NAME: __________________________PD: ______ DATE: __________________

LJH 7th Grade 7.13 | TEST 2 REVIEW -PFL

1. Serena wants to buy jeans for $48.50
and boots for $60.00. If the sales tax rate
is 7% then what will be the amount of the
sales tax on Serenas purchase?
2. A receptionist has an annual income of
$54,000 a year. The income tax they
have to pay is 6%. What is the amount of
income tax in dollars and cents that the
receptionist has to pay?

3. A new iPhone 8 is priced at $699.99. 4. Angels monthly budget is $5,200. How

On black Friday is was retailed at 10% much does he spend on Housing in
off. How much was the iPhone if you dollars and cents?
bought it on black Friday?

5. Jinnys net monthly income is $4,200. 10% 6. Below is the Jamies monthly budget
of her income goes to savings. She spends for December. If she has a monthly
$1,200 per month on rent, $280 on groceries, income of $5,555. How much does she
$250 for her car payment, and $210 per have to put in savings for this month?
month on gasoline and car maintenance. Category Percentage
What percent of her budget does she spend
Savings 15%
on gasoline and car maintenance?
Rent 57%
Groceries 12%
Utilities 6%
Gas 4%
Insurance 20%
NAME: __________________________PD: ______
7. The chart below shows Ginas asset
and liabilities. What is Ginas net worth?
9. Kira takes out a loan of $4,000. This
loan has a simple interest rate of 6% per
year. What is the amount of interest that
Kira will be charged on this loan at the
end of one year?
11. Brett wants to buy a new pair of Nike
Flex running shoes. He found out they
cost $69.99. Academy is offering $10 off.
Champs is offering a 1/5 discount. How
much money would Brett save if he
bought the shoes from Champs?
DATE: __________________
8. The chart below shows Janes Assets
and Liabilities. If her net worth is $4135,
how much does she owe in credit card
debt?
10. The iPhone X is retailed at $999.00 at
Apple. On black Friday Best buy offered
10% off the price, but Frys Electronics
offered $100 off the price. Which is the
better deal?
12. Noel has loan of $16,500. This loan
has a simple interest rate of 8% per year.
What is the amount of interest that he will
be charged on this loan at the end of 3
years?