Net Worth and Sales Tax

Net Worth and Sales Tax

7th Grade

12 Qs

quiz-placeholder

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Net Worth and Sales Tax

Net Worth and Sales Tax

Assessment

Quiz

Mathematics

7th Grade

Practice Problem

Hard

CCSS
7.RP.A.3, 6.NS.C.5, 7.EE.B.3

+1

Standards-aligned

Created by

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

Media Image

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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