PERSONAL FINANCIAL LITERACY UNIT STUDY GUIDE
Authored by Cindy Armstrong
Mathematics
7th Grade
7 covered
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41 questions
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1.
FILL IN THE BLANK QUESTION
3 mins • 3 pts
Kane earns an annual salary of $42,500. He is paid twice a month with paychecks being of equal amounts. If Medicare taxes represent 1% of his income, then how much will Kane bring home after Medicare taxes?
Tags
7.13.B
2.
FILL IN THE BLANK QUESTION
3 mins • 3 pts
Paula is paid twice a month. On each check 7% social security taxes are withheld. If her gross income is $1,300 per check, then how much does Paula pay in social security taxes each month?
Tags
7.13.B
3.
FILL IN THE BLANK QUESTION
2 mins • 2 pts
The item is charged an 8% sales tax. Determine the amount of sales tax on this item.
Tags
7.13.B
4.
FILL IN THE BLANK QUESTION
2 mins • 2 pts
The item is charged an 8% sales tax. Determine the amount of sales tax on this item.
Tags
7.13.B
5.
FILL IN THE BLANK QUESTION
2 mins • 2 pts
The item is charged an 8% sales tax. Determine the amount of sales tax on this item.
Tags
7.13.B
6.
FILL IN THE BLANK QUESTION
3 mins • 3 pts
An investment of $600 is made into an account that earns 6% annual simple interest for 15 years. Assuming no other deposits or withdrawals are made, find the interest.
Tags
7.13.E
7.
FILL IN THE BLANK QUESTION
3 mins • 2 pts
Nadia deposited $3,000 into an account that earns annual simple interest. After 6 years, she had earned $990 in interest. What was the interest rate of the account?
Tags
7.13.E
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