Unit 2: Mastery Form & Test

Question 1

Amala listed her assets and liabilities. Credit Card BalanceCar(Paid in full)JewelryStudent LoanSavings AccountStocks$850$2,200$125$2,500$1,200$1,500What is the total of Amala’s liabilities?

Revolt · Accepted Answer

$3,350

Question 2

Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. What is Keisha’s net worth?

Revolt · Accepted Answer

$88,700

Question 3

This graph compares the cost of room and board at educational institutions in Texas.

Revolt · Accepted Answer

many students might choose an alternative living situation over paying room and board at a four year institution.

Question 4

Amy is analyzing a job offer. Amy’s Salary AnalysisAnnual SalaryBenefitsAverage Monthly RentAverage Monthly Utility Costs$48,500401K matched up to $2,500/year,$5,000 in bonuses$1,100$200How much income with benefits can she expect?

Revolt · Accepted Answer

$56,000

Question 5

The chart shows a sample paycheck stub.

Revolt · Accepted Answer

withheld from employee pay.

Unit 2: Mastery Form & Test Answers

More from this Course

TRY EDGENUITY HACKS