WorksheetsMMA - 4th Six Wk Review
Total questions: 13
Worksheet time: 9mins
Mr. Jenkins went on one business trip during the month of August. His travel expenses for the trip are recorded in the table.
Mr. Jenkins has a monthly expense allowance, E, that is determined by the formula: E=0.0045N+325 . If he earns a net salary of $6,265 per month, then how much more could he have spent on this trip?
(a)
Julie is a sales representative for a department store and is paid a monthly salary of $3,300 plus a 3% commission on all sales. Deductions from her pay average 27% per month. She is trying to rent a larger apartment that requires her take home pay to be at least $4,000 to qualify. After deductions, how much in sales must Julie haver per month to qualify for the apartment?
(Use the equation: (1−d)(B+rs)=Budget
$27,648.40
$23,333.00
$6,300.00
Not enough information
The total wages of an employee at a manufacturing company can be determined by a linear function M(h), where h is the number of hours worked.
If the employee earns $9.25 per hour worked, which of the functions best represents the situation?
M(h)=9.25h
M(h)=9.25+h
M(h)=9.25h
M(h)=h−9.25
Jaime has just started a new job that will increase her monthly take home pay from $2,975 to $3,750. She has a very specific budget that divides her income into the 7 categories shown in the table. Jaime would like to get a more reliable car. If she keeps the cost of transportation at the same percentage of her income, how much more can she afford to spend for a car after she begins her new job?
(a)
The amount that a salesman at Quick-Car-Sales earns in one month is determined by the function f(s)=0.05s+1000 .
If Barry works as a a salesman and has a monthly personal budget of $2,500, what is the minimum amount of total sales required for Barry to earn enough to stay on his budget?
(hint: try plugging them in)
$30,000
$70,000
$50,000
$1,125
The amount earned by an insurance salesman is a percentage of the dollar value of the policies sold. If a salesman earns $4,375 for sales of policies valued at $350,000, then what would the salesman earn on policies valued at $275,000?
(hint: set up a proportion, cross multiply and divide)
$3,500
$2,750
$3,437.50
$5,568.18
An elderly couple is trying to decide whether to retire to a community in Orange Beach, AL, or to a community in Fort Walton, FL. The cost of living is basically the same in the two communities except for property and sales taxes.
If the couple purchases a house for $180,000 and spends approximately $18,000 a year on taxable goods and services, then determine the difference in the total taxes paid in each location per year.
(a)
A statement for the earnings of an employee at Crystal Clean is shown.
What percentage of the employee's gross pay is the current federal tax amount?
(current earningsfed tax)
12.2%
48.8%
15.57%
21.65%
A candidate for president has proposed to offer new income tax brackets to be used by the IRS to determine a person's owed tax according to their personal income level, as shown in the table.
If the candidate's proposal was to become law, what amount of tax would be paid by taxpayers who had the following incomes?
Person A: $13,780
Person B: $218,600
Person C: $137.500
A: $2,067
B: $87,440
C: $34,375
A: $2,067
B: $55,940
C: $32,875
A: $2,067
B: $139,690
C: $36,625
A: $2,250
B: $87,440
C: $34,375
Mr. Jensen is a senior citizen who qualifies for a $50,000 deduction on his property tax. The tax rate on his property is $2.74 for each $100 of appraised value for the year. Mr. Jensen's property has been appraised at $218,000.
What is Mr. Jensen's property tax for the year?
(a)
Julie is considering purchasing a home and is comparing the annual property taxes for two houses. The houses are located in adjacent counties in Texas. The assessed value and annual property tax information for each house is shown in the table.
Which statement about the comparison of property taxes for the two houses is TRUE?
The property tax for House 2 in Comal County will be $454.30 higher annually than for House 1 in Bexar county.
The property tax for House 1 in Bexar County will be $11,069.90 higher annually than for House 2 in Coral county.
The property tax for House 2 in Comal County will be $13,283.88 higher annually than for House 1 in Bexar county.
The property tax for House 1 in Bexar County will be $1,106.99 higher annually than for House 2 in Comal county.
Joanne is a college student assessing her options for opening a checking account. The table shows the options and fees of four different banks she is considering.
Which statement about Joanne's banking options is TRUE?
Bank B will cost Joanne $0.00 a month if she receives two $260 direct deposit paychecks from her employer each month.
Bank C will cost Joanne $50 a month if she receives one $275 direct deposit paycheck from her employer each month.
Bank D allows Joanne to avoid a minimum initial deposit and monthly fees if she receives two $260 direct deposits from her employer each month.
Bank A allows Joanne to use any amount of funds in her account without fees if she receives one $275 direct deposit from her employer each month.
Rob bought a new motor scooter for $1,430. He made a down payment of $130, and he has four options for paying off the balance. Which option will cost him the least?
Make payments of $80 per month for a total of 18 months using a store credit card.
Put it on a bank credit card and pay the balance off in 15 months with total interest charges of $156.15.
Take monty out of an interest-bearing retirement fund and pay a 15% penalty not he withdrawal.
Borrow from a family member and pay them back with 12 monthly payments of $125.
