Topic
Q:
Question 1 of 10
Kyra had two jobs last year, and she received two W-2 forms. On the first W-2
form, the figure in box 1 was \( \$ 15,667.88 \), while on the second W-2 form, the
figure in box 1 was \( \$ 9766.24 \). What was Kyra's gross income from the two
jobs last year?
A. \( \$ 12,717.06 \)
B. \( \$ 25,434.12 \)
C. \( \$ 6358.53 \)
D. \( \$ 5901.64 \)
Q:
The cost of \( \$ 500,000 \) worth of 30 -year-term life insurance for Edna is \( \$ 121.04 \)
per month. If Edna's employer covers \( 80 \% \) of this cost, how much is deducted
from Edna's gross income per year for life insurance?
A. \( \$ 96.83 \)
B. \( \$ 1452.48 \)
C. \( \$ 1161.98 \)
D. \( \$ 290.50 \)
Q:
Question 20 of 25
A tour guide who gets paid \( \$ 95 \) for each tour given is an example of what
type of pay?
A. Hourly pay
B. Vacation pay
c. Piece rate
D. Salary
Q:
4.3 Sello invested R65 000 from her mother. He invests the money into a savings account. The
interest rate is \( 12,5 \% \) per annum compounded monthly for 18 months, and it is then
increased to \( 14,2 \% \) per annum compounded quarterly. At the end of 2 years, he withdraws
R15 000 from the account. Calculate how much money he has in his savings account at the
end of 5 years.
Q:
At a real estate agency, an agent sold a house for \( \$ 354,000 \). The commission rate is \( 4.5 \% \) for the real
estate agency and the commission rate for the agent is \( 20 \% \) of the amount the real estate agency
gets. How much did the agency make on the house? How much did the agent earn in commission?
Q:
According to Okun's law, if the unemployment rate goes from \( 3 \% \) to \( 7 \% \), what
will be the effect on the GDP?
A. It will increase by \( 11 \% \).
B. It will increase by \( 5 \% \).
C. It will decrease by \( 11 \% \).
D. It will decrease by \( 5 \% \).
Q:
A carpet salesman earns a base pay of \( \$ 19,800 \) per year and a commission
of \( 12 \% \) of all sales made. If he sold \( \$ 27,200 \) worth of merchandise last year,
what were his total earnings last year?
A. \( \$ 23,064 \)
B. \( \$ 43,736 \)
C. \( \$ 44,624 \)
Q:
c. Richie has a part-time job whilst he is studying at university. His annual salary is \( \$ 23000 \)
which means his marginal tax rate is \( 19 \% \). Calculate the tax paid on the interest earned.
Q:
formula for the profit function
\( C(x)=x^{3}-8 x^{2}+250 x+40 \)
\( k(x)=x^{2}+400 x \)
Q:
Chip has an annual salary of \( \$ 41,000 \), and his company pays him twice a
month. What is the gross income on each paycheck that Chip receives?
A. \( \$ 1708.33 \)
B. \( \$ 788.46 \)
C. \( \$ 3416.67 \)
D. \( \$ 5857.14 \)
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