Money Matters Fall 2025 Final Exam — Worksheet Questions

Use the paycheck stub to answer the following question: What is Bob Smith's gross income for the month of May?

• $1600

• $2300

• $3200

Use the paycheck stub to answer the following question: What is Bob's social security deduction for the month of May?

• $198.40

• $64.40

• $3,398.40

Use the paycheck stub to answer the following question: What are Bob's total deductions for the month of May?

• $493.42

• $394.42

• $245.20

Use the paycheck stub to answer the following question: What is Bob's net income for the month of May?

• $3200.00

• $1589.25

• $2805.58

Using the Rule of 72, calculate how long it will take to double your money if the interest rate is 3.5%.

• 20 years

• 21.5 years

• 20.5 years

• $29,000

• $45,000

• $61,000