Consumer Math (Unit 7 Test)

Write this fraction in lowest terms.

12/24

• 1/2

• 2/3

• 3/4

• 5/8

Write this fraction in lowest terms.

9/18

• 2/3

• 1/2

• 3/4

• 1/3

Write a percent for this fraction.

9/10

• 40%

• 10%

• 70%

• 90%

Write a percent for this fraction.

7/25

• 28%

• 18%

• 38%

• 48%

Find the assessed value of this property.

Market value: $42,500

Rate of assessment: 60%

• $32,500

• $29,000

• $25,500

• $19,750

Find the property tax.

Assessed value: $214,500

Tax rate: $5.00/$100

• $12. 450

• $13,740

• $15, 525

• $10,725

Find the adjusted gross income for the year.

Weekly wage: $275

Investment income: $3,600

• $15,750

• $17,900

• $12,575

• $21,725

Tom Smith earned $47,565 in wages and had investment incomeof $3,625. He has deductions of $4,675 and claims 5 exemptions. What is his taxable income?

• $15,675

• $26,575

• $28,585

• $34,015