
Understanding Personal Financial Literacy
Interactive Video
•
Mathematics
•
6th - 10th Grade
•
Practice Problem
•
Hard
Standards-aligned
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate the sales tax on an item?
Subtract the tax rate from the item's price
Add the tax rate to the item's price
Divide the item's price by the tax rate
Multiply the tax rate by the item's price in decimal form
Tags
CCSS.6.RP.A.3B
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which store offers a better discount for a computer priced at $950?
Cannot be determined without the original prices
Store A with 20% off
Store B with 25% off
Both offer the same discount
Tags
CCSS.6.RP.A.3C
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the effect of a sales rebate on the total purchase price?
Increases the price
Varies depending on the product
Decreases the price
No effect
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the annual income required to meet a monthly budget of $4000?
$52,000
$40,000
$44,000
$48,000
Tags
CCSS.6.RP.A.3B
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of the monthly budget is spent on transportation if the budget is $4000 and $400 is spent on transportation?
10%
5%
15%
20%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a budget help a family to do?
Track their liabilities
Increase their net worth
Manage their expenses
Calculate their interest
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate net worth?
Subtract your liabilities from your assets
Add your assets and liabilities
Divide your assets by your liabilities
Multiply your assets by your liabilities
Tags
CCSS.7.RP.A.3
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