Financial Literacy

financial literacy video watch video and complete worksheet. Make sure to hand in and then confirm hand in and then turn in or mark as done in google classroom What is her net income? $3755 $3775 $3020 $755 Which list correctly identifies fixed and variable expenses? Fixed: rent and foodVariable: utilities and other Fixed: rent and insuranceVariable: Entertainment and food Fixed: food and entertainmentVariable: utilities and transportation Fixed: rent and entertainmentVariable: entertainment and other Susan owns stocks worthy $7,200. She owes $4,500 on her student loans and $800 on her credit cards. She owes $6,000 on her car that is worth $9,000. She has $700 in her checking account. fill in the table below and find the total of Susan's assets and liabilities (don't put commas in) Items Assets Liabilities Stocks 7200 Student Loans 4500 Car 9000 Car Debt 6000 Credit Card Balance 800 Checking Account 700 Totals 16900 11300 What is Susan's Net Worth? $16900 $5600 $28200 $11300 David has a loan of $25,680. The loan has a simple interest rate of 5% per year. What is the amount of interest David will be charged at the end of one year?I=prt $1284 $5136 $128400 The George's family has a monthly net income of $5500. They budget $1600 for rent, $850 for food, $600 for utilities, $750 for transportation, $700 for savings, $250 for education and $250 for miscellaneous expenses. What percent of the budget is for rent? 39% 71% 3% 29% Match the terms and their definitions Gross income Income before deductions are taken out Net income Income after deductions are taken out Fixed expenses expenses that don't change from month to month Variable expenses Expenses that can change from month to month I=prt Simple Interest formula Assets Things that you own Liabilities Things that you owe