Sales Tax
Discount
Income Tax
Simple Interest
Vocabulary
100

This is the amount of tax Joe will pay for a $15 shirt with 6% tax.

What is $0.90?

100
The amount of discount on a $30 item with a 25% discount.
What is $7.50
100

Justin's gross income is $550 per week, 20% is taken out for taxes and other required deductions. How much is taken out of Justin's gross income per week?

What is $110?

100
Mona opened a savings account with a $500 deposit and a simple interest rate of 5.6%. If there were no deposits or withdrawals, how much money is in the account after 8.5 years?
What is $238
100
Which of the following is an example of an asset?


a. Auto loan

b. Credit Card Balance

c. Checking Account Balance 

What is c. Checking Account Balance?

200

This is the amount of tax Sarah will spend on a sweater that costs $27 with a 7% tax.

What is $1.89?

200
The amount of discount when MIke bought a $990 computer with a 30% discount.
What is $297
200

Amanda's gross pay is $1500 every 2 weeks, 15% is taken out for income tax. How much is taken from Amanda's gross pay?

What is $225?

200
Keri opened a college fund for her child when he was born with a $600 deposit. There was an interest rate of 4%. If there were no deposits or withdrawals, how much TOTAL money is in the account after 15 years?
What is $3,090
200

In the formula I = PRT


What does the "R" stand for?

What is rate?

300
This is the total cost of a baseball bat priced at $110 with 6.5% tax.
What is $117.15
300
This is the sale price for an item regularly $65 with a 15% discount.
What is $55.25
300

Jack's gross pay is $6000 per month, 20% income tax is taken out. What is Jack's take home pay after taxes? 

What is $4800?

300

Deposit: $850, Interest rate: 13%, Total time: 7 years

What is the interest?

What is $773.50

300

Which of the following is not an example of a liability?

a. Retirement Account

b. Credit Card Balance

c. Mortgage

What is a. Retirement Account?

400

This is the total amount paid for a stereo that costs $59.99 with 7% tax.

What is $64.19

400
This is the final price for an item costing $85.50 with a 20% discount.
What is $68.40
400

Johnny's gross income is $3200 per month. 20% is taken out for income taxes and he saves 10% of his take home pay. Home much does Johnny save per month?

What is $256.00?

400

Loan amount: $6,000, Interest Rate: 26%, Time: 5 Years

What is the interest?

What is $7,800

400

How do you calculate Net Worth?

What is Assets - Liabilities = Net Worth?

500
The percent of tax when Mr. Shirk paid $39.96 TOTAL for an item that was priced at $37. 6% 7% 8% 9%
What is 8%
500

The final price you would pay for a $50 item with a 25% discount and a $5 rebate?

What is $32.50?

500

Mary's gross income is $1100 per week. 25% is taken out for income taxes and she saves 20% of her take home pay. Home much does Mary save per week?

What is $165 per week?

500
Harry deposited $400 in his 401K. His interest rate is 14% and he works for 26 years. How much total money will be in his account in the end?
What is $1,856
500

What is the difference between Sales Tax and Discount?

What is Sales Tax is Added to your subtotal and Discount is Subtracted from your subtotal?