Proficiency 1 - Math Problems Examples
Authored by Stephen Ward
Business
10th Grade
Used 4+ times
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5 questions
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1.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
A person has a house worth $170,000, a mortgage of $140,000, savings of $5,000, a car valued at $10,000, a car loan of $8,000, and $5,000 in credit card debt. What would be this person's net worth?
(a)
2.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
A group of high school students start an cotton candy rental business. They buy a cotton candy making machine for $8,000. They buy a trailer to haul their equipment for $5,000. They spend $300 on accessories to make the cotton candy. For the first year, they rent their machine for $500 per weekend to 40 customers. Which of the following correctly describes the financial outcome of this business venture?
(a)
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Kevin wants to be a purchasing agent. He knows that the starting salary for a purchasing agent is $60,000. If he returns to college to get his MBA, it will cost him $20,000 (two year program), but his salary will increase to $65,000. How long will it take to recover the investment of getting his MBA?
(a)
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
If a person earned $71,000 last year and again earns $71,000 this year, but the rate of inflation is 8%, this year's buying power when compared to last year's is...
(a)
5.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Jeff's check was $900. How much in FICA will be withheld from his check assuming the Social Security withholdings for employees is currently 8.65%?
(a)
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