Net Worth Quiz 3

Match the following,

If a person makes 18$ per hour, use 20 % for taxes. This person works on average 38 hours a week.

• $2736

• amount of monthly gross salary

• $32,832

• amount of monthly taxes

• $2188.80

• Amount of monthly net salary

• $547.20

• amount of yearly gross salary

• $26265.60

• amount of net yearly salary

What is the Net Monthly Salary of a person whose yearly salary is $46,500?

Use 20% for taxes.

• $775

• $3100

• $9300

• $3875

How much does the employee make hourly if their yearly salary is $52,000?

Use 20% for taxes. He works on average 40 hours a week.

• $27

• $32.4

• $21.6

• $30

If a couple has a home worth $250,000, car 1-$45,000, Car 2-$27,500. A mortgage of $156,000, Car debt of $39,000, Credit card debt of $28,000. Saving and Retirement of $65,000. College Loans of $92,000.

• $315,000

• Is jewelry an Asset or Liability?

• $387,500

• Liability

• Asset

• Net Worth

• $72,500

• Assets

• Liability

• Is a mortgage a Liability or Asset?

What is 60% of 32?

Mathematical Equivalence

ON