What decimal represents the percentage: 6%?
0.06
On a pay stub, what does YTD stand for?
Year to date
Write the function for this situation: Eric works with a construction crew and makes $21/hour.
f(x) = 21x
Dax determined that he owes $3721 in federal taxes after all deductions and credits. His W-2 states that $4187 was withheld in federal tax. This means that Dax...
Dax will get a refund of $466
Which represents a larger rational number?
A) One third of community members support raising the property tax
or
B) 24 cents of every state tax dollar go toward funding K-12 education
A
What is 78% of 250?
195
A _____ is paid based on how many hours you work, while a salary is a fixed amount paid regardless of the number of hours
wage
Given the function f(x) = 16x + 200, evaluate f(32).
712
TRUE or FALSE: You might receive a 1099 for receiving unemployment benefits.
TRUE
Which represents a larger rational number?
A) 10% of taxpayers file for an extension each year
or
B) 57 high school sophomores, in a class of 437, paid payroll taxes in the last year
B
If a shirt with an original price of $30 is on sale for 25% off, what will be the sale price?
$22.50
Progressive, Regressive, or Proportional --
Which accurately describes income tax?
Progressive
Given that f(x) = -2x + 10, what ordered pair represents f(3)?
(3, 4)
Jillian's W-2 says she paid $525 in state income tax. What are the 2 largest state programs funded by these taxes?
education and healthcare
The shoes you want cost $119.99. Sales tax is 7%. What will be your final cost?
$128.39
If Ella's gross pay is $1926.45 and her net pay is $1464.12, what percentage of her earnings went to taxes and other payroll deductions?
24%
Which two major programs are funded by payroll taxes?
Social Security and Medicare
Every pay period, Tara pays 14% of her gross pay in taxes and an additional $300 in voluntary retirement deductions. Write an equation that represents Tara's net pay, where x represents her gross pay per pay period.
f(x) = .86x - 300
Cal made $79,000 last year as a truck driver, placing him in the 22% marginal tax bracket. Will his effective tax bracket be higher or lower that 22%?
lower
If Hayley earns $14/hour and can work a maximum of 25 hours per week, is it possible for her to earn a gross pay of $400 in one week?
No
Max completed his taxes and found that he owes $3731.25 in federal taxes. If his taxable income for the year was $24,875, what is his effective tax rate?
15%
TRUE or FALSE: Reagan, who just adopted a baby, wants to adjust her tax withholdings. What form should she complete?
W-4
Terri has a lawn care business. It costs her approximately $200/week to maintain her equipment and purchase gas, and she makes $25 for every lawn she mows. She can model her profits with the function f(x) = 25g - 200, where x is the number of lawns mowed. If she has a potential client list with 22 lawns, what expressions represent the domain and range for this function?
Domain: 0 ≤ x ≤ 22
Range: -200 ≤ f(x) ≤ 350
Ellie's gross income last year was $43,000 as an independent contractor. She is able to apply deductions of $7500 for personal expenses and $2900 in business expenses. The standard deduction is $13,850. What will be Ellie's taxable income?
43,000 - 13,850 - 2900 = $26,250
According to this piecewise function, what is the case notation for inputs resulting in an output of 3?
2 ≤ x < 4