Midterm review

In the USA, 2% of the vehicles driven are powered by electric engines. What fraction is equivalent to 2%?

• 1/2

• 1/50

• 1/10

• 1/200

A baseball cap that usually sells for $20 is now on sale for 25% off. What is the sales price of the cap?

• $5.00

• $25.00

• $17.50

• $15.00

Tags

CCSS.6.RP.A.3C

Toni is buying a stereo for $42.00 and must also pay a 7% sales tax. What is the price of the stereo after taxes?

• $44.94

• $49.00

• $39.06

• $29.40

Tags

CCSS.6.RP.A.3C

Terrell is attempting to convert 3/2000 into a percentage. But in his reasoning below he made an error. Describe and correct his error/errors.

Kiki receives a paycheck for 15 hours of work at a rate of $20 per hour. Her paystub lists 401(k) withholdings of $40, FICA of $20, federal income taxes of $26, and a healthcare payment of $8. What is Kiki’s net pay?

• $206

• $254

• $300

• $394

Tags

CCSS.7.EE.B.3

Which expenditures make up the greatest share of state spending?

• Education and health care

• Transportation and corrections

• Low-income assistance and pensions

• Environmental programs and parks

Lamar made $92,000 as a data analyst his first year out of college. He calculated his above-the-line deductions to be $5,500, his itemized deductions to be $7,000, and the standard deduction is $12,950. What deductions is Lamar allowed to take that will minimize his taxes owed?

• He can take all three for $25,450 in deductions

• He can take the $7,000 and the $12,950 for $19,950 in deductions

• He can take the $5,500 and the $12,950 for $18,450 in deductions

• He can take the $5,500 and the $7,000 for $12,500 in deductions

Tags

CCSS.7.NS.A.1D

Maricela calculated that she owes $2,493 in federal taxes after all deductions and credits. Her W-2 states that $2,670 was withheld in federal tax. This means that Maricela…

• Has to pay $177 in taxes owed

• Will receive a refund of $177

• Will pay $177 less in taxes next year since she overpaid this year

• Should speak to her employer to get the $177 in extra taxes that they withheld

Tags

CCSS.6.NS.C.5

Which statement best describes the difference between being paid a wage versus being paid a salary?

• A wage is an hourly rate below $20 per hour, while a salary is an hourly rate above $20 per hour

• A wage is paid based on how many hours you work, while a salary is a fixed amount paid regardless of the number of hours

• A wage is paid every two weeks, while a salary is paid monthly

• A wage is paid to part-time employees, while a salary is paid to full-time employees

Tags

CCSS.RL.11-12.9

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

Who should consider completing a W-4 form?

• Aaliyah, who wants to enroll in her company's 401(k) program for the first time

• Bruno, who just adopted a baby and wants to adjust his tax withholdings

• Carter, who is considering a career change and wants to update his resume

• Denise, who doesn’t like her company’s health insurance plan options