CHAPTER 4 TEST - Personal Finance 10/2015

CHAPTER 4 TEST - Personal Finance
10/2015
Multiple Choice
Identify the choice that best completes the statement or answers the question.
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1. Luisa Perez had a balance of $541.82 in her checking account on January 7. On January 10 she wrote a check
to Marty’s Hair Salon for $27.19. What is her new balance?
a. $494.63
c. $514.63
b. $569.01
d. $27.19
2. Jamahl Jones earned $20.50 cutting grass, $16.50 babysitting, and $4.95 selling two baseball cards. He puts
all but $10.00 in his checking account. What is his total deposit?
a. $41.95
c. $31.95
b. $31.50
d. $30.00
3. Lincoln Jefferson sold his motor scooter and received a check for two hundred eighty-one and
What is the amount of the check written as a numeral?
a. $281.00
c. $281.01
b. $821.10
d. $218.10
4. The manager of Tony’s Pizzeria deposited money in the restaurant’s checking account at the end of the day.
The deposit included 4 fifty-dollar bills, 9 twenty-dollar bills, 16 ten-dollar bills, 22 five-dollar bills, 16
one-dollar bills, 29 quarters, 14 dimes, 9 nickels, and 17 pennies. What was the total deposit?
a. $675.27
c. $678.27
b. $675.10
d. $698.27
5. Colleen McHugh wishes to deposit checks for $13.75, $92.08, and $8.21 into her account. She would like to
receive $15.00 in cash. What is her total deposit?
a. $114.04
c. $115.94
b. $99.04
d. $99.54
6. Isaac Epstein received a bank statement showing the following amounts. What is his present balance?
Previous Balance
Deposits
Checks
Service Charge
Interest
Present Balance
____
____
____
dollars.
$131.02
415.75
198.31
3.87
1.79
a. $344.99
c. $354.12
b. $357.70
d. $346.38
7. Lourdes Ramirez deposits the following in her checking account: 3 ten-dollar bills, 6 five-dollar bills, 9
one-dollar bills, 9 quarters, 11 dimes, 2 nickels, 47 pennies, and a check for $19.76. What is her total deposit?
a. $72.68
c. $92.68
b. $92.21
d. $72.92
8. Catherine Hamilton owns a clothing boutique. She makes a deposit in her business checking account. She has
checks for $103.42 and $146.43. She has cash consisting of 12 one-dollar bills, 10 five-dollar bills, 6
ten-dollar bills, and 20 twenty-dollar bills. What is Hamilton’s total deposit?
a. $249.85
c. $522.00
b. $771.85
d. $411.85
9. Which of the following is the correct word form to write on a check for the amount $756.50?
a. seven hundred fifty six and
dollars
b. seven hundred fifty-six and
dollars
c. seven hundred fifty-six and 0.50 dollars
d. seven fifty-six and 0.50 dollars
____ 10. Which of the following is the correct word form to write on a check for the amount $27.00
a. twenty seven dollars
b. twenty-seven dollars
c. twenty seven and
dollars
d. twenty-seven and
dollars
____ 11. The manager of Pia’s Taco Casa makes a deposit into the restaurant’s checking account at the end of the day.
She has 2 fifty-dollar bills, 16 twenty-dollar bills, 4 ten-dollar bills, 1 five-dollar bill, 24 quarters, 12 dimes,
and 3 nickels. She wants to receive 20 one-dollar bills to use as change the next day. How much is the total
deposit?
a. $472.35
c. $492.35
b. $452.35
d. $432.35
____ 12. Latrina Ramin’s checking account had a balance of $148.52. One day she writes checks for $46.75 to
purchase a blanket, $6.25 for a book, and $95.00 for a bedspread. What is the new balance in Ramin’s
account?
a. $0.52
c. $249.77
b. $52.00
d. $95.52
____ 13. Latoya Johnson uses United Bank online banking. One month she paid the basic charge, 8 bills, and requested
a printed statement. United’s online banking charges are shown below. What are Johnson’s total fees for the
month?
Service
Basic Monthly Charge
Bill Payment - first 4 N/C (no charge)
Printed Statement
Fee
$5.50
$0.50
$3.50
a. $13.00
c. $9.50
b. $11.00
d. $9.00
____ 14. Terrell DeShay’s statement balance is $432.10. He has one outstanding check for $37.00. What is DeShay’s
adjusted balance?
a. $395.10
c. $406.10
b. $469.10
d. $359.00
____ 15. Tammy Martin’s checking account had a balance of $235.42. She writes one check for $36.75 to purchase a
sweater and another for $6.75 to purchase a book. What is the new balance in Martin’s account?
a. $278.92
c. $91.92
b. $198.67
d. $191.92
____ 16. Eric Schneider’s bank statement shows a previous balance of $974.95. He made deposits of $246.00 and
$98.48. He wrote checks for $721.00 and $35.35. He has a $3.00 service charge and earned $0.75 in interest.
What is his present balance?
a. $506.83
c. $560.08
b. $486.08
d. $560.83
____ 17. Patrice Rodrick receives her bank statement for the month. Her balance is $430.52. In comparing her
checkbook register, canceled checks, and bank statement, she finds that checks #224 and #250 are
outstanding. The amounts are $32.50 and $62.80. What is Rodrick’s adjusted balance?
a. $525.82
c. $463.02
b. $335.22
d. $493.32
____ 18. Rosario Fuentes wants to purchase a ladder at Herm’s Hardware Store for $87.92. The previous balance in her
checking account is $107.65. If she purchases the ladder with a check, what is the new balance?
a. $19.73
c. $195.57
b. $87.92
d. $20.73
____ 19. Paulo Suarez’s checking account balance is $212.02. He owes his friend Charlie Moore $37.00. He owes his
mother $35.00 and his father $15.00. If Suarez writes checks to all three people, what is the new balance?
a. $140.02
c. $125.02
b. $37.00
d. $120.02
____ 20. The amounts on Clinton Updike’s bank statement are shown below. What is his present balance?
Previous Balance
Deposits
Checks
Service Charge
Interest
Present Balance
$965.00
56.09
444.12
4.96
5.55
a. $576.97
c. $577.56
b. $572.01
d. $578.89
____ 21. Chica Sanchez’s checking account had a balance of $678.22. She wrote a check to pay her gasoline charge
card for $17.21 and a check to the grocery store for $172.71. What is her new balance?
a. $661.01
c. $488.30
b. $478.30
d. $668.01
____ 22. Martha Chung’s bank statement is shown below. Her previous balance was $132. What is her present
balance?
Checks and Other Charges
Date
Number
Amount
2/17
222
$54.55
2/18
223
$132.44
2/22
224
$310.00
Service Charge
$3.45
Deposits and Credits
Date
Amount
2/18
$359.00
2/20
$109.00
2/27
$60.00
Balance
a. $162.99
c. $234.65
b. $156.59
d. $159.56
____ 23. On April 17 Anita Morales had her rugs cleaned by Aero Rug Cleaners. The cost was $135. The previous
balance in her checkbook register is $218. If Morales pays Aero Rug Cleaners with a check, what is the new
balance?
a. $135
c. $83
b. $383
d. $97
____ 24. Shawnte Sholes purchased two light fixtures from Central Lighting for $31.83 each. What was the amount of
his check, expressed in words?
a. sixty-four and
c. seventy-six and
dollars
dollars
b. seventy-three and
d. sixty-three and
dollars
dollars
____ 25. Julie Lonneman deposited her paycheck for $568.87 and a check from her father for $15.65. What was her
total deposit?
a. $564.85
c. $568.87
b. $584.52
d. $656.98
____ 26. Briana Miller deposited a check for $543.00 and a check for $231.12. She received $60.00 in cash. What was
her total deposit?
a. $774.12
c. $432.01
b. $714.12
d. $775.62
____ 27. Susan Pinsky’s checking account had a balance of $137.66. She wrote a check for $23.62 on September 3. On
September 7 the bank made an automatic transfer (AT) of $25.41 to pay her phone bill. She made a deposit of
$146.24 on September 12. What is the new balance in Pinsky’s account?
a. $40.45
c. $234.87
b. $258.49
d. $332.93
____ 28. The amounts on Lydia Morgan’s bank statement are shown below. What is her present balance?
Previous Balance
Deposits
Checks
Service Charge
Interest
Present Balance
$ 96.00
50.09
140.12
1.96
3.55
a. $5.97
c. $6.78
b. $8.56
d. $7.56
____ 29. Miguel Diaz deposited 16 one-dollar bills, 4 twenty-dollar bills, 13 quarters, 18 dimes, and 7 nickels in his
checking account. What was his total deposit?
a. $115.95
c. $101.40
b. $114.01
d. $101.05
____ 30. Ramon Ramos receives his bank statement for the month. His balance is $470.99. In comparing his
checkbook register, canceled checks, and bank statement, he finds that checks #786 and #789 are outstanding.
The amounts are $52.50 and $65.00. What is Ramos’s adjusted balance?
a. $343.69
c. $418.49
b. $358.49
d. $353.49
____ 31. Clinton Zooks purchased two cans of paint from Pamela’s Paints for $21.99 each. What was the amount of his
check, expressed in words?
a. forty-three and
c. forty-eight and
dollars
dollars
b. twenty-one and
dollars
d. forty-three and
____ 32. What is the new balance on this online banking statement?
Check
Date
Amount
Number Description
01-Mar
724.00
Balance
01-Mar
6.95
Online Banking Fee
02-Mar
8.94
5174
03-Mar
29.00
5172
dollars
07-Mar
09-Mar
11-Mar
12-Mar
15-Mar
31-Mar
121.20
172.73
24.95
22.70
217.80
Debit Card, Pharmacy
5167
5170
5161
AT - Electric Power
Balance
a. $118.74
c. $119.73
b. $66.54
d. $276.48
____ 33. According to the check register below, what is the total amount of purchases made by check?
Date
Amount
Check
Number
Description
03/06/2002
$400.00
03/06/2002
2.00
03/10/2002
672.85
1287
CHECK Memo: Furniture Warehouse
03/12/2002
03/15/2002
12.50
0.50
1288
03/15/2002
3,341.29
03/15/2002
100.00
03/15/2002
30.55
03/15/2002
153.39
CHECK Memo: Salyer’s Drug Store
Memo: BILL PAYMENT FEE
CREDIT CARD PAYMENT TO 004:555-555
Online Payment
FINDLAY YOUTH PAYMENT TO 009:W555
Online Payment
CHECK Memo: Food Town
AT WITHDRAWAL
Memo: INSURANCE 031202
ATM Withdrawal
ATM National Network Fee
1289
a. $617.50
c. $685.35
b. $715.90
d. $725.90
____ 34. What is the total deposit on the deposit slip below?
DOLLARS
CHECKING DEPOSIT
CASH
Miller Sambrook
Check’s Bank Number
CHECKS
Date _March 15, 20--___
CURRENCY
COINS
42 00
0 87
639
152
25 42
95 47
SUBTOTAL
LESS CASH
RECEIVED
TOTAL DEPOSIT
Currency + Coins + Checks
SIGN HERE IF CASH RECEIVED FROM DEPOSIT
_______________________________
75'''87652
a. $89.76
b. $113.76
CENTS
c. $163.76
d. $155.76
50 00
____ 35. Tomás Fuentes purchased four pillows for $8.50 each and a television stand for $27.00 from Housewares Etc.
What was the amount of his check, expressed in words?
a. sixty-one and
c. sixty-nine and
dollars
dollars
b. thirty-five and
d. thirty-four and
dollars
dollars
____ 36. What is the total deposit on the deposit slip below?
DOLLARS
CHECKING DEPOSIT
CASH
CURRENCY
Cedro Reverra
COINS
CHECKS
Check’s Bank Number
1912
854
CENTS
670 00
0 34
44 87
86 47
Date _July 15, 20--___
SUBTOTAL
Currency + Coins + Checks
SIGN HERE IF CASH RECEIVED FROM DEPOSIT
LESS CASH
RECEIVED
TOTAL DEPOSIT
100 00
____________________________
75'''87652
a. $601.68
c. $801.68
b. $701.68
d. $901.68
____ 37. According to the check register below, what is the total amount of ATM fees?
Date
Amount
Check
Number
Description
04/06/2002
$200.00
04/09/2002
$3.00
04/10/2002
$444.85
987
CHECK Memo: Dominic’s Catering
04/12/2002
04/15/2002
$22.80
$0.75
988
04/15/2002
$941.29
04/15/2002
04/15/2002
$90.00
$40.55
04/15/2002
$153.39
CHECK Memo: Dept. Store
Memo: BILL PAYMENT FEE
CREDIT CARD PYMT TO 004:555-555 Online
Payment
YOUTH PYMT TO 009:W555 Online Payment
CHECK Memo: Kirby’s Groceries
ATM WITHDRAWAL
Memo: INSURANCE 031202
ATM Withdrawal
ATM Out of Network Fee
989
a. $200.00
c. $3.00
b. $153.39
d. $0.75
____ 38. Christopher Rinaldi receives his bank statement for the month. His balance is $1,770.99. In comparing his
check register, canceled checks, and bank statement, he finds that two checks are outstanding. The amounts
are $72.50 and $126.00. What is Rinaldi’s adjusted balance?
a. $1,698.49
c. $1,770.99
b. $1,672.45
d. $1,572.49
____ 39. Martina Carrillo’s check register had a previous balance of $137.00. She wrote a check for $39.62 on
September 3. On September 7 the bank made an automatic transfer (AT) of $55.41 to pay her phone bill. She
made a deposit of $46.24 on September 12. What is the new balance in Carrillo’s account?
a. $68.70
c. $25.50
b. $88.21
d. $66.70
____ 40. The previous balance in Calvin Harris’ check register was $978.22. He wrote a check to Murray’s Grocery for
$77.21 and a check to The Photo Depot for $276.90. What is his new balance?
a. $504.16
c. $624.55
b. $714.16
d. $624.11
____ 41. What is the new balance on this online banking statement?
Date
01-Mar
01-Mar
02-Mar
03-Mar
07-Mar
09-Mar
11-Mar
12-Mar
15-Mar
31-Mar
Amount
1324.00
2.95
99.94
27.00
192.20
165.44
24.95
44.70
123.80
Check
Number
Description
Balance
Online Banking Fee
6374
6375
Debit Card, Department Store Purchase
6376
6377
6378
AT - Tech Power
Balance
a. $763.02
c. $673.02
b. $743.02
d. $643.02
____ 42. Dedra Svensen’s bank statement shows a previous balance of $998.22. She makes a deposit of $246.20. She
writes a check to Sam’s Grocery for $87.21 and a check to The Photo Shop for $76.90. What is her present
balance?
a. $834.11
c. $1,080.31
b. $734.21
d. $876.21
____ 43. Irvin Raymond received a bank statement showing the following amounts. What is his present balance?
Previous Balance
Deposits
Checks
Service Charge
Interest
Present Balance
$453.21
449.00
456.01
2.34
2.98
a. $446.84
c. $456.98
b. $453.98
d. $543.00
____ 44. The previous balance in Dennis Jackson’s check register was $2,998.32. He wrote a check to Parker’s Deli for
$7.21 and a check to The Computer Shop for $676.90. What is his new balance?
a. $2,314.21
c. $1,854.44
b. $2,123.44
d. $1,924.44
____ 45. Anna Levinson purchased three rolls of wallpaper at Pamela’s Paints for $22.50 each. What was the amount
of her check, expressed in words?
a. sixty-five and
dollars
c. forty-five and
b. thirty-five and
dollars
d. sixty-seven and
dollars
dollars
CHAPTER 4 TEST - Personal Finance
Answer Section
10/2015
MULTIPLE CHOICE
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C
C
C
A
B
D
C
B
B
D
B
A
B
A
D
D
B
A
C
C
C
D
C
D
B
B
C
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C
D
A
C
B
B
A
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B
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D
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1
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Basic
Basic
Basic
Average
Basic
Basic
Average
Basic
Average
Basic
Average
Average
Basic
Basic
Basic
Average
Average
Basic
Average
Average
Basic
Average
Basic
Basic
Average
Average
Average
Average
Average
Average
Basic
Average
Average
Average
Average
Average
Average
Average
Average
Average
Average
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Section 4-3
Section 4-1
Section 4-2
Section 4-1
Section 4-1
Section 4-4
Section 4-1
Section 4-1
Section 4-2
Section 4-2
Section 4-1
Section 4-3
Section 4-6
Section 4-5
Section 4-3
Section 4-4
Section 4-5
Section 4-3
Section 4-3
Section 4-4
Section 4-3
Section 4-4
Section 4-3
Section 4-2
Section 4-1
Section 4-1
Section 4-3
Section 4-4
Section 4-1
Section 4-5
Section 4-2
Section 4-6
Section 4-3
Section 4-1
Section 4-2
Section 4-1
Section 4-4
Section 4-5
Section 4-3
Section 4-3
Section 4-6
42.
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C
A
A
D
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1
1
1
1
DIF:
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Average
Basic
Average
Basic
REF:
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Section 4-4
Section 4-4
Section 4-3
Section 4-2