consumer math help mee!? - #1 - Hell Bill, Bills, Online Bill Pay, Pay Bill Online, Bill Of Rights, Bill Of Sales, Bill Payment

Andrew · 12-21-2011, 09:06 PM

19. The total sale price for purchase at one store is $268.97. The total sale price at another store is $240.95. You have an additional 10% off coupon for the second store for purchases over $200.00. How much more would you save by shopping at the second store? (1 point)$1.12
$32.12
$28.02
$52.12

20. You are paid $7.25/hour. You work 40 hours/week for 2 weeks. Your involuntary deductions are FICA (7.65%), federal withholding (14%), and state withholding (7%). How much is your realized income? (1 point)$290.00
$206.91
$580.00
$413.83

21. The original cost of a pair of jeans is $26.49. You buy 3 pairs. The jeans are on sale for 25% off and there is a 4.75% sales tax. How much will you pay? (1 point)$62.43
$59.60
$83.24
$79.47

22. You have 105 cowry shells. If a dozen eggs (12 eggs) cost 10 cowry shells, how many eggs can you purchase? (1 point)12 dozen
8 dozen
10 dozen
5 dozen

23. You buy 2 gallons of milk at $3.29/gallon, 4 gallons of ice cream at $3.59/gallon, and 5 lbs of strawberries at $0.72/lb. Food sales tax is 3.75%. What is your total cost? (1 point)$24.54
$25.46
$33.74
$7.89

24. If you have 13% withheld for federal taxes, 9% for state taxes, and FICA is 7.65%, how much are your involuntary withholdings in all if your gross pay was $2,785.00 and your net income was $1,794.23? (1 point)$990.77
$1,959.25
$825.75
$531.99

25. Your parents have a credit card with a balance of $2,748.56. The interest rate is 10.5% APR. A late payment fee of $40.00 is added to the principal if they pay after 6/1. They make a payment for $300.00 on 6/1. How much interest did they pay? (1 point)$24.05
$288.60
$24.40
$297.00

26. You order an appetizer for $12.99, 2 entrees for $12.99 each, and a dessert for $4.29. The sales tax is 6% and you leave a 15% tip based on the bill with sales tax. What is the total cost of your restaurant outing? (1 point)$44.32
$50.97
$43.26
$52.74

27. You purchase 9.25 gallons of gasoline at $3.15/gallon. You also buy gum ($1.10) and windshield wiper fluid ($4.97). The state has a food tax of 4% and you give the clerk $30.00 cash. How much is charged to your debit card? (1 point)$35.21
$5.21
$35.25
$5.25

28. Knowing that you use 275 KWH from 7 a.m.—7 p.m. and 265 KWH 7 p.m.—7 a.m., answer the following question using the chart below.

Constant Usage
$0.06624/KWH

Daytimer (most usage between 7 a.m.—7 p.m.)

As long as most power used is from 7 a.m.—7 p.m., then you receive a 20% discount on power usage between 7 p.m.—7 a.m.
$0.06831/KWH

NightTimer (most usage from 7 p.m.—7 a.m.)

If more than 50% of power usage is outside of 7 p.m.—7a.m., then you have to pay the Daytimer rate for all power used between 7 a.m.—7 p.m.
$0.06445/KWH

How much have you paid on the NightTimer plan?

(1 point)$35.87
$34.80
$36.89
$35.77

29. Your parents’ original purchase price was $1,550.00 plus 7.25% sales tax. They enter into an agreement where the interest (11.75% APR) is waived for the first 12 months provided they make the required monthly payments; otherwise the interest is accrued from the date of purchase. They miss the first payment due date. The late fee is $29.00. How much is the interest? (1 point)$195.33
$16.27
$182.13
$15.18

30. Your parents have the following expenses. What should their monthly estimated expenses be?

Expense Type
Cost

Rent (monthly)
$967.43

Groceries (weekly)
$113.00

Telephone (monthly)
$64.44

Car payment (bi-monthly)
$192.58

(1 point)$1,336.17
$1580.16
$1,890.00
$1,680.24

31. Your parents make a purchase of $2,975.34 using a popular reward credit card that gives you 1% cash back. If the credit card has a 13.5% APR and you do not make a payment the first month, how much is the difference between the interest and reward? (1 point)$29.75
$371.92
$3.72
$33.47

32. Your parent’s mortgage is $231,450 at a 4.65% APR. If they pay $2,236 toward the mortgage each month, how much of the payment is applied toward the principal at the end of the second month? (1 point)$2,678.26
$4,437.34
$1,339.13
$1,344.32

33. You work 35 hours/week for 52 weeks and are given the option to be paid hourly or to go on salary. In which situation will you earn the most? (1 point)$32,000/year
$18.50/hour
$30,000/year with a 5% bonus
$17.50/hour and a $1,500 bonus at the end of the year

34. What is the total of your parents’ fixed expenses?

Expense
Amount

Rent
$998.50

Groceries (bi-weekly)
$195.40

Charge card
$258.90

Cell phone
$65.78

Name brand khakis for work (store brand optional)
$34.95

(1 point)$1,713.98
$1,518.69
$1,748.13
$1,553.53

35. Your gross pay is $1,843.45. Your involuntary deductions are FICA (7.65%), federal withholding (9%), and state withholding (6.5%). How much are you allowed for housing and fixed expenses? (1 point)$516.17
$663.64
$510.01
$396.68 - consumer math help mee!?

12-21-2011, 09:06 PM	#1 (permalink)
Andrew Senior Member Join Date: May 2011 Posts: 483 User Status:	consumer math help mee!? 19. The total sale price for purchase at one store is $268.97. The total sale price at another store is $240.95. You have an additional 10% off coupon for the second store for purchases over $200.00. How much more would you save by shopping at the second store? (1 point)$1.12 $32.12 $28.02 $52.12 20. You are paid $7.25/hour. You work 40 hours/week for 2 weeks. Your involuntary deductions are FICA (7.65%), federal withholding (14%), and state withholding (7%). How much is your realized income? (1 point)$290.00 $206.91 $580.00 $413.83 21. The original cost of a pair of jeans is $26.49. You buy 3 pairs. The jeans are on sale for 25% off and there is a 4.75% sales tax. How much will you pay? (1 point)$62.43 $59.60 $83.24 $79.47 22. You have 105 cowry shells. If a dozen eggs (12 eggs) cost 10 cowry shells, how many eggs can you purchase? (1 point)12 dozen 8 dozen 10 dozen 5 dozen 23. You buy 2 gallons of milk at $3.29/gallon, 4 gallons of ice cream at $3.59/gallon, and 5 lbs of strawberries at $0.72/lb. Food sales tax is 3.75%. What is your total cost? (1 point)$24.54 $25.46 $33.74 $7.89 24. If you have 13% withheld for federal taxes, 9% for state taxes, and FICA is 7.65%, how much are your involuntary withholdings in all if your gross pay was $2,785.00 and your net income was $1,794.23? (1 point)$990.77 $1,959.25 $825.75 $531.99 25. Your parents have a credit card with a balance of $2,748.56. The interest rate is 10.5% APR. A late payment fee of $40.00 is added to the principal if they pay after 6/1. They make a payment for $300.00 on 6/1. How much interest did they pay? (1 point)$24.05 $288.60 $24.40 $297.00 26. You order an appetizer for $12.99, 2 entrees for $12.99 each, and a dessert for $4.29. The sales tax is 6% and you leave a 15% tip based on the bill with sales tax. What is the total cost of your restaurant outing? (1 point)$44.32 $50.97 $43.26 $52.74 27. You purchase 9.25 gallons of gasoline at $3.15/gallon. You also buy gum ($1.10) and windshield wiper fluid ($4.97). The state has a food tax of 4% and you give the clerk $30.00 cash. How much is charged to your debit card? (1 point)$35.21 $5.21 $35.25 $5.25 28. Knowing that you use 275 KWH from 7 a.m.—7 p.m. and 265 KWH 7 p.m.—7 a.m., answer the following question using the chart below. Constant Usage $0.06624/KWH Daytimer (most usage between 7 a.m.—7 p.m.) As long as most power used is from 7 a.m.—7 p.m., then you receive a 20% discount on power usage between 7 p.m.—7 a.m. $0.06831/KWH NightTimer (most usage from 7 p.m.—7 a.m.) If more than 50% of power usage is outside of 7 p.m.—7a.m., then you have to pay the Daytimer rate for all power used between 7 a.m.—7 p.m. $0.06445/KWH How much have you paid on the NightTimer plan? (1 point)$35.87 $34.80 $36.89 $35.77 29. Your parents’ original purchase price was $1,550.00 plus 7.25% sales tax. They enter into an agreement where the interest (11.75% APR) is waived for the first 12 months provided they make the required monthly payments; otherwise the interest is accrued from the date of purchase. They miss the first payment due date. The late fee is $29.00. How much is the interest? (1 point)$195.33 $16.27 $182.13 $15.18 30. Your parents have the following expenses. What should their monthly estimated expenses be? Expense Type Cost Rent (monthly) $967.43 Groceries (weekly) $113.00 Telephone (monthly) $64.44 Car payment (bi-monthly) $192.58 (1 point)$1,336.17 $1580.16 $1,890.00 $1,680.24 31. Your parents make a purchase of $2,975.34 using a popular reward credit card that gives you 1% cash back. If the credit card has a 13.5% APR and you do not make a payment the first month, how much is the difference between the interest and reward? (1 point)$29.75 $371.92 $3.72 $33.47 32. Your parent’s mortgage is $231,450 at a 4.65% APR. If they pay $2,236 toward the mortgage each month, how much of the payment is applied toward the principal at the end of the second month? (1 point)$2,678.26 $4,437.34 $1,339.13 $1,344.32 33. You work 35 hours/week for 52 weeks and are given the option to be paid hourly or to go on salary. In which situation will you earn the most? (1 point)$32,000/year $18.50/hour $30,000/year with a 5% bonus $17.50/hour and a $1,500 bonus at the end of the year 34. What is the total of your parents’ fixed expenses? Expense Amount Rent $998.50 Groceries (bi-weekly) $195.40 Charge card $258.90 Cell phone $65.78 Name brand khakis for work (store brand optional) $34.95 (1 point)$1,713.98 $1,518.69 $1,748.13 $1,553.53 35. Your gross pay is $1,843.45. Your involuntary deductions are FICA (7.65%), federal withholding (9%), and state withholding (6.5%). How much are you allowed for housing and fixed expenses? (1 point)$516.17 $663.64 $510.01 $396.68 - consumer math help mee!?