Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Business Exam
Problem Solving
| Question | Answer |
|---|---|
| The Social Security tax deduction is withheld at a rate on 6.2%. If Sarah's gross pay this week is $800. How much Social Security tax will be withheld from her paycheck? | $49.60 |
| Jalen deposited $1,000 in a savings account that pays interest at 3% compounded annually. What will be the balance in the account at the end of one year? | $1,030 |
| Brad purchase a used car for 4% less than the dealers asking price of $16,000. How much did Brad pay for the car | $15,360 |
| In Jan, Josh opened a savings account and made a deposit of $1,600. Each month from Feb-July made additional deposits of $100.00. From Aug- Dec, he made monthly deposits of $150.00? What was the total amount that he deposited over the year? | $2,950 |
| Justin earn an annual salary of $48,000, which is paid monthly. Following deductions include: ..... What is Justin's net pay for the month? | $2,552 |
| Paul invested $10,000 and expects to earn %6 on the investment. Using the Rule 72, approximately how many years will it take for Paul's investment to be worth $20,000 | 12 |
| Ellen deposited $5,000 in a savings account that pays 4% interest compounded quarterly. What will be the balance in the account at the end of 6 months. | $5,100.50 |
| Michael both 100 shares of stocks at $40 per share and paid a $30 broker;s commission.... What was Michael's rate of return on the stock investment | 21% |
| Sally borrows %250 and will pay interest at an annual rate of 12%. If the loan is to be paid back in 6 months, what is the dollar cost of the interest on this loan? | $15 |
| The annual interest rate is 12%. The borrower paid a total of $720 in interest and repaid the loan in 24 months. What was the principal? | $3,000 |
| Calculate the approximate APR to two places using the following information............. | 14.77% |
| The annual interest rate on your credit card is 21%. What is the monthly rate? | 1.75% |
| Yuri's credit account account has a monthly interest rate of 1.5%. His previous balance was $500 and he paid $300. What will the finance charges be if the creditor uses the adjusted balance method? | $3 |
| Identify two sources of information about businesses and complaints that have been filed against them. What are some other sources for obtaining information about a business | Federal Trade Commission and Consumer Reports |
| Mackenzie wants to purchase a sofa for $900....If Mackenzie produces the required amount, what will be the amount of the loan she receives from her brother. | $225 |
| On Jan 30, 2014 your parents let you $400. On Jan 30, 2015, you repaid the loan by writing your parents a check for $432. What was the annual interest rat your parents charged you for that loan? | 8% |
| The average daily balance on your credit card statement this month is $300. If the annual finance charge on your account is 18%, what will the finance charge be on you statement this month? = | $450 |
| Alicia's credit card statement for July read as follows:.... What is the new balance on Alicia's credit card statement for July ? | $495.50 |
| Jerry needs some quick cash, he pawns his ring which is appraised at $750. The broker agrees to give Jerry a loan for 15%. What is the amount of the loan the broker made to Jerry? | $112.50 |
| Ryan earned $17,000 at his job last year. He pays 15% of his income as taxes. What amount did Ryan pay in taxes last year. | $2,550 |
| Sales taxes in your community is 6%. If you go to a sporting good store and buy a soccer ball for $19,95, headband for $10.00, what amount will you pay once the sales tax id added to your purchase. | $38.05 |
| Sue earned $21,000 at her waitress job last year; she also made $7,000 in tips. She earned $95 interest on her savings and a $5000 gift from her father. Find Sue's gross income for the year? | $28,095 |
| Use the following information to calculate a taxpayer's taxable income:................. | $3500 |
| All the taxable income you receive is called _________income. | gross |
Created by:
user-1781069
Popular Business sets