Q3 -qz#7- PB**** - PB- March 2024

Front

What is the formula to calculate a percentage of a given amount?

Back

Percentage = (Part / Whole) * 100

Front

If you have $12,000 and withdraw 0.5%, how much do you take out?

Back

$60.00

Front

What is the Medicare tax rate for gross income?

Back

1.45% of gross income

Front

How do you calculate the Medicare tax due on a given income?

Back

Medicare Tax = Gross Income * Medicare Tax Rate

Front

What is the formula to calculate the total price after a discount?

Back

Total Price = Original Price - (Original Price * Discount Rate)

Front

If a puzzle costs $45.50 and is on sale for 15.25% off, what is the sale price?

Back

$38.56

Front

How do you calculate weekly earnings based on hourly wage?

Back

Weekly Earnings = Hourly Wage * Hours Worked

Front

If Michael earns $10.80 per hour and works 37 hours, how much does he earn?

Back

$399.60

Front

What is the formula to calculate the amount withheld for Medicare from a paycheck?

Back

Medicare Withholding = Gross Pay * Medicare Tax Rate

Front

If gross pay is $750, how much Medicare tax will be withheld at 1.45%?

Back

$10.88