TCM U1 - Unit 1 Test

Find the Gross Income for $11.32/hr, working forty hours each week for a full fifty-two week year. Round to the nearest dollar.

• $11146

• $12400

• $23546

• $43700

Tags

CCSS.7.EE.B.3

What is the amount of the standard deduction?

• $9700

• $12400

• $11146

• $23546

Tags

CCSS.HSS.ID.B.6A

Using the chart provided, determine the Total Tax for an Adjusted Gross Income of $43,700.

• $970

• $3573

• $4503

• $5473

Tags

CCSS.8.F.B.4

CCSS.HSF.IF.B.6

Find the Yearly Net Income if a Yearly Gross Income of $34,987 has Total Taxes of $2516

• $624

• $32471

• $1249

• $37503

Tags

CCSS.7.EE.B.3

Given a Yearly Net Income of $26,504 find the net pay per paycheck (assume twenty-six checks per year)

• $1019.38

• $509.69

• $1104.33

• $2208.67

Tags

CCSS.7.EE.B.3

Find the monthly amount spent on Transportation if it represents 28% of a monthly net income of $1054.67

• $295.31

• $759.36

• $24.61

• $1313.98

Tags

CCSS.6.RP.A.3C

What percent of a net monthly income of $1950 is represented by a monthly car payment of $347

• 18%

• 47%

• 76%

• 14.8%

You earn a $2168 monthly net income and allow 30% to go towards housing. How much can you spend per month on housing?

• $6.51

• $65.04

• $650.40

• $6504

Tags

CCSS.6.RP.A.3C

How much interest is charged for the first month of a credit card debt of $3,500 with an APR of 21.4%. Round to the nearest dollar.

• $62

• $296

• $749

• $35

Tags

CCSS.7.RP.A.3

For a student loan of $52,500 with an APR of 7.8%, which monthly payment amount will pay off the loan the quickest?

• $242.93

• $575

• $1500

• $1000