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- Multiple ChoicePlease save your changes before editing any questions.
Name brand items typically cost more than generic brand items.
TRUE
FALSE
- Multiple ChoicePlease save your changes before editing any questions.
If a box of ice cream bars costs $4.50 and there are 5 bars in the box, how much does each bar cost?
$0.45
$0.90
$1.50
$4.50
- Multiple ChoicePlease save your changes before editing any questions.
Insurance on a leased car is higher because:
It's not your car so you have to fix it if it gets damaged
The car dealership wants to make more money
Insurance companies expect you to get into accidents
Insurance on a leased car is NOT higher
- Fill in the BlankPlease save your changes before editing any questions.
The 4 most important things on an amortization schedule are balance, monthly payment and:
- Multiple ChoicePlease save your changes before editing any questions.
Expenses are:
car payment
the costs required for something
net income
principle
- Multiple ChoicePlease save your changes before editing any questions.
The two parts of a loan are:
income and expense
gross and net
principle and interest
interest and taxes
- Fill in the BlankPlease save your changes before editing any questions.
The charge for the privilege of borrowing money is:
- Multiple ChoicePlease save your changes before editing any questions.
If sales tax is 7%, how you do find the total with tax for an item that cost $500?
500 x 7
500 x 1.07
500 x .07 + 500
500 x 107
- Multiple ChoicePlease save your changes before editing any questions.
Amortize means
to pay off your credit card bill
when a car goes down in value
when a car goes up in value
to reduce debt by making regular payments
- Fill in the BlankPlease save your changes before editing any questions.
You bought a box of of cookies for $4.80. There are 24 cookies in the box. Your sister eats 4 cookies and she wants to pay you for what she ate. How much does she owe you? No tax!
- Multiple ChoicePlease save your changes before editing any questions.
net income is
take home pay
money earned after taxes have been deducted
money earned before taxes have been deducted
only paid monthly
- Fill in the BlankPlease save your changes before editing any questions.
If the annual gross income is $60,000, how much is the monthly gross income?
- Multiple ChoicePlease save your changes before editing any questions.
What is the serving size of a container with 100 ounces and 50 servings per container?
20 ounces
2 ounces
10 ounces
20
- Multiple ChoicePlease save your changes before editing any questions.
If the monthly gross income is $5000 and the taxes equal 20%, how much is the annual gross income?
$1,000
$4,000
$6,000
$60,000
- Multiple ChoicePlease save your changes before editing any questions.
Interest is:
the cost for borrowing money
usually displayed as APR
paid back in addition to the principle of the loan
all of the above