Financial Literacy
What two definitions are shown below?
1. A tax that is collected when purchasing goods and services.
2. Tax on property that the owner is required to pay.
1. Sales Tax
2. Property tax
2/6+3/6
5/6
4/12
BONUS IF SIMPLIFIED!!! 20 points
1/3
14.2 + 1.3
15.5
(2x6) + 3
15
What are these examples of?
1. Mrs. Palmer earned a yearly salary of $28,000. She was required to pay $5,600 from her earnings.
2. Mrs. Palmer earned a yearly salary of $28,000. She was required to pay $5,600 from her earnings.
1. Income tax
2. Payroll tax
1/4 + 5/8
7/8
1/2 - 1/8
3/8
7.92 - 2.97
10.89
3(7) + 3
24
Kendall had a gross income of 2,500 and a net income of 1,918.17. How much were here deductions?
581.83
3/4 + 2/16 simplified
7/8
2/3 - 2/7
8/21
24+ 3.859
27.859
[4 + (6-2) + (4+7)] -2
17
Christian had a net income of $1,700, however he had the following expenses:
Rent: $710
Phone: $62.75
Food: 200.37
How much is he able to save after paying these expenses?$
$726.88
What is the improper & the mixed number of:
1/2 + 7/8
Improper fraction: 11/8
Mixed Number: 1 3/8
2 - 4/7
BONUS 30 POINTS IF YOU GAVE MIXED FRACTION
1 3/7
32 - 2.921
29.079
3x4 + 8(4x2-3)
52
Lynn had a gross income of $2,700 & a net income of $2,100. She had the following expenses:
Car payment: $273
Daycare: $132
Movies: $77
How much money does Lynn have leftover after she pays for the following expenses?
$1,618
Gary made chocolate cake. Shelby ate 1/4 of the cake & Nathan ate 3/6 of the cake. How much of the cake was eaten? Simplify
9/12 simplified = 3/4
5 - 3 4/5 mixed fraction
6/5 1 1/5
3 - 1.952
1.048
53.62