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FinAlg Exam Review 1

Authored by B Rist

Mathematics

9th - 12th Grade

CCSS covered

Used 9+ times

FinAlg Exam Review 1
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is take home pay?

overtime pay

gross pay

regular pay

net pay

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Use the tax schedule to calculate the tax for a taxable income of $100,000.

$5,975.00

$20,062.00

$43,600.00

$25,000.00

Tags

CCSS.8.F.B.4

CCSS.HSF.IF.B.6

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for a wage and tax statement?

Form W2

Form W4

Form 1099

Pay Stub

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Last week Sam worked 40 regular hours and 7 overtime hours at time and a half. What is her hourly rate if her gross pay was $611.05.

$12.05/hour

$13.00/hour

$12.10/hour

$18.15/hour

Tags

CCSS.7.EE.B.4A

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Katie is retiring after 27 years. Her last three year's salaries are 55K, 57.5K and 60K. If her pension will provide her with 1.5% of the average of her last three year's salaries for each of the years she worked, what is her pension?

$69,862.50 per year

$57,500.00 per year

$94,314.38 per year

$23,287.50 per year

Tags

CCSS.6.EE.B.6

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Calculate the balance at the end of six months for a savings account with $2,500 paying 3.5% simple interest.

$43.75

$2,870.50

$2,543.75

$875.00

Tags

CCSS.HSF.BF.A.2

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An employer-sponsored pre-tax cafeteria plan used to pay for certain medical expenses and child care is called a

flexible spending account

medical spending account

deferred cafeteria plan

individual retirement account

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