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Week 2 Math 150 (Spring 22)

Total questions: 13

Worksheet time: 38mins

Name
Class
Date
1.

Use the given chart to determine the tax to be paid for a person who is Married filing Jointly with a taxable income of $21,125

a)

2,332

b)

2,338

c)

2,344

d)

2,140

2.

1 mile is equal to 1610 meters. 1000 meters is equal to 1 kilometer. 60 minutes is equal to one hour. 60 seconds is equal to one minute.

Use the information to convert 90 miles/hour into kilometers/sec. 

a)

around 0.4 km/s

b)

around 4 km/s

c)

around 40 km/s

d)

around 400km/s

3.

The amount of drivers in California with an electric vehicle increased from 30,000 in 2016 to 120,000 in 2020. Find the relative % change during this 4 year period.

a)

2%

b)

3%

c)

4%

d)

300%

4.

If you want your average test score to be AT LEAST 80% and your first two test scores were 74% and 82%. What is the lowest test score your next test can be?

a)

80%

b)

84%

c)

90%

d)

79%

5.

Your taxable income is your gross income minus certain deductions. Which of the following choices below DOES NOT qualify as a deduction:

a)

zip code deduction

b)

standard deduction

c)

charitable deduction

d)

itemized deduction

6.

You purchase a new laptop for a total of $1800 (sale price + tax). If the sales tax rate in that area is 10%, how much was the sale price of the laptop?

a)

around 1637

b)

around 1980

c)

around 1648

d)

around 1700

7.

Which form of tax system charges a constant tax rate?

a)

regressive

b)

progressive

c)

flat

d)

continual

8.

Which statement below is NOT true regarding Social Security tax?

a)

the tax rate is a flat tax

b)

you get taxed on 6.2% of the first $137,700 you make in a year

c)

if you make more than $137,700 in a year then for the remaining portion you get taxed a different %

9.

Which tax below is an example of a progressive tax?

a)

Federal and State Income Taxes

b)

Property Tax

c)

Social Security

d)

Sales Tax

10.

solve the proportion for x: 4x=1218\frac{4}{x}=\frac{12}{18}  

(a)  

11.

If the amount of property tax on a house valued at $800,000 is $9,440, what is the effective tax rate?

a)

1.18%

b)

1.25%

c)

2.14%

d)

2.7%

12.

A $600 item is discounted 20%. When you go to pay for the item, you still have to pay sales tax which is 8%. What is the final cost of the item to the nearest dollar? (just write in the value, do not include in the $ sign)

(a)  

13.

You go to eat with 3 of your friends at a restaurant. You all agree to split the cost equally 4 ways. You all order $120 worth of food. Additionally, the total bill will include a 8% sales tax and a 15% tip (each calculated off the $100 worth of food). After splitting the total bill, what is the amount each person is responsible for paying?

a)

around $37

b)

around $40

c)

around $39

d)

around $35