Auto Ownership
This insurance covers damage to other peoples car.
What is property damage
The term for money that individuals earn based on sales of their creations, for example authors , artists or musicians.
What are royalties?
Tax deductions lower your:
Taxable income or taxes
What is the term for a home loan?
mortgage
You lose your wallet which had 2 credit cards. Before you report your card lost, they are both used. One had charges of $230 and the other had charges of $80. How much are you responsible for?
$100
In a data set quartile 1 is 210, the median is 260 and quartile 3 is 320. What is the IQR?
What is 110?
You make $12.50 per hour. You can earn time and a half for each overtime hour. You worked 42 hours. What is your gross pay.
$537.50
What form gives an employee a yearly summary of taxable earnings, taxes withheld and more
W-2
What is the ratio of total monthly housing expenses over monthly gross income.
Front end ratio
You are buying a computer for $875. The store requires a 15% down payment. How much is the down payment?
$131.25
A car is purchased for $27,000 it straight line depreciates and loses all value after 12 years. What is the straight line depreciation equation for this situation.
y=-2,250x+27000
Your gross income this year was $85,000? The maximum for Social Security tax is $98,000. If the tax rate is 6.2%, how much do you owe?
$5,270
How much in dependent deductions does a married couple get with two children and an aunt they support living with them.
$4,500
A room measures 16 ft. by 14 ft. How much would carpet cost for the room if it is $3.50 per square foot?
$784
What is the monthly payment for a $6,000, 3-year loan at 6.4%?
$183.62
A car gets 20 miles per gallon. You are going on a 750 mile trip. The average price of gas is $4.10. How much should you expect to pay.
$153.75
You contribute 18% of the total cost of your individual health care. This is a $67.50 deduction from each biweekly paycheck. What is the employer contribution?
$307.50
Your tax rate is 25%. You reduced your taxable income by contributing $2700 to a flexible spending account. If her wages were $68000 how much did she save using the FSA?
$675
A house was purchased for $180,000 and has an assessed value of $145,000. If the property tax rate is $23.30 per $1,000, how much tax is owed?
$3,378.50
You buy $2,800 worth of furniture on 3-year no-interest if paid-in-full promotion. If you pay the minimum payment of $50 each month, how much do you have to pay in the last month to avoid interest charges?
$1.050
A car is travelling 72 mph when the driver sees a truck pull out on the road ahead. What would be the total stopping distance in feet?
What is 331.2 ft?
A pension pays 1.5% for every year worked. The company uses the average salary for the last 3 years worked, which were $88,000, $91,000, $96,000. If Wilmer worked 24 years, what is his annual pension?
$33,000
What does IRS stand for?
Internal Revenue Service
Your annual gross income is $135,511. your monthly mortgage is $1,233. The annual property tax is $3,300 and the quarterly insurance premium is $360. What is your total monthly payment?
$1,628
Where is Mr. Nicol from?
Canada