Mathematics for Business and Personal Finance

Chapter 4: Checking Accounts

Practice Tests

1
Shannon Kelly makes a deposit in her checking account. She has checks for $178.16 and $36.00. Shannon gets back $20.00 in cash. What is her total deposit?
A)$194.16
B)$198.16
C)$214.16
D)$234.16
2
Simon Wu's deposit includes two checks: $123.45 and $432.90; cash: 3 one-dollar bills, 9 five-dollar bills, 5 ten-dollar bills, 15 quarters, 10 dimes, 18 nickels, and 32 pennies. Find the total deposit.
A)$556.35
B)$648.35
C)$660.32
D)$721.31
3
ALGEBRA Pablo Ramirez makes a deposit at an ATM and walks away with the $50 in cash he received and the receipt for the $1,200 total deposit he made. The checks deposited totaled four times the amount of currency he had deposited. He did not deposit any coins. What amount in currency did he deposit?
A)$1,000
B)$750
C)$500
D)$230
4
Which of the following is the correct way to write the amount $73.78 on a check?
A)seventy-three dollars and 78/100 cents
B)seventy-three and seventy-eight
C)seventy-three and 78/100 dollars
D)seventy-three dollars and 78/100
5
Elaine Teague sold her bicycle and received a check for one hundred forty-two dollars and fifteen cents. What is the amount of the check written as a numeral?
A)$124.15
B)$142.00
C)$142.15
D)$421.15
6
Your balance was $123.90 on May 5. Your May 10 deposit was $230.78. On May 19, you wrote a $43.20 check and withdrew $50.00 from an ATM. What is your new balance?
A)$447.88
B)$361.48
C)$261.48
D)$178.78
7
The previous balance in your check register is $134.67. You make a deposit of $150.00. You write a check for $63.23. What is your new balance?
A)$21.44
B)$147.90
C)$221.44
D)$447.90
8
You bank statement shows a previous balance of $354.12. You make deposits of $123.98 and $312.76. You write checks for $46.17 and $154.32. You have a $4.00 service charge and earn $0.18 interest. What is your present balance?
A)$586.55
B)$590.37
C)$790.86
D)$987.53
9
Your statement balance is $433.97. You have an outstanding check for $46.78 and an outstanding deposit for $235.00. What is your adjusted balance?
A)$245.75
B)$387.19
C)$622.19
D)$668.97
10
Find the present balance.

<a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=jpg::::/sites/dl/free/0078805058/685853/ch4_t1.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (11.0K)</a>

A)$345.03
B)$352.93
C)$375.23
D)$653.65
11
ALGEBRA Tobey Blank received his bank statement in the mail and checked it to verify his pay increase. His employer deposits his monthly pay directly into his account. The previous month's pay was $4,189.90. Tobey's account activity showed a $410.90 previous balance, checks of $3,650.12, ATM withdrawals of $100.00, and a service charge of $3.50. If Tobey's new balance is $918.80, what increase in pay was direct deposited?
A)$847.18
B)$518.80
C)$112.36
D)$71.62
12
Drew Lawson uses online banking to pay his bills. The bank charges $6.95 a month to use this service, $0.50 for each bill paid, $4.00 for a printed statement, and a cash advance fee of 2% of the cash advance amount. Drew paid 4 bills, requested a printed statement, and received a $300.00 cash advance. What were his total fees for the month?
A)$11.45
B)$12.95
C)$17.45
D)$18.95
13
Frank Shoemaker makes a deposit in his checking account. He has checks for $56.23, $258.97, and $218.64. Franks also gets back $25.00 in cash. What is his total deposit?
A)$383.84
B)$433.84
C)$458.94
D)$508.84
14
The previous balance in your check register is $508.62. You make a deposit of $259.84. You write a check for $148.00. What is your new balance?
A)$100.78
B)$396.78
C)$620.46
D)$916.46
15
Your bank statement shows a previous balance of $218.54. You make deposits of $311.25 and $250.00. You write checks for $95.00 and $267.48. What is your present balance?
A)$19.77
B)$198.77
C)$417.31
D)$1,142.27
16
Your statement balance is $200.36. You have an outstanding check for $112.56 and an outstanding deposit for $68.34. What is your adjusted balance?
A)$19.46
B)$156.14
C)$244.58
D)$381.26
17
Your statement balance is $687.45. You have outstanding checks totaling $332.10 and an outstanding deposit for $124.21. What is your adjusted balance?
A)$231.14
B)$332.10
C)$479.56
D)$895.34
18
You use online banking. Last month you had a basic service charge of $3.95. Service charges included 5 fees at $0.25 each, a $5.00 fee for a printed statement, $2.00 out-of-network ATM fee, and a cash advance fee of 2% of $400. What are the total service charges?
A)$20.20
B)$16.25
C)$16.20
D)$12.20
19
Nancy Rodrick uses United Bank and Trust online banking. One month she paid the basic charge, 9 bills, and requested a printed statement. United's online banking charges are shown below. What are Nancy's total fees for the month?

<a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=jpg::::/sites/dl/free/0078805058/685853/ch4_t2.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (11.0K)</a>

A)$8.75
B)$7.50
C)$5.50
D)$4.50
20
Daniel Leizerman earned $45.00 cutting grass, $23.00 babysitting, and $5.25 selling two books. He puts all but $10.00 in his checking account. What is his total deposit?
A)$83.25
B)$73.25
C)$63.25
D)$53.25
Glencoe Online Learning CenterBusiness Administration HomeProduct InfoSite MapContact Us

The McGraw-Hill CompaniesGlencoe