Applied Math Unit 1 Test Review

Applied Math Unit 1 Test Review

12th Grade

18 Qs

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Applied Math Unit 1 Test Review

Applied Math Unit 1 Test Review

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Easy

Created by

Nancy Anderson

Used 2+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is the social security tax rate?

None of these

6.2%

62%

0.62%

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of these could be used to determine the amount you pay in medicare tax if your salary is $60,000?

None of these

0.62%

0.0145 • 60,000

Answer explanation

Income tax rate: 1.45% = 0.0145

To find 1.45% OF a number, we multiply 0.0145 x that number.

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Income tax is a progressive tax because...

Upper-income families pay a larger share of their income

Poor and middle-income pay a larger share of their income

Everyone pays the same share.

None of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of these shows function ƒ, the amount you pay in sales tax (in Massachusetts) when you eat at a restaurant and your bill is x dollars?

None of these

f(x) = 0.625x

f(x) = 1.625x

f(x) = 0.0625x

Answer explanation

MA Sales tax is 6.25%

6.25% = 0.0625

To find 6.25% OF a number, we multiply 0.0625 x that number.

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

If your yearly gross income is $11,000, you pay $1,100 in federal income tax.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

True or false: 6.2% and 0.62 are equivalent (in other words 6.2% = 0.62).

True

False

Answer explanation

6.2% = 0.062

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Both the worker and the employer pay payroll taxes.

True

False

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