Quiz about Financial Literacy and spiral review

Question 1

Money that is taken out of a paycheck that goes to programs, like Social Security and Meidcare, that help people when they retire.

Accepted Answer

Payroll tax

Answer

Property tax

Answer

Income tax

Answer

Sales tax

Question 2

Mr. Mann owns a ranch that has 45 acres of land. Each year Mr. Mann pays $5,340 in taxes on the land for his ranch. Which type of tax does Mr. Mann pay?

Accepted Answer

Property Tax

Answer

Payroll Tax

Answer

Income Tax

Answer

Sales Tax

Question 3

Brooke spent $45.98, including tax, at the grocery store. Which type of tax did Brooke pay?

Accepted Answer

Sales Tax

Answer

Payroll Tax

Answer

Income Tax

Answer

Property Tax

Question 4

Isaiah has a summer internship at a technology company and is paid $3,000. After Federal and state taxes, Social Security, and Medicare are deducted, his take-home pay is $2,500. Which of the statements below is correct?

Accepted Answer

His gross pay is $3,000 and net pay is $2,500

Answer

His gross pay is $2,500 and net pay is $3,000

Answer

His gross and net pay are $3,000

Answer

His gross and net pay are $2,500

Question 5

Ms. Harvey's take home pay is $6242.42

Without the payroll tax, her check would be $6767.67

How much is Ms. Harvey's Gross income?

Accepted Answer

$6767.67

Answer

$6242.42

Answer

$525.25

Answer

$6776.67

Question 6

Ms. Harvey's take home pay is $6242.42

Without the payroll tax, her check would be $6767.67

How much is Ms. Harvey's Net income?

Accepted Answer

$6242.42

Answer

$6767.67

Answer

$525.25

Answer

$6776.67

Question 7

Ms. Harvey's take home pay is $6242.42

Without the payroll tax, her check would be $6767.67

How much is the payroll tax?

Accepted Answer

$525.25

Answer

$6242.42

Answer

$567.89

Answer

$6767.67

Question 8

Which of the following is NOT equivalent to the model?

Accepted Answer

0.032

Answer

thirty-two hundredths

Answer

( 3 x 1/10 ) + ( 2 x 1/100)

Answer

0.32

Question 9

The table shows swimmers in a race.
The smallest number is the fastest time.

Who came in second place?

Accepted Answer

Viviann

Answer

Ryan

Answer

Allison

Answer

Karthik

Question 10

Brandon is $$3\ \frac{2}{6}\ $$ feet tall. Caleb is $$5\ \frac{1}{6}$$ feet tall. How much taller is Caleb than Brandon?

Hints: Put the larger number first. You cannot subtract a large number from a small one.

Change into improper fraction or borrow from the whole number.

Accepted Answer

$$1\ \frac{5}{6}$$ feet

Answer

$$2\ \frac{1}{6}$$ feet

Answer

$$1\ \frac{2}{3}$$ feet

Answer

$$8\ \frac{1}{2}$$ feet

Question 11

Which of the following are composite numbers?

Accepted Answer

72

Accepted Answer

51

Accepted Answer

9

Answer

47

Question 12

A baker had 48 cups of flour in a container

He used $$11\ \frac{1}{2}$$ cups on Sunday and $$14\ \frac{1}{4}$$ cups on Monday.

How many cups of flour is left in the container?

Hints: make the 48 cups of flour into a mixed number. Don't forget to make the denominators the same!

Accepted Answer

$$22\ \frac{1}{4}$$ cups

Answer

$$25\ \frac{3}{4}$$ cups

Answer

$$23\ \frac{1}{4}$$ cups

Answer

$$22\ \frac{3}{4}$$ cups

Question 13

Faithfulness used this tracker to keep track of her income and expenses for September.

What is the difference between her income and expenses?

Accepted Answer

$12.00 surplus

Answer

$12.00 deficit

Answer

$38.50 surplus

Answer

$26.50 deficit

Question 14

A balanced budget is when the income and expenses equal $0

Accepted Answer

True

Answer

False

Question 15

Take home pay is the same as

Accepted Answer

net income.

Answer

a deficit.

Answer

a surplus.

Answer

gross income.

Question 16

What is $$6\ \frac{1}{4}$$ as a decimal?

Remember: when making fractions into decimals, make equivalent fractions that are tenths or hundredths whenever possible. :-)

Accepted Answer

6.25

Answer

6.14

Answer

$$\frac{25}{4}$$

Question 17

Which decimal is represented by the fraction above?

Accepted Answer

0.32

Answer

3.2

Answer

32.0

Answer

0.032

Question 18

$$\frac{2}{5}$$ =

Accepted Answer

0.4

Answer

0.25

Answer

25

Answer

0.04

Question 19

0.50 =

Accepted Answer

0.5

Accepted Answer

$$\frac{1}{2}$$

Answer

0.2

Answer

50

Question 20

$$\frac{3}{4}$$ =

Accepted Answer

$$\frac{75}{100}$$

Accepted Answer

0.75

Answer

34

Answer

1 $$\frac{1}{4}$$

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Mathematics