MOF Midterm review

A car traveling at an average rate of 60 miles per hour will drive 270 miles in 4 1/2 hours.

• True

• False

A car traveling on asphalt makes a sudden stop. The drag factor of the road is 0.7 and the brakes are operating

at 90% efficiency. If the car leaves 4 distinct skid marks that are 60 feet long, then the car was traveling about

37 miles per hour.

• True

• False

In the box-and-whisker plot above, 50% of the data is between 30 and 70.

• True

• False

Pamela called 9 repair shops for quotes for auto repairs. The prices are $139, $150, $345, $99, $167, $155,

$140, $200, and $160. She calculates to find there are no outliers in the data.

• True

• False

Sarah bought a 7-year old car for $10,500. When the car was new, it sold for $21,000. Therefore, the

depreciation rate is 9.4%.

• True

• False

Yolanda wants to buy a fuel efficient car. She finds one that can travel 465 miles on one tank of gas. If the gas

tank holds 15 gallons, the car gets about 41 miles per gallon.

• True

• False

The filing status of head of household is for married taxpayers who have dependents.

• True

• False

A W-2 is an income statement that lists any money earned from interest.

• True

• False

In a progressive tax system, taxes decrease as income increases.

• True

• False

Income tax is paid on earned income such as wages and tips. Income tax is also paid on unearned income such

as interest, dividends, rental income, capital gains, and winnings.

• True

• False