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booth2012
: 1. Find the Net Pay:
40 hours worked, $7.85 an hour.
Deductions: Federal tax $32.24, Social Security $24.02, Other $24.53(Points : 2)
$300
$314
$330.31
$233.21


2. Find the Net Pay: hours worked--27 1/4, $5.15 an hour, Federal tax--$6.19, Social Security--$10.74, Other--$6.37.(Points : 2)
$151.26
$140.34
$117.04
$127.96


3. Cyril's net pay for the month was $926.45. If his gross pay is $1300.00, his net pay is what percent of the gross pay?(Points : 2)
14%
71%
29%
140%


4. What is Curtis's Net Pay? (Find the gross pay first.)
(Points : 2)


5. Find the Net Pay: $678 gross pay, Federal Withholding $132, FICA $51.87, State $43.15, Health $13.25.(Points : 2)
$437.73
$653.67
$701.73
$678


6. Deductions this Week: Federal Tax $52.02, FICA $33.02, State $5.33. Find the annual Federal Tax deduction.(Points : 2)


7. Find the Local Tax deducted: $456 biweekly, 2 1/2 % tax.(Points : 2)
$11.40
$9.12
$114
$9.58


8. Find the amount of Social Security deducted: $37890 annually.(Points : 2)
$2273.40
$2898.59
$728.65
$1234.15


9. Find the state income tax deducted: gross pay of $978, state income tax 5%.(Points : 2)


10. Find the Take-Home percent of the Gross Pay: Net Pay $2301.23, Gross Pay $3984. Round to the nearest percent.(Points : 2)


11. Your employer pays 75% of your health insurance premium. If the annual premium is $2530, and you are paid weekly, how much is deducted from each paycheck?(Points : 2)
$632.50
$1897.50
$36.49
$12.16


12. Your insurance premium is $350 per month. If your employer pays 90%, how much is deducted from your paycheck each month?(Points : 2)


13. Nuno has $10.50 deducted from his weekly paycheck for health care. If his employer pays 70% of the premium, how much is his annual premium?(Points : 2)
$546
$1820
$382.20
$2200


14. Your medical bill is $1567. You have $200 deductible, plus 75% medical insurance? How much will you pay?(Points : 2)


15. Annual Premium per $1000
Age Male Age Female
10 Year 20 Year Straight Life
20 23 2.50 3.80 12.67
25 28 3.25 5.84 15.66
30 33 3.82 7.93 18.98
35 38 4.55 10.33 22.38
40 43 5.78 13.68 28.77
45 48 7.53 17.56 31.90


What would be the premium for a 48 year old female for a straight life, $220,000 policy?

(Points : 2)


16. How much less would a 25 year old male pay for a $50,000 policy of 20 y life insurance @ $5.84 per $1000, than a straight life policy @ $15.66 per $1000?(Points : 2)
$783
$491
$292
$415


17. Allan purchased $135,000 of 10 y life insurance @ $4.55 per $1000, at age 35. What will be his total premiums over the 10 y?(Points : 2)


18. What is the premium for $75,000 for a 30 year old male, for a 10 y policy?
Annual Premium per $1000



Age Male Age Female 10 year 20 Year Straight Life
20 23 2.50 3.80 12.67
25 28 3.25 5.84 15.66
30 33 3.82 7.93 18.98
35 38 4.55 10.33 22.38


(Points : 2)
$1500
$587.25
$286.50
$1415.25


19. How much less would a 23 year old female pay for a $35,000 policy of 20y life insurance (@ $3.90 per $1000) than straight life (@ $15.78 per $1000)?(Points : 2)


20. Your employer pays 85% of your health insurance premium. If your premium is $5236 annually, how much is your share of the premium?(Points : 2)


21. Arthur bought a $90,000 life insurance policy at $10.98 for a 20 year term. What will he pay over 20 years for the premium?(Points : 2)


22. Your health insurance premium is $4211 annually. If your employer pays 80% and you are paid monthly, how much is deducted from each monthly check?(Points : 2)
$16.20
$70.18
$842.20
$900.00


23. Annual Premium per $1000
Age Male Age Female 10 Year 20 Year Straight Life
25 28 3.25 5.84 15.66
30 33 3.82 7.93 18.98
35 38 4.55 10.33 22.38


How much is the life insurance premium for a 30 year old male, $320,000 straight life policy?

(Points : 2)
$18.98
$569.40
$3200
$6073.60


24. Annual Premium per $1000
Age Smoker Age Non-Smoker
10 year 20 year
20 25 2.55 3.60
25 30 3.12 5.74
30 35 3.80 7.85
35 40 4.25 9.36


Some insurance companies charge more if you smoke cigarettes. What is the difference in the annual life insurance premiums paid by a 35 year old smoker and a 35 year old non-smoker, if they both take out a $100,000 policy for 20 y term?

(Points : 2)
$151
$259
$765
$9.35
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