibleCo-insuranceCo-paymentPremium
- 48. Multiple ChoiceWhich of the following is NOT correct behavior for an interview?Saying you need a moment to think before answeringChewing gum to freshen your breathAsking questions about the duties of the jobDressing neatly and conservatively
- 49. Multiple ChoiceHow long should your resume be?2 pages1/2 a page1 pageDoesn't matter
- 50. Multiple ChoiceAmounts owed are also called ______________.liabilitiesassetsforeclosurecollateral
- 51. Multiple ChoiceSecurity for a loan is called ______________.DebtorCollateralFinance ChargeNet worth
- 52. Multiple ChoiceWhich of the following is an asset?A mortgageInterest on a credit card401(k)Student loan
- 53. Multiple ChoiceWhat is something called when it is important to one's survival?DesireDemandNeedWant
- 54. Multiple ChoiceNot every product you see in the grocery is Made in America. Products including fruits and vegetables are brought into the United Stated from other countries are calledExportsServicesImportsHomemade
- 55. Multiple ChoiceA tax on real estate or personal propertySales TaxProperty TaxIncome TaxPayroll Tax
- 56. Multiple ChoiceProfessionally managed, diversified investment that pools resources of many investorsTreasury bondsStock indexMutual fundSaving account
- 57. Multiple ChoiceLinda's employer sent her a(n) _____, which summarizes her earnings and the amount withheld from her paychecks.W-4 formW-2 formI-9 form1040 form
- 58. Multiple ChoiceThis is the cheapest age to purchase a life insurance policy.At birthAge 20Age 40Age 60
- 59. Multiple ChoiceWhich of the following is NOT part of a mortgage payment.Closing costsHomeowner's InsuranceTaxesInterest
- 60. Multiple ChoiceMortgage loan with a rate that changes over the course of the loanAdjustable rate mortgageballoon mortgagefixed rate mortgagereverse mortgage
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