Survivor Ball Questions Financial Math

The Social Security deduction is withheld at a standard rate of 6.2%. Suppose your gross pay this week is $500. How much Social Security tax is withheld from your paycheck?

• $469

• $25

• $31

• $250

The Medicare deduction is withheld at a standard rate of 1.45%. Suppose your gross pay this week is $750. How much Medicare tax will be withheld from your paycheck?

• $11.75

• $690

• $5.39

• $10.88

What is the current rates for Social Security and Medicare?

• Social Security: 8.3%, Medicare: 3%

• Social Security: 5.9%, Medicare: 1.85%

• Social Security: 7.05%, Medicare: 10.23%

• Social Security: 6.2%, Medicare: 1.45%

If gross inccome is $24,388, Social Security is 6.2%, and Medicare is 1.45%, what is the Social Security Tax due?

• 3,536

• 15,121

• 354

• 1,512

How much tip should you leave if you want to tip 23% at Applebee's on a $27.31 bill?

• $6.28
• $33.59
• $21.03

Dinner is $23.77 and you leave a 10% tip. Find the total cost.

• $ 2.38

• $ 2.37

• $ 26.15

• $ 21.39

How much tax would you pay on a new TV that is $899 at Best Buy, if the tax rate is 6.5%?

• $957.44
• $841
• $58.43

Angela spent $30.00 at a restaurant.  If she leaves a 15% tip, how much will her TOTAL BILL be? 

• 30.00
• 45.25
• $ 34.50
• 35.65

Ralph buys a computer for $675. The sales tax rate is 6%. How much did Ralph pay for the computer?

• 40.50
• 715.50
• 6.00
• 634.50

Cayden's meal costs $16.82 at a local restaurant. The server did their job very well and Cayden would like to leave a 20% tip. What amount of money should he leave for the waitress?

• $13.46

• $1.68

• $20.18

• $3.36