Net Worth and Sales Tax
Quiz
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
+1
Standards-aligned
Salome Diaz
Used 378+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an assest?
Credit card
Jewelry
Tuition
Utilities
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An asset is ...
something you own with positive value
something you owe with negative value
something you pay for monthly
something you borrow
Tags
CCSS.6.NS.C.5
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A liability is...
something you own with positive value
something you owe with negative value
something you own with negative value
something you owe with positive value
Tags
CCSS.6.NS.C.5
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a liability?
Boat
Jewelry
Credit Card
House
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a liability?
Medical bills
Savings account
Checking account
Debit card
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Lucas owns ocean front property at South Padre Island. His beach house is valued at $289,900. He owns a car valued at $15, 400. He also owns a boat valued at $14,100. Lucas still owes $54,400 on his mortgage. He owes $8,300 on his car loan and has a credit card debt of $1,250 and $9,500 in student loans. What is Lucas net worth?
$392,850
$319,400
$245,950
$73,450
Tags
CCSS.7.EE.B.3
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The list shows Mary's assets and liabilities. What is Mary's net worth?
$83,770
$-83,770
$19,750
$-19750
Tags
CCSS.7.EE.B.3
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