Sales Tax
What is an average sales tax rate?
6-9%
A family's monthly expenses are $2000. How much money do they need to survive each year?
$24,000
Julia makes $100.00 babysitting and $50.00 for household chores each month. What is her total monthly income?
$150.00
What is the simple interest formula?
I=PRT
Calculate an 8% sales tax on an item that costs $9.00
$0.72
List 3 types of fixed expenses.
Rent, Insurance, Car payments, loans, phone, subscriptions.
David's expenses for each month are $40.00 for his phone, $20.00 for eating at restaurants, and $30.00 for savings. What are his total monthly expenses?
$90.00
What is the total cost of an item that is $26.50 with an 8% sales tax?
$28.62
List 4 types of variable expenses.
Groceries, gas, utilities, entertainment, eating out
Sharon's monthly income is $200.00. How much does she make in 4 months?
$800.00
What is the total cost of a $546.24 item after 7% sales tax is applied.
$584.48
Why is it important to make a budget?
A budget helps plan your spending.
Kristopher's income each month is $1999.00. His expenses are $550.00 each month. What are his savings for each month?
$1449.00
How much sales tax is charged on $3.00 of eggs, $5.00 worth of bread, and $17.23 worth of fruit. The sales tax rate is 8%.
$0.00. There is no sales tax on grocery items!
Someone's monthly household budget is $3,750. Would a job that pays $21 an hour, and works 40 hours a week cover the monthly expenses?
No, they are short $390.
Briana saves $20.00 each month to buy a computer. The computer costs $500.00. How many months will it take for her to save enough money?
25