Sunday, August 9, 2009

Can u help me with my consumer math? 4-20?

4. Glenn Andrews recently bought a new motorbike for $3,950. If he had to pay 6 percent sales tax on the bike, what was the total cost of the bike?



A. $3,713



B. $4,010



C. $4,187



D. $2,370



5. Moneys taken out of a salary for such things as taxes, medical insurance, and retirement funds are called



A. commissions.



B. contributions.



C. deductions.



D. exemptions.



6. What is the reading in kwhr of the electric meter shown in the exam figure below?



A. 9742



B. 0631



C. 1732



D. 1641



7. John and Mary Billings own a condominium with an assessed value of $110,000. If the tax rate is 25 mills per $1.00 of assessed valuation, how much tax do they pay?



A. $1,840



B. $1,420



C. $2,750



D. $1,200



8. The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income?



A. $202.10



B. $157.61



C. $57.39



D. $170.51



9. Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay?



A. 14.55



B. 68.75



C. 34.38



D. 29.09



10. John Davis makes $9.75 an hour. He works four hours on Monday, six hours on Tuesday, five hours on Wednesday, five hours on Thursday, and seven hours on Friday. What is his gross pay?



A. $174.20



B. $132.70



C. $269.98



D. $263.25



11. Victor Malaba has a net income of $1,240 per month. If he spends $150 on food, $244 on a car payment, $300 on rent, and $50 on savings, what percent of his net income can he spend on other things?



A. 300 percent



B. 43 percent



C. 40 percent



D. 64 percent



12. Eliza Savage received a statement from her bank showing a checking account balance of $324.18 as of January 18. Her own checkbook shows a balance of $487.38 as of January 29. The bank returned all of the cancelled checks but three. The amounts of these three checks are $15.00, $77.49, and $124.28. How much did Eliza deposit in her account between January 18 and January 29?



A. $379.97



B. $201.12



C. $54.44



D. $197.24



13. Mary Stevens earns $6 an hour at her job and is entitled to time-and-a-half for overtime, and double time on holidays. Last week she worked 40 hours of regular time, 6 1/2 hours of overtime, and 8 hours of holiday time. How much did she earn?



A. $140.00



B. $190.75



C. $74.37



D. $394.50



14. The gross income of David Vaughn is $785 per week. His deductions are $42.25, FICA tax; $90.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income for one week?



A. $675.32



B. $749.77



C. $628.77



D. $605.32



15. Mary Palm%26#039;s checking account had a starting balance of $785.63. She wrote a check for $57.00 for groceries and a check for $125.00 for a car payment. Yesterday she deposited $57.25 in her checking account. What is Mary%26#039;s current balance?



A. $796.38



B. $554.26



C. $660.88



D. $603.63



16. If three bags of birdseed cost $14.16, how much will 14 bags cost?



A. $30.34



B. $66.08



C. $33.71



D. $70.80



17. Juan Ramirez sells suits in a major department store on weekends. He earns a commission of 5 percent on the first ten suits, and if he sells more than ten, he earns an additional 3 percent on the additional suits. Last weekend Juan sold thirteen $250 suits. What was his commission?



A. $260.00



B. $210.40



C. $185.00



D. $147.50



18. The tax rate on Ned Topolino%26#039;s $112,000 vacation home is 25 mills. The property is assessed at full value. How much will Ned pay in taxes this year?



A. $2,800



B. $780



C. $7,800



D. $28,000



19. Carlos Martin received a statement from his bank showing a balance of $56.75 as of March 15th. His checkbook shows a balance of $87.37 as of March 20. The bank returned all the cancelled checks but two. One check was for $5.00 and the other was for $13.25. How much did Carlos deposit in his account between the March 15 and the March 20?



A. $125.87



B. $162.37



C. $11.22



D. $48.87



20. Rob Polanski is a tractor salesman. Last week his total sales amounted to $38,642.00, and he received $2,704.94 in commission. What is his rate of commission?



A. 6%



B. 7%



C. 5.9%



D. 8.4%



Can u help me with my consumer math? 4-20?bridge loan





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Can u help me with my consumer math? 4-20? loan



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