What is the gross income per paycheck that Hallie receives? Feedback Choice

• A. $1115. 38
• B. $2416. 67
• C. $4833. 33
• D. $9666.

67 Global Incorrect Feedback

The correct answer is $2416. 67. 58000/24 Question 1c of 10 ( 3 Gross Income 585862 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Jasper has an annual salary of $71,000, and his company pays him twice a month. What is the gross income per paycheck that Jasper receives? Feedback Choice

• A. $11,833. 33
• B. $5916. 67
• C. $2958. 33
• D. $1365. 38

Global Incorrect Feedback The correct answer is $2958. 33. 71000/24

Question 2a of 10 ( 1 Required Deductions 585870 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice

• A. income tax and health insurance
• B. Medicare and Social Security
• C. Medicaid and Social Security
• D. pension and Medicare

Global Incorrect Feedback

The correct answer is: Medicare and Social Security. 1 Multiple Choice 2 FICA deduction consists of _____. Feedback Question 2b of 10 ( 1 Required Deductions 585871 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. income tax and health insurance B. pension and Medicare C. Medicaid and Social Security *D.

Medicare and Social Security Global Incorrect Feedback The correct answer is: Medicare and Social Security. 1 Multiple Choice 2 FICA deduction consists of _____. Feedback Question 2c of 10 ( 1 Required Deductions 585872 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. income tax and health insurance B. pension and Medicare *C. Medicare and Social Security D. Medicaid and Social Security Global Incorrect Feedback The correct answer is: Medicare and Social Security. 1 Multiple Choice 2 FICA deduction consists of _____. Feedback Question 3a of 10 ( 3 Required Deductions 585877 )

Maximum Attempts: Question Type: 1 Multiple Choice Maximum Score: Question: 2 Bailee had a gross income of $2358. 33 during each pay period in 2009. If she got paid monthly, how much of her pay was deducted for FICA in 2009? Feedback Choice A. $410. 35 B. $1754. 60 C. $1881. 95 *D. $2164. 95 Global Incorrect Feedback The correct answer is: $2164. 95. Her yearly income is $2358. 33 x 12 = $28,299. 84. FICA is 7. 65% of her income. 0. 0765 x $28,299. 84 = $2164. 95 Question 3b of 10 ( 3 Required Deductions 585878 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Quinton had a gross income of $2741. 7 during each pay period in 2009. If he got paid monthly, how much of his pay was deducted for FICA in 2009? Feedback Choice A. $477. 05 B. $2039. 80 C. $2187. 85 *D. $2516. 85 Global Incorrect Feedback The correct answer is: $2516. 85. His yearly income is $2741. 67 x 12 = $32,900. 04. FICA is 7. 65% of his income. 0. 0765 x $32,900. 04 = $2516. 85 Question 3c of 10 ( 3 Required Deductions 585879 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Kassandra had a gross income of $3008. 33 during each pay period in 2009. If she got paid monthly, how much of her pay was deducted for FICA in 2009?

Feedback Choice *A. $2761. 64 B. $2400. 65 C. $2238. 20 D. $523. 45 Global Incorrect Feedback The correct answer is: $2761. 64. Her yearly income is $3008. 33 x 12 = $36,099. 96. FICA is 7. 65% of her income. 0. 0765 x $36,099. 96 = $2761. 64 Question 4a of 10 ( 3 Required Deductions 585884 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A linguist had a gross income of $53,350 last year. If 17. 9% of his income got withheld for federal income tax, how much of the linguist’s pay got withheld for federal income tax last year? Feedback Choice A. $9. 55 B. $95. 50 C. $954. 97 *D. $9549. 65

Global Incorrect Feedback The correct answer is: $9549. 65. 0. 179 x $53,350 = $9549. 65 Question 4b of 10 ( 3 Required Deductions 585885 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A speech pathologist had a gross income of $62,650 last year. If 18. 9% of her income got withheld for federal income tax, how much of the speech pathologist’s pay got withheld for federal income tax last year? Feedback Choice A. $11. 84 B. $118. 41 C. $118 year. If 17. 1% of his yearly income got withheld for federal income tax, how much got withheld for federal income tax from each of Calvin’s paychecks last year?

Feedback Choice A. $34. 32 B. $82. 38 *C. $343. 23 D. $823. 78 Global Incorrect Feedback The correct answer is: $343. 23. 0. 171 x $2007. 25 = $343. 23. Question 5b of 10 ( 3 Required Deductions 585899 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Bianca received monthly paychecks of $2985. 25 last year. If 14. 4% of her yearly income got withheld for federal income tax, how much got withheld for federal income tax from each of Bianca’s paychecks last year? Feedback Choice A. $42. 99 B. $51. 59 *C. $429. 87 D. $515. 85

Global Incorrect Feedback The correct answer is: $429. 87. 0. 141 x $2,985. 25 = $429. 87 Question 5c of 10 ( 3 Required Deductions 585900 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Alondra received weekly paychecks of $788. 50 last year. If 15. 7% of her yearly income got withheld for federal income tax, how much got withheld for federal income tax from each of Alondra’s paychecks last year? Feedback Choice A. $643. 73 *B. $123. 79 C. $64. 37 D. $12. 38 Global Incorrect Feedback The correct answer is: $123. 79. 0. 157 x $788. 50 = $123. 79.

Question 6a of 10 ( 3 State and Federal Income Taxes 585913 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 If employees pay the same percentage of their income to the government no matter how much they make, this is known as _____. Feedback Choice A. progressive taxation *B. flat taxation C. regressive taxation D. federal income taxation Global Incorrect Feedback The correct answer is: flat taxation. Question 6b of 10 ( 3 State and Federal Income Taxes 585914 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice *A. progressive taxation B. lat taxation C. regressive taxation D. federal income taxation Global Incorrect Feedback The correct answer is: progressive taxation. 1 Multiple Choice 2 If employees who make more money pay a higher percentage of their income to the government, this is known as _____. Feedback Question 6c of 10 ( 3 State and Federal Income Taxes 585915 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 If employees pay the same percentage of their income to the government no matter how much they make, this is known as _____. Feedback Choice A. progressive taxation B. ederal income taxation C. regressive taxation *D. flat taxation Global Incorrect Feedback The correct answer is: flat taxation. Question 7a of 10 ( 1 State and Federal Income Taxes 585926 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. California B. Hawaii C. Massachusetts *D. Wyoming Global Incorrect Feedback The correct answer is: Wyoming. 1 Multiple Choice 2 Which of these states had no state income tax in 2009? Feedback Question 7b of 10 ( 1 State and Federal Income Taxes 585927 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A.

Georgia *B. Michigan C. New Hampshire D. South Carolina Global Incorrect Feedback The correct answer is: Michigan. 1 Multiple Choice 2 Which of these states had a flat state income tax in 2009? Feedback Question 7c of 10 ( 1 State and Federal Income Taxes 585928 ) Maximum Attempts: Question Type: Maximum Score: 1 Multiple Choice 2 Question: Choice A. Florida B. Illinois *C. New Mexico D. Washington Which of these states had a progressive state income tax in 2009? Feedback Global Incorrect Feedback The correct answer is: New Mexico. Question 8a of 10 ( 3 Required Deductions 585935 )

Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Grayson lives and works in Indiana, which has a flat state income tax of 3. 4%. If his annual salary is $49,255 and if he gets paid once a month, how much is withheld from his gross income for state income tax each pay period? Feedback Choice *A. $139. 55 B. $167. 47 C. $1395. 56 D. $1674. 67 Global Incorrect Feedback The correct answer is: $139. 55. First, divide his annual salary by 12 to get his monthly pay ($49,255 / 12 = $4104. 58). Then, calculate the state income tax ($4104. 58 x 0. 034 = $139. 55).

Question 8b of 10 ( 3 Required Deductions 585936 ) Maximum Attempts: Question Type: Maximum Score: 1 Multiple Choice 2 Question: Makenzie lives and works in Colorado, which has a flat state income tax of 4. 63%. If her annual salary is $57,835 and if she gets paid once a month, how much is withheld from her gross income for state income tax each pay period? Feedback Choice *A. $223. 14 B. $267. 78 C. $2231. 47 D. $2677. 76 Global Incorrect Feedback The correct answer is: $223. 14. First, divide her annual salary by 12 to get her monthly pay ($57,835 / 12 = $4819. 58). Then, calculate the state income tax ($4819. 8 x 0. 0463 = $223. 14). Question 8c of 10 ( 3 Required Deductions 585937 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Juliana lives and works in Pennsylvania, which has a flat state income tax of 3. 07%. If her annual salary is $41,995 and if she gets paid once a month, how much is withheld from her gross income for state income tax each pay period? Feedback Choice A. $1289. 25 B. $1074. 37 C. $128. 92 *D. $107. 43 Global Incorrect Feedback The correct answer is: $107. 43. First, divide her annual salary by 12 to get her monthly pay ($41,995 / 12 = $3499. 58).

Then, calculate the state income tax ($3499. 58 x 0. 0307 = $107. 43). Question 9a of 10 ( 3 Required Deductions 585950 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A high school student working part-time as a cook had a gross income of $7650 last year. If his federal tax rate was 10% and his state tax rate was 5. 3%, what was the amount withheld from his pay last year in federal tax, state tax, and FICA combined? Feedback Choice A. $405. 45 B. $765. 00 C. $1170. 45 *D. $1755. 68 Global Incorrect Feedback The correct answer is: $1755. 68. All taxes combined equaled 22. 5%. So, to find his total withholding 0. 2295 x $7650 = 1755. 68. Question 9b of 10 ( 3 Required Deductions 585951 )

Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A high school student working part-time as a cashier had a gross income of $8125 last year. If her federal tax rate was 10% and her state tax rate was 4. 35%, what was the amount withheld from her pay last year in federal tax, state tax, and FICA combined? Feedback Choice A. $353. 44 B. $812. 50 C. $1165. 94 *D. $1787. 50 Global Incorrect Feedback The correct answer is: $1787. 50. All taxes ombined equaled 22%. So, to find her total withholding 0. 22 x $8125 = $1787. 50. Question 9c of 10 ( 3 Required Deductions 585952 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A high school student working part-time as a shelf stocker had a gross income of $6675 last year. If his federal tax rate was 10% and his state tax rate was 3%, what was the amount withheld from his pay last year in federal tax, state tax, and FICA combined? Feedback Choice *A. $1378. 39 B. $867. 75 C. $667. 50 D. $200. 25 Global Incorrect Feedback The correct answer is: $1378. 9. All taxes combined equaled 20. 65%. So, to find his total withholding 0. 2065 x $6675 = $1378. 39. Question 10a of 10 ( 1 Required Deductions 585957 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice *A. Medicare B. Health insurance C. Disability insurance D. Medicaid Global Incorrect Feedback 1 Multiple Choice 2 Which of the following is a required deduction? Feedback The correct answer is: Medicare. Question 10b of 10 ( 1 Required Deductions 585958 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. Medicaid B. Health insurance C.

Disability insurance *D. FICA Global Incorrect Feedback The correct answer is: FICA. 1 Multiple Choice 2 Which of the following is a required deduction? Feedback Question 10c of 10 ( 1 Required Deductions 585959 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice *A. Social Security B. Health insurance C. Disability insurance D. Medicaid Global Incorrect Feedback The correct answer is: Social Security. 1 Multiple Choice 2 Which of the following is a required deduction? Feedback Quiz: Take-Home Pay: Optional Deductions Question 1a of 10 ( 3 Optional Deductions 588243 )

Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Braden’s employer covers 70% of the cost of a $5100-per-year health insurance plan, and Braden’s share of the cost of the plan is his only optional deduction. How much is deducted from Braden’s paycheck each month for health insurance? Feedback Choice A. $315 B. $333 *C. $127. 50 D. $126. 50 Global Incorrect Feedback The correct answer is: $127. 50. First, find the monthly cost of the health insurance plan by dividing by 12. Then, multiply the monthly cost by the employee’s percentage of participation. 5,100 / 12 = $425 $425 x 0. 3 = $127. 50 Question 1b of 10 ( 3 Optional Deductions 588244 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Eli’s employer covers 60% of the cost of a $4900-per-year health insurance plan, and Eli’s share of the cost of the plan is his only optional deduction. How much is deducted from Eli’s paycheck each month for health insurance? Feedback Choice *A. $163. 33 B. $167. 66 C. $245. 00 D. $397. 00 Global Incorrect Feedback The correct answer is: $163. 33. First, find the monthly cost of the health insurance plan by dividing by 12.

Then, multiply the monthly cost by the employee’s percentage of participation. $4,900 / 12 = $408. 33 $408. 33 x 0. 4 = $163. 33 Question 1c of 10 ( 3 Optional Deductions 588245 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Valerie’s employer covers 80% of the cost of a $4700-per-year health insurance plan, and Valerie’s share of the cost of the plan is her only optional deduction. How much is deducted from Valerie’s paycheck each month for health insurance? Feedback Choice A. $100 *B. $78. 33 C. $340. 15 D. $400 Global Incorrect Feedback The correct answer is: $78. 3. First, find the monthly cost of the health insurance plan by dividing by 12. Then, multiply the monthly cost by the employee’s percentage of participation. $4,700 / 12 = $391. 67 $391. 67 x 0. 2 = $78. 33 Question 2a of 10 ( 3 Pretax Income 588250 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A marketing executive earns an annual salary of $78,300, and she contributes $6500 per year to her 401(k) plan. If she has a required deduction for income taxes (federal, state, and local combined) of 27% of pretax income, how much is withheld in income taxes per year?

Choice A. $17,550 *B. $19,386 C. $21,114 D. $22,896 Global Incorrect Feedback The correct answer is: $19,386. First, you must find the pretax income by subtracting the 401(k) contribution from the salary. Then, multiply the percentage withheld for taxes by the pretax income to get income tax withholding. $78,300 – $6500 = $71,800 0. 27 x $71,800 = $19,386 Feedback Question 2b of 10 ( 3 Pretax Income 588251 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A warehouse manager earns an annual salary of $65,700, and he contributes $5800 per year to his 401(k) plan.

If he has a required deduction for income taxes (federal, state, and local combined) of 26% of pretax income, how much does he have withheld in income taxes per year? Feedback Choice A. $15,080 *B. $15,574 C. $17,082 D. $18,590 Global Incorrect Feedback The correct answer is: $15,574. First, you must find the pretax income by subtracting the 401(k) contribution from the salary. Then, multiply the percentage withheld for taxes by the pretax income to get the income tax withholding. $65,700 – $5800 = $59,900 0. 26 x $59,900 = $15,574 Question 2c of 10 ( 3 Pretax Income 588252 )

Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A field project superintendent earns an annual salary of $72,800, and she contributes $7900 per year to her 401(k) plan. If she has a required deduction for income taxes (federal, state, and local combined) of 28% of pretax income, how much does she have withheld in income taxes per year? Feedback Choice A. $22,596 B. $22,120 C. $20,384 *D. $18,172 Global Incorrect Feedback The correct answer is: $18,172. First, you must find the pretax income by subtracting the 401(k) contribution from the salary.

Then, multiply the percentage withheld for taxes by the pretax income to get the income tax withholding. $72,800 – $7,900 = $64,900 0. 28 x $64,900 = $18,172 Question 3a of 10 ( 3 Optional Deductions 589135 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 The cost of $500,000 worth of 20-year term life insurance for Derek is $96. 21 per month. If Derek’s employer covers 85% of this cost, how much is deducted from Derek’s gross income per year for life insurance? Choice A. $81. 78 *B. $173. 18 C. $981. 34 D. $1154. 52 Global Incorrect Feedback The correct answer is: $173. 18.

First, find the yearly cost of the life insurance by multiplying by 12. Then, multiply by the percentage of the employee’s participation. $96. 21 x 12 = $1,154. 12 $1,154. 12 x 0. 15 = $173. 18 Feedback Question 3b of 10 ( 3 Optional Deductions 589136 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 The cost of $500,000 worth of 30-year term life insurance for Fernando is $170. 19 per month. If Fernando’s employer covers 95% of this cost, how much is deducted from Fernando’s gross income per year for life insurance? Feedback Choice *A. $102. 11 B. $161. 68 C. $1940. 17 D. $2042. 28

Global Incorrect Feedback The correct answer is: $102. 11. First, find the yearly cost of the life insurance by multiplying by 12. Then, multiply by the percentage of the employee’s participation. $170. 19 x 12 = $2,042. 28 $2,042. 28 x 0. 05 = $102. 11 Question 3c of 10 ( 3 Optional Deductions 589137 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 The cost of $500,000 worth of 15-year term life insurance for Audrey is $28. 44 per month. If Audrey’s employer covers 75% of this cost, how much is deducted from Audrey’s gross income per year for life insurance? Feedback Choice A. $21. 3 *B. $85. 32 C. $255. 96 D. $341. 28 Global Incorrect Feedback The correct answer is: $85. 32. First, find the yearly cost of the life insurance by multiplying by 12. Then, multiply by the percentage of the employee’s participation. $28. 44 x 12 = $341. 28 $341. 28 x 0. 25 = $85. 32 Question 4a of 10 ( 3 Optional Deductions 589159 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Last year, an automotive technician had a gross income of $32,200, of which she contributed 6% to her 401(k) plan. If she got paid weekly, how much was deducted from each paycheck for her 401(k) plan? Feedback

Choice *A. $37. 15 B. $80. 50 C. $161. 00 D. $276. 00 Global Incorrect Feedback The correct answer is: $37. 15. First, find the weekly pay by dividing the annual income by 52. Then, multiply the weekly pay by the percent of contribution. $32,200 / 52 = $619. 23 $619. 23 x 0. 06 = $37. 15 Question 4b of 10 ( 3 Optional Deductions 589160 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Last year, a construction worker had a gross income of $29,700, of which he contributed 7% to his 401(k) plan. If he got paid monthly, how much was deducted from each paycheck for his 401(k) plan? Feedback

Choice A. $39. 98 B. $86. 63 *C. $173. 25 D. $297. 00 Global Incorrect Feedback The correct answer is: $173. 25. First, find the monthly pay by dividing the annual income by 12. Then, multiply the monthly pay by the percent of contribution. $29,700 / 12 = $2,475 $2,475 x 0. 07 = $173. 25 Question 4c of 10 ( 3 Optional Deductions 589161 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Last year, a janitorial supervisor had a gross income of $34,100, of which he contributed 8% to his 401(k) plan. If he got paid bimonthly, how much was deducted from each paycheck for his 401(k) plan?

Choice A. $52. 46 *B. $113. 67 C. $227. 33 D. $389. 71 Feedback Global Incorrect Feedback The correct answer is: $113. 67. First, find the bimonthly pay by dividing the annual income by 24. Then, multiply the bimonthly pay by the percent of contribution. $34,100 / 24 = $1,420. 83 $1,420. 83 x 0. 08 = $113. 67 Question 5a of 10 ( 3 Optional Deductions 589186 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. Medicare B. Medicaid C. Social Security *D. Disability insurance Global Incorrect Feedback The correct answer is: Disability insurance. 1 Multiple Choice 2 Which deduction is optional?

Feedback Question 5b of 10 ( 3 Optional Deductions 589187 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice 1 Multiple Choice 2 Which deduction is optional? Feedback *A. Life insurance B. Medicaid C. Social Security D. Medicare Global Incorrect Feedback The correct answer is: Life insurance. Question 5c of 10 ( 3 Optional Deductions 589188 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. State income tax *B. 401(k) C. Social Security D. Medicare Global Incorrect Feedback The correct answer is: 401(k). 1 Multiple Choice 2 Which deduction is optional? Feedback

Question 6a of 10 ( 3 Optional Deductions 589196 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Sergio’s employer covers 80% of the cost of a $3300-per-year health insurance plan and 70% of the cost of a $1400-per-year disability insurance plan. If Sergio gets paid monthly, what is the total amount deducted from his gross income for health and disability insurance during each pay period? Feedback Choice A. $45. 00 *B. $90. 00 C. $150. 83 D. $301. 67 Global Incorrect Feedback The correct answer is: $90. 00. First, find the monthly cost for each benefit by dividing by 12.

Then, multiply each by the employee’s percentage of participation. $3300 / 12 = $275 $1400 / 12 = $116. 67 $275 x 0. 2 + $116. 7 x 0. 3 = $90 Question 6b of 10 ( 3 Optional Deductions 589197 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Asako’s employer covers 90% of the cost of a $3500-per-year health insurance plan and 60% of the cost of a $1300-per-year disability insurance plan. If Asako gets paid monthly, what is the total amount deducted from her gross income health and disability insurance during each pay period? Feedback Choice A. $36. 25 *B. 72. 50 C. $163. 75 D. $327. 50 Global Incorrect Feedback The correct answer is: $72. 50. First, find the monthly cost for each benefit by dividing by 12. Then, multiply each by the employee’s percentage of participation. $3500 / 12 = $291. 67 $1300 / 12 = $108. 33 $291. 67 x 0. 1 + $108. 33 x 0. 4 = $72. 50 Question 6c of 10 ( 3 Optional Deductions 589198 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Lou’s employer covers 70% of the cost of a $3800-per-year health insurance plan and 90% of the cost of a $1200-per-year disability insurance plan.

If Lou gets paid monthly, what is the total amount deducted from his gross income for health and disability insurance during each pay period? Feedback Choice A. $24. 23 *B. $105. 00 C. $71. 92 D. $143. 85 Global Incorrect Feedback The correct answer is: $105. 00. First, find the monthly cost for each benefit by dividing by 12. Then, multiply each by the employee’s percentage of participation. $3800 / 12 = $316. 67 $1200 / 12 = $100 $316. 67 x 0. 3 + $100 x 0. 1 = $105 Question 7a of 10 ( 2 Pretax Income 589233 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice *A. $49,016 B. $6684 C. $71,141. 92 D. $14,993. 5 Global Incorrect Feedback The correct answer is: $49,016. First, find the 1 Multiple Choice 2 Violet contributes 12% of her $55,700 annual salary to her 401(k) plan. What is her pretax income? Feedback percentage contributed to the 401(k) plan. Then, subtract that amount from the annual pay. 0. 12 x $55,700 = $6,684 $55,700 – $6684 = $49,016 Question 7b of 10 ( 2 Pretax Income 589234 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. $49,016 *B. $59,808 C. $71,41. 92 D. $14,993. 85 Global Incorrect Feedback The correct answer is: $59,808. First, find the percentage contributed to the 401(k) plan.

Then, subtract that amount from the annual pay. 0. 11 x $67,200 = $7,392 $67,200 – $7392 = $59,808 1 Multiple Choice 2 Mustafa contributes 11% of his $67,200 annual salary to his 401(k) plan. What is his pretax income? Feedback Question 7c of 10 ( 2 Pretax Income 589235 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. $49,016 B. $59,808 1 Multiple Choice 2 Whitney contributes 13% of her $70,600 annual salary to her 401(k) plan. What is her pretax income? Feedback C. $71,41. 92 *D. $61,422 Global Incorrect Feedback The correct answer is: $61,422. First, find the percentage contributed to the 401(k) plan.

Then, subtract that amount from the annual pay. 0. 13 x $70,600 = $9178 $70,600 – $9178 = $61,422. Question 8a of 10 ( 3 Optional Deductions 589271 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Keegan’s annual gross income is $66,800, but FICA is deducted from his paycheck, and 28% of his salary is withheld for income taxes (federal, state, and local combined), as well. If his employer pays 85% of the cost of a $2600-per-year health insurance plan, and if health insurance is Keegan’s only optional deduction, what is his monthly take-home pay? Feedback Choice A. 3397. 98 *B. $3549. 65 C. $3975. 50 D. $5566. 67 Global Incorrect Feedback The correct answer is: $3549. 65. First, find the amount of deduction for taxes by multiplying the salary with the percentage withheld for taxes, including FICA. 66,800 x (0. 0765 + 0. 28) = 23,814. 20 Then, find how much is withheld for health insurance by multiplying the employee’s percentage contribution with the cost of insurance. 2600 x 0. 15 = 390 Subtract the two deductions from the annual salary, and divide by 12 because the question is asking for monthly take-home pay. (66,800 (23,814. 20 + 390)) / 12 = $3549. 65

Question 8b of 10 ( 3 Optional Deductions 589272 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Hank’s annual gross income is $59,400, but FICA is deducted from his paycheck, and 29% of his salary is withheld for income taxes (federal, state, and local combined), as well. If his employer pays 75% of the cost of a $2400-per-year health insurance plan, and if health insurance is Hank’s only optional deduction, what is his monthly take-home pay? Feedback Choice A. $2985. 83 *B. $3085. 83 C. $3464. 50 D. $4950. 00 Global Incorrect Feedback The correct answer is: $3085. 3. First, find the amount of deduction for taxes by multiplying the salary with the percentage withheld for taxes, including FICA. 59,400 x (0. 0765 + 0. 29) = 21,770. 10 Then, find how much is withheld for health insurance by multiplying the employee’s percentage contribution with the cost of insurance. 2400 x 0. 25 = 600 Subtract the two deductions from the annual salary, and divide by 12 because the question is asking for monthly take-home pay. (59,400 (21,770. 10 + 600))/12 = $3085. 83 Question 8c of 10 ( 3 Optional Deductions 589273 ) Maximum Attempts: 1 Question Type: Maximum Score: Question:

Multiple Choice 2 Betty’s annual gross income is $62,900, but FICA is deducted from her paycheck, and 27% of her salary is withheld for income taxes (federal, state, and local combined), as well. If her employer pays 95% of the cost of a $3100-per-year health insurance plan, and if health insurance is Betty’s only optional deduction, what is her monthly take-home pay? Feedback Choice A. $5241. 67 B. $3813. 50 *C. $3412. 51 D. $3180. 01 Global Incorrect Feedback The correct answer is: $3412. 51. First, find the amount of deduction for taxes by multiplying the salary with the percentage withheld for taxes, including FICA. 2,900 x (0. 0765 + 0. 27) = 21,794. 85 Then, find how much is withheld for health insurance by multiplying the employee’s percentage contribution with the cost of insurance. 3100 x 0. 05 = 155 Subtract the two deductions from the annual salary, and divide by 12 because the question is asking for monthly take-home pay. (62,900 (21,794. 85 + 155)) / 12 = $3412. 51 Question 9a of 10 ( 1 Take-home pay 589281 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice *A. gross income – (required deductions + optional deductions) 1 Multiple Choice 2 Take-home pay is equal to _____. Feedback B. C. D. et income – (required deductions + optional deductions) gross income – (required deductions optional deductions) net income – (required deductions – optional deductions) Global Incorrect Feedback The correct answer is: gross income (required deductions + optional deductions). Question 9b of 10 ( 1 Take-home pay 589282 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. B. C. *D. net income – (required deductions – optional deductions) net income – (required deductions + optional deductions) gross income – (required deductions optional deductions) gross income – (required deductions + ptional deductions) Global Incorrect Feedback The correct answer is: gross income (required deductions + optional deductions). 1 Multiple Choice 2 Take-home pay is equal to _____. Feedback Question 9c of 10 ( 1 Take-home pay 589283 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Take-home pay is equal to _____. Choice A. B. *C. D. net income – (required deductions – optional deductions) net income – (required deductions + optional deductions) gross income – (required deductions + optional deductions) gross income – (required deductions optional deductions)

Feedback Global Incorrect Feedback The correct answer is: gross income (required deductions + optional deductions). Question 10a of 10 ( 3 Optional Deductions 589287 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Using the table below, what is Tyson’s take-home pay? Choice A. $40,260 B. $21,437 C. $32,000 *D. $28,524 Feedback Global Incorrect Feedback The correct answer is: $28,524. Use the formula gross income (required deductions + optional deductions) = net income. Question 10b of 10 ( 3 Optional Deductions 589288 )

Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Using the table below, what is Esmeralda’s take-home pay? Choice *A. $40,260 B. $21,437 C. $32,000 D. $28,524 Feedback Global Incorrect Feedback The correct answer is: $40,260. Use the formula gross income (required deductions + optional deductions) = net income. Question 10c of 10 ( 3 Optional Deductions 589289 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Using the table below, what is Xavier’s take-home pay? Choice A. $28,524 B. $40,260 *C. $21,477 D. $33,333 Feedback Global Incorrect Feedback The correct answer is: $21,477.

Use the formula gross income (required deductions + optional deductions) = net income. Quiz: Income and Career Question 1a of 10 ( 1 Self Employment and Business Ownership 589309 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. Timeshare *B. Investment C. FICA D. House purchase 1 Multiple Choice 2 Which of the following is a source of income? Feedback Global Incorrect Feedback The correct answer is: Investment. Question 1b of 10 ( 1 Self Employment and Business Ownership 589310 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice *A. Employment B. Timeshare C. FICA D.

House purchase Global Incorrect Feedback The correct answer is: Employment. 1 Multiple Choice 2 Which of the following is a source of income? Feedback Question 1c of 10 ( 1 Self Employment and Business Ownership 589311 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. House purchase B. Timeshare C. FICA *D. Business ownership Global Incorrect Feedback The correct answer is: Business ownership. 1 Multiple Choice 2 Which of the following is a source of income? Feedback Question 2a of 10 ( 1 Education Levels 589316 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice Multiple Choice 2 Which of these postsecondary degrees comes after a bachelor’s degree (going from lowest to highest)? Feedback A. High school diploma B. Associate degree *C. Master’s degree D. PhD Global Incorrect Feedback The correct answer is: Master’s degree. Question 2b of 10 ( 1 Education Levels 589317 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. High school diploma *B. Bachelor’s degree C. Master’s degree D. PhD Global Incorrect Feedback The correct answer is: Bachelor’s degree. 1 Multiple Choice 2 Which of these postsecondary degrees comes after an associate degree (going from lowest to highest)?

Feedback Question 2c of 10 ( 1 Education Levels 589318 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Which of these postsecondary degrees comes after a master’s degree (going from lowest to highest)? Choice A. High school diploma B. Associate degree C. Bachelor’s degree *D. PhD Global Incorrect Feedback The correct answer is: PhD. Feedback Question 3a of 10 ( 3 Data Analysis 589320 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 What is the median of the following values? 45, 32, 21, 12, 9, 33, 69, 71, 28, 5 Choice A. 8 *B. 30 C. 32 D. 33 Global Incorrect Feedback The correct answer is: 30. Feedback Question 3b of 10 ( 3 Data Analysis 589321 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 What is the median of the following string of values? 55, 18, 58, 49, 8, 77, 62, 26, 7, 91 Choice Feedback A. 49 *B. 52 C. 55 D. 58 Global Incorrect Feedback The correct answer is: 52. Question 3c of 10 ( 3 Data Analysis 589322 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 What is the median of the following string of values? 6, 95, 3, 37, 97, 13, 27, 42, 64, 14 Choice A. 42 B. 37 *C. 32 D. 27 Global Incorrect Feedback The correct answer is: 32. Feedback Question 4a of 10 ( 3 Data Analysis 589326 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 If a company has 5 employees with annual salaries of $20,000, $40,000, $20,000, $60,000, and $70,000, respectively, what is the mean annual salary at the company? Feedback Choice A. $20,000 B. $35,000 C. $40,000 *D. $42,000 Global Incorrect Feedback The correct answer is: $42,000. Question 4b of 10 ( 3 Data Analysis 589327 )

Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 If a company has 5 employees with annual salaries of $30,000, $50,000, $30,000, $80,000, and $70,000, respectively, what is the mean annual salary at the company? Feedback Choice A. $30,000 B. $50,000 *C. $52,000 D. $65,000 Global Incorrect Feedback The correct answer is: $52,000. Question 4c of 10 ( 3 Data Analysis 589328 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 If a company has 5 employees with annual salaries of $90,000, $60,000, $70,000, $90,000, and $20,000, respectively, what is the mean annual salary at the company?

Feedback Choice A. $55,000 *B. $66,000 C. $70,000 D. $90,000 Global Incorrect Feedback The correct answer is: $66,000. Question 5a of 10 ( 3 Unemployment Rate 589330 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 In the country of Apexistan, 7% of the population was unemployed in September of 2007. If there were 147,000,000 people willing and able to work in Apexistan during that month, how many people were unemployed? Feedback Choice *A. 10,290,000 B. 21,000,000 C. 136,710,000 D. 157,290,000 Global Incorrect Feedback The correct answer is: 10,290,000. Question 5b of 10 ( 3 Unemployment Rate 589331 )

Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 In the country of Apexico, 6% of the population was unemployed in February of 2008. If there were 168,000,000 people willing and able to work in Apexico during that month, how many people were unemployed? Feedback Choice *A. 10,080,000 B. 28,000,000 C. 157,920,000 D. 178,080,000 Global Incorrect Feedback The correct answer is: 10,080,000. Question 5c of 10 ( 3 Unemployment Rate 589332 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 In the Apex Republic, 8% of the population was unemployed in May of 2006.

If there were 176,000,000 people willing and able to work in the Apex Republic during that month, how many people were unemployed? Feedback Choice A. 190,080,000 B. 161,920,000 C. 22,000,000 *D. 14,080,000 Global Incorrect Feedback The correct answer is: 14,080,000. Question 6a of 10 ( 3 Unemployment Rate 589335 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. It will decrease by 7%. B. It will decrease by 1%. C. It will increase by 1%. *D. It will increase by 7%. Global Incorrect Feedback The correct answer is: It will increase by 7%. Multiple Choice 2 According to Okun’s law, if the unemployment rate goes from 5% to 3%, what will be the effect on the GDP? Feedback Question 6b of 10 ( 3 Unemployment Rate 589336 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. It will decrease by 9%. B. It will decrease by 3%. C. It will increase by 3%. *D. It will increase by 9%. Global Incorrect Feedback The correct answer is: It will increase by 9%. 1 Multiple Choice 2 According to Okun’s law, if the unemployment rate goes from 7% to 4%, what will be the effect on the GDP? Feedback Question 6c of 10 ( 3 Unemployment Rate 589337 )

Maximum Attempts: Question Type: Maximum Score: Question: Choice *A. It will increase by 11%. B. It will increase by 5%. C. It will decrease by 5%. D. It will decrease by 11%. Global Incorrect Feedback The correct answer is: It will increase by 11%. 1 Multiple Choice 2 According to Okun’s law, if the unemployment rate goes from 6% to 2%, what will be the effect on the GDP? Feedback Question 7a of 10 ( 1 Unemployment 589339 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice 1 Multiple Choice 2 Which type of unemployment is characterized by a worker looking for a job when there is no reason that he or she should not find one?

Feedback *A. Frictional unemployment B. Seasonal unemployment C. Periodic unemployment D. Structural unemployment Global Incorrect Feedback The correct answer is: Frictional unemployment. Question 7b of 10 ( 1 Unemployment 589340 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. Frictional unemployment B. Seasonal unemployment *C. Cyclical unemployment D. Structural unemployment Global Incorrect Feedback The correct answer is: Cyclical unemployment. 1 Multiple Choice 2 Which type of unemployment is caused by a lack of demand for workers as a result of a shrinking economy?

Feedback Question 7c of 10 ( 1 Unemployment 589341 ) Maximum Attempts: Question Type: 1 Multiple Choice Maximum Score: Question: Choice 2 Which type of unemployment is characterized by a mismatch of workers and their skills to jobs available? Feedback A. Frictional unemployment B. Seasonal unemployment C. Cyclical unemployment *D. Structural unemployment Global Incorrect Feedback The correct answer is: Structural unemployment. Question 8a of 10 ( 2 Education Levels 589345 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Stella has a bachelor’s degree.

Based on the bar chart below, how will her employment opportunities change from 2008 to 2018? Choice A. They will decrease by 18%. Feedback B. They will decrease by 17%. *C. They will increase by 17%. D. They will increase by 18%. Global Incorrect Feedback The correct answer is: They will increase by 17%. Question 8b of 10 ( 2 Education Levels 589346 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Emerson has an associate degree. Based on the bar chart below, how will his employment opportunities change from 2008 to 2018? Choice A.

They will decrease by 19%. B. They will decrease by 18%. C. They will increase by 18%. *D. They will increase by 19%. Feedback Global Incorrect Feedback The correct answer is: They will increase by 19%. Question 8c of 10 ( 2 Education Levels 589347 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Eden has a doctoral degree. Based on the bar chart below, how will her employment opportunities change from 2008 to 2018? Choice A. They will decrease by 18%. B. They will decrease by 17%. *C. They will increase by 17%. D. They will increase by 18%. Feedback

Global Incorrect Feedback The correct answer is: They will increase by 17%. Question 9a of 10 ( 3 Unemployment 589358 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 The number of a country’s unemployed workers decreased from 3. 2 million to 2. 5 million last year. If the country’s population remained constant at 74 million, how did its unemployment rate change last year? Feedback Choice A. It decreased by about 9%. *B. It decreased by about 1%. C. It increased by about 1%. D. It increased by about 9%. Global Incorrect Feedback The correct answer is: It decreased by about 1%.

Question 9b of 10 ( 3 Unemployment 589359 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 The number of a country’s unemployed workers increased from 3. 4 million to 5. 5 million last year. If the country’s population remained constant at 76 million, how did its unemployment rate change last year? Feedback Choice A. It decreased by about 27%. B. It decreased by about 3%. *C. It increased by about 3%. D. It increased by about 27%. Global Incorrect Feedback The correct answer is: It increased by about 3%. Question 9c of 10 ( 3 Unemployment 589360 )

Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 The number of a country’s unemployed workers decreased from 5. 3 million to 3. 9 million last year. If the country’s population remained constant at 75 million, how did its unemployment rate change last year? Feedback Choice A. It decreased by about 18%. *B. It decreased by about 2%. C. It increased by about 2%. D. It increased by about 18%. Global Incorrect Feedback The correct answer is: It decreased by about 2%. Question 10a of 10 ( 1 Education Levels 589365 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice *A. nemployment B. employment C. the economy D. the stock market Global Incorrect Feedback The correct answer is: unemployment. 1 Multiple Choice 2 Okun’s law models the relationship between GDP and _____. Feedback Question 10b of 10 ( 1 Education Levels 589366 ) Maximum Attempts: 1 Question Type: Maximum Score: Question: Choice A. employment *B. unemployment C. the economy D. the stock market Multiple Choice 2 Okun’s law models the relationship between GDP and _____. Feedback Global Incorrect Feedback The correct answer is: unemployment. Question 10c of 10 ( 1 Education Levels 589367 )

Maximum Attempts: Question Type: Maximum Score: Question: Choice A. the economy B. employment *C. unemployment D. the stock market Global Incorrect Feedback The correct answer is: unemployment. 1 Multiple Choice 2 Okun’s law models the relationship between GDP and _____. Feedback Quiz: Cost of Living and Budget Question 1a of 10 ( 3 Housing 589524 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Nina heard that as a general rule, she should spend no more than one week’s pay on rent. If Nina’s pay is $27,600 per year, what is the maximum amount per month that she should spend on rent?

Choice *A. $530 B. $828 C. $1610 D. $2300 Global Incorrect Feedback The correct answer is: $530. There are 52 weeks in a year, so take yearly pay and divide it by 52. Feedback Question 1b of 10 ( 3 Housing 589525 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Brock heard that as a general rule, he should spend no more than one week’s pay on rent. If Brock’s salary is $25,200 per year, what is the maximum amount per month that he should spend on rent? Feedback Choice *A. $485 B. $756 C. $1470 D. $2100 Global Incorrect Feedback The correct answer is: $485.

There are 52 weeks in a year, so take yearly salary and divide it by 52. Question 1c of 10 ( 3 Housing 589526 ) Maximum Attempts: Question Type: Maximum Score: 1 Multiple Choice 2 Question: Ashlynn heard that as a general rule, she should spend no more than one week’s pay on rent. If Ashlynn’s salary is $32,400 per year, what is the maximum amount per month that she should spend on rent? Feedback Choice A. $2700 B. $1890 C. $972 *D. $623 Global Incorrect Feedback The correct answer is: $623. There are 52 weeks in a year, so take yearly salary and divide it by 52. Question 2a of 10 ( 2 Housing 589530 )

Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Antawn is looking into getting an apartment that costs $650 per month. How much does he need to make per year in order to comfortably afford this much in rent? Feedback Choice *A. $33,800 B. $65,000 C. $42,800 D. $33,580 Global Incorrect Feedback The correct answer is: $33,800. The rent should be no more than one week’s pay. There are 52 weeks in year, so take the rent and multiply it by 52 to find the pay needed. Question 2b of 10 ( 2 Housing 589531 ) Maximum Attempts: 1 Question Type: Maximum Score: Question:

Multiple Choice 2 Bella is looking into getting an apartment that costs $800 per month. How much does she need to make per year in order to comfortably afford this much in rent? Feedback Choice A. $22,400 *B. $41,600 C. $40,000 D. $38,850 Global Incorrect Feedback The correct answer is: $41,600. The rent should be no more than one week’s pay. There are 52 weeks in year, so take the rent and multiply it by 52 to find the pay needed. Question 2c of 10 ( 2 Housing 589532 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Garrett is looking into getting an apartment that costs $950 per month.

How much does he need to make per year in order to comfortably afford this much in rent? Feedback Choice A. $26,500 B. $25,300 C. $46,600 *D. $49,400 Global Incorrect Feedback The correct answer is: $49,400. The rent should be no more than one week’s pay. There are 52 weeks in year, so take the rent and multiply it by 52 to find the pay needed. Question 3a of 10 ( 1 Housing 589536 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Milena’s take-home pay is $1200 a month. 12% of her take-home pay is spent on her cable bill. How much is Milena’s monthly cable bill? Feedback Choice A. $120 B. 14. 4 C. $104 *D. $144 Global Incorrect Feedback The correct answer is: $144. 0. 12 x 1200 = $144 Question 3b of 10 ( 1 Housing 589537 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Ryan’s take-home pay is $2300 a month. 19% of his take-home pay is spent on groceries. How much do groceries cost Ryan each month? Feedback Choice A. $180 *B. $437 C. $104 D. $234 Global Incorrect Feedback The correct answer is: $437. 0. 19 x 2300 = $437 Question 3c of 10 ( 1 Housing 589538 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Tammy’s take-home pay is $800 a month. % of her take-home pay is spent on her cell phone bill. How much is Tammy’s monthly cell phone bill? Feedback Choice *A. $56 B. $69. 99 C. $76 D. $109 Global Incorrect Feedback The correct answer is: $56. 0. 07 x 800 = $56 Question 4a of 10 ( 3 Budgets 589543 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Santiago’s monthly budget is represented by the pie chart below. What percentage of his monthly budget does Santiago spend on groceries? All amounts are in dollars. Choice A. 6% *B. 11% C. 13% D. 16% Feedback Global Incorrect Feedback The correct answer is: 11%.

First, add up all the amounts given to find total monthly budget. Then, divide groceries by total budget. 319 / 2900 = 0. 11 or 11% Question 4b of 10 ( 3 Budgets 589544 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Liliana’s monthly budget is represented by the pie chart below. All amounts are in dollars. What percentage of her monthly budget does Liliana spend on car expenses? Choice A. 6% B. 11% Feedback *C. 13% D. 16% Global Incorrect Feedback The correct answer is: 13%. First, add up all the amounts given to find total monthly budget. Then, divide car expense by total budget. 429 / 3300 = 0. 3 or 13% Question 4c of 10 ( 3 Budgets 589545 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Doug’s monthly budget is represented by the pie chart below. All amounts are in dollars. What percentage of his monthly budget does Doug put in savings? Choice A. 6% B. 11% C. 13% *D. 16% Global Incorrect Feedback Feedback The correct answer is: 16%. First, add up all the amounts given to find total monthly budget. Then, divide savings by total budget. 496 / 3100 = 0. 16 or 16% Question 5a of 10 ( 3 Comparing Prices 589561 ) Maximum Attempts: Question Type:

Maximum Score: Question: Choice *A. $3. 56/gallon B. 4/lb C. 3. 56/oz D. $3/half gallon Global Incorrect Feedback The correct answer is: $3. 56/gallon. 1 Multiple Choice 2 What is the unit price of a quart of milk for $0. 89? Feedback Question 5b of 10 ( 3 Comparing Prices 589562 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. $3. 16/lb *B. $3. 16/gallon C. 7 pints for $4. 20 D. 3 half-gallons for $5. 40 Global Incorrect Feedback The correct answer is: $3. 16/gallon. 1 Multiple Choice 2 What is the unit price of a quart of juice for $0. 79? Feedback Question 5c of 10 ( 3 Comparing Prices 589563 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. 4. 76/lb B. $6. 60/oz *C. $4. 76/gallon D. $5. 10/fl. oz Global Incorrect Feedback The correct answer is: $4. 76/gallon. 1 Multiple Choice 2 What is the unit price of a quart of iced tea for $1. 19? Feedback Question 6a of 10 ( 3 Savings 589570 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Olivia heard that as a general rule, she should save at least 10% of her take-home pay. If Olivia’s take-home pay is $2460 per month, what is the minimum amount per year that she should save? Feedback Choice A. $205 B. $246 C. $2214 *D. $2952 Global Incorrect Feedback The correct answer is: $2952.

Question 6b of 10 ( 3 Savings 589571 ) Maximum Attempts: Question Type: Maximum Score: 1 Multiple Choice 2 Question: Artis heard that as a general rule, he should save at least 10% of his take-home pay. If Artis’ take-home pay is $2580 per month, what is the minimum amount per year that he should save? Feedback Choice A. $215 B. $258 C. $2322 *D. $3096 Global Incorrect Feedback The correct answer is: $3096. Question 6c of 10 ( 3 Savings 589572 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Reggie heard that as a general rule, he should save at least 10% of his take-home pay.

If Reggie’s take-home pay is $2340 per month, what is the minimum amount per year that he should save? Feedback Choice *A. $2808 B. $2106 C. $234 D. $195 Global Incorrect Feedback The correct answer is: $2808. Question 7a of 10 ( 2 Comparing Prices 589574 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 The table below compares the cost of living in Philadelphia and Cleveland, with the numbers representing percentages of the national average. If the national average for a gallon of gas is $2. 59, how much should you expect to pay for gas in Philadelphia versus Cleveland? Choice *A. 3. 03 / $2. 75 B. $2. 75 / $3. 24 C. $2. 34 / $2. 75 D. $1. 95 / $2. 59 Global Incorrect Feedback The correct answer is: $3. 03 / $2. 75. Since Philadelphia’s cost of transportation is 117% of the national average, take 1. 17 and multiply by 2. 59. Similarly, Cleveland’s cost is 106% of the national average, so take 1. 06 and multiply by 2. 59. Feedback Question 7b of 10 ( 2 Comparing Prices 589575 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 The table below compares the cost of living in New York and Los Angeles, with the numbers representing percentages of the national average.

If the national average for a gallon of gas is $2. 74, how much should you expect to pay for gas in New York versus Los Angeles? Choice A. $3. 03 / $2. 75 B. $2. 75 / $3. 24 *C. $3. 29 / $2. 96 D. $1. 95 / $2. 59 Global Incorrect Feedback The correct answer is: $3. 29 / $2. 96. Feedback Question 7c of 10 ( 2 Comparing Prices 608413 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 The table below compares the cost of living in Philadelphia and Atlanta, with the numbers representing percentages of the national average. If the national average for a gallon of gas is $3. 0, how much should you expect to pay for gas in Philadelphia versus Atlanta? Choice A. $3. 30 / $2. 22 B. $3. 43 / $3. 18 C. $3. 03 / $2. 75 *D. $3. 63 / $3. 22 Global Incorrect Feedback The correct answer is: $3. 63 / $3. 22. Feedback Question 8a of 10 ( 3 Comparing Prices 589586 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Horace wants to buy a pound of pecans. If a 1-pound bag costs $8. 65 and a 4-ounce bag costs $2. 35, how much money would Horace save by buying the 1-pound bag instead of multiple 4-ounce bags? Feedback Choice *A. 0. 75 B. $1. 60 C. $3. 95 D. $6. 30 Global Incorrect Feedback The correct answer is: $0. 75. Question 8b of 10 ( 3 Comparing Prices 589587 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Alondra wants to buy a pound of walnuts. If a 1-pound bag costs $12. 85 and a 4-ounce bag costs $3. 55, how much money would Alondra save by buying the 1-pound bag instead of multiple 4ounce bags? Feedback Choice *A. $1. 35 B. $2. 20 C. $5. 75 D. $9. 30 Global Incorrect Feedback The correct answer is: $1. 35. Question 8c of 10 ( 3 Comparing Prices 589588 )

Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Rick wants to buy a pound of almonds. If a 1-pound bag costs $6. 15 and a 4-ounce bag costs $1. 85, how much money would Rick save by buying the 1-pound bag instead of multiple 4-ounce bags? Feedback Choice A. $0. 60 *B. $1. 25 C. $2. 45 D. $4. 30 Global Incorrect Feedback The correct answer is: $1. 25. Question 9a of 10 ( 3 Housing 589590 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Allen’s monthly take-home pay is $3000, and his monthly rent is $750.

If both his monthly take-home pay and his rent increase by $200, what percentage of Allen’s take-home pay will be used to pay rent? Feedback Choice A. 23. 4% B. 25. 0% *C. 29. 7% D. 31. 7% Global Incorrect Feedback The correct answer is: 29. 7%. Question 9b of 10 ( 3 Housing 589591 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Florence’s monthly take-home pay is $4000, and her monthly rent is $1000. If both her monthly take-home pay and her rent increase by $300, what percentage of Florence’s take-home pay will be used to pay rent? Feedback Choice A. 23. 3% B. 25. 0% *C. 0. 2% D. 32. 5% Global Incorrect Feedback The correct answer is: 30. 2%. Question 9c of 10 ( 3 Housing 589592 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Carl’s monthly take-home pay is $2000, and his monthly rent is $500. If both his monthly take-home pay and his rent increase by $100, what percentage of Carl’s take-home pay will be used to pay rent? Feedback Choice A. 23. 8% B. 25. 0% *C. 28. 6% D. 30. 0% Global Incorrect Feedback The correct answer is: 28. 6%. Question 10a of 10 ( 1 Budget 589597 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice *A. udget B. utilities C. cost of living D. housing Global Incorrect Feedback The correct answer is: budget. 1 Multiple Choice 2 A sum of money that is set aside to be spent for a specific purpose is a _____. Feedback Question 10b of 10 ( 1 Budget 589598 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. a budget B. utilities *C. standard of living D. housing Global Incorrect Feedback The correct answer is: standard of living. 1 Multiple Choice 2 The measure of the quality of a person’s life based on income and the type and quantity of goods available to him or her is _____. Feedback

Question 10c of 10 ( 1 Budget 589599 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice *A. utilities B. bills C. housing expenses D. cost of living Global Incorrect Feedback The correct answer is: utilities. 1 Multiple Choice 2 Services provided by public service companies are also known as _____. Feedback Quiz: Taxable Income Question 1a of 10 ( 1 Taxable Income 596309 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice *A. taxable income B. adjusted gross income C. federal income D. gross income Global Incorrect Feedback The correct answer is: taxable income. Multiple Choice 2 Gross income minus any adjustments, deductions, and exemptions is _______. Feedback Question 1b of 10 ( 1 Taxable Income 596310 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. adjusted gross income *B. gross (total) income C. federal income D. exempt income Global Incorrect Feedback The correct answer is: gross (total) income. 1 Multiple Choice 2 Salary, tips, and interest earned are all included in _______. Feedback Question 1c of 10 ( 1 Taxable Income 596311 ) Maximum Attempts: Question Type: Maximum Score: 1 Multiple Choice 2 Question: Choice

A type of taxation in which people and businesses with higher income pay higher taxes is known as _______. Feedback *A. progressive taxation B. regressive taxation C. flat taxation D. federal taxation Global Incorrect Feedback The correct answer is: progressive taxation. Question 2a of 10 ( 1 Tax Forms 596315 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. W-1 *B. W-2 C. W-4 D. W-5 Global Incorrect Feedback The correct answer is: W-2. 1 Multiple Choice 2 Which of these tax forms reports an employee’s yearly wages, tips, and other compensation? Feedback

Question 2b of 10 ( 1 Tax Forms 596316 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice 1 Multiple Choice 2 Which of these tax forms allows an employee to claim an exemption from federal income tax withholding? Feedback A. W-1 B. W-2 *C. W-4 D. W-5 Global Incorrect Feedback The correct answer is: W-4. Question 2c of 10 ( 1 Tax Forms 596317 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. W-1 *B. W-2 C. W-4 D. W-5 Global Incorrect Feedback The correct answer is: W-2. 1 Multiple Choice 2 Which of these tax forms reports an employee’s yearly Social Security tax withheld?

Feedback Question 3a of 10 ( 2 Tax Forms 596338 ) Maximu 1 m Attempts: Question Multiple Choice Type: Maximu m Score: 2 Question: Lois James’ W-2 form is shown below. How much did Lois have withheld from her yearly pay for Social Security? Choice A. $472. 04 *B. $2018. 40 C. $4465. 71 D. $32,554. 76 Global Incorrect Feedback The correct answer is: $2018. 40. Feedback Question 3b of 10 ( 2 Tax Forms 596339 ) Maximu 1 m Attempts: Question Multiple Choice Type: Maximu m Score: 2 Question: DeShawn Smith’s W-2 form is shown below. How much did DeShawn have withheld from his yearly pay for federal income tax?

Choice A. $472. 04 B. $2018. 40 *C. $4465. 71 D. $32,554. 76 Global Incorrect Feedback The correct answer is: $4465. 71. Feedback Question 3c of 10 ( 2 Tax Forms 596340 ) Maximu 1 m Attempts: Question Multiple Choice Type: Maximu m Score: 2 Question: Etta Jones’ W-2 form is shown below. How much did Etta have withheld from her yearly pay for Medicare? Choice *A. $472. 04 B. $2018. 40 C. $4465. 71 D. $32,554. 76 Global Incorrect Feedback The correct answer is: $472. 04. Feedback Question 4a of 10 ( 2 Deductions and Exemptions 596439 )

Maximum Attempts: Question Type: Maximum Score: Question: Choice 1 Multiple Choice 2 Julie changed her filing status on last year’s tax return from “Single” to “Head of household. ” This resulted in what? Feedback A. She gets less exemptions. B. There was no change in her standard deduction. C. Her standard deduction went down. *D. Her standard deduction went up. Global Incorrect Feedback The correct answer is: Her standard deduction went up. Question 4b of 10 ( 2 Deductions and Exemptions 596440 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. She gets less exemptions.

B. There was no change in her standard deduction. 1 Multiple Choice 2 Jody changed his filing status on last year’s tax return from “Head of household” to “Single. ” This resulted in what? Feedback *C. Her standard deduction went down. D. Her standard deduction went up. Global Incorrect Feedback The correct answer is: His standard deduction went down. Question 4c of 10 ( 2 Deductions and Exemptions 596441 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Lisa changed her filing status on last year’s tax return, and her standard deduction went up.

Which of these could have been the change she made? Feedback Choice *A. “Single” to “Head of household” B. “Head of household” to “Single” C. “Single” to “Married filing separately” D. “Married filing separately” to “Single” Global Incorrect Feedback The correct answer is: “Single” to “Head of household. ” Question 5a of 10 ( 2 Deductions and Exemptions 596486 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A household consists of a married couple, their two-year-old daughter, and their twin six-year-old sons. The couple’s children had no income and lived with their parents all of last year.

How many exemptions can the couple claim on last year’s tax return if they file with the “Married filing jointly” status? Feedback Choice A. 2 B. 3 C. 4 *D. 5 Global Incorrect Feedback The correct answer is: 5. Question 5b of 10 ( 2 Deductions and Exemptions 596487 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A household consists of a married couple and their twin five-yearold daughters. The couple’s children had no income and lived with their parents all of last year. How many exemptions can the couple claim on last year’s tax return if they file with the “Married filing jointly” status?

Choice A. 2 B. 3 *C. 4 D. 5 Feedback Global Incorrect Feedback The correct answer is: 4. Question 5c of 10 ( 2 Deductions and Exemptions 596488 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A household consists of a married couple, their twin three-year-old sons, and their twin eight-year-old daughters. The couple’s children had no income and lived with their parents all of last year. How many exemptions can the couple claim on last year’s tax return if they file with the “Married filing jointly” status? Feedback Choice A. 3 B. 4 C. 5 *D. 6

Global Incorrect Feedback The correct answer is: 6. Question 6a of 10 ( 2 Tax Tables 596499 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Sawyer’s taxable income last year was $59,850. According to the tax table below, how much tax does he have to pay if he files with the “Single” status? Choice A. $8139 B. $8146 C. $11,144 *D. $11,156 Feedback Global Incorrect Feedback The correct answer is: $11,156. Question 6b of 10 ( 2 Tax Tables 596500 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Nadia’s taxable income last year was $62,650.

According to the tax table below, how much tax does she have to pay if she files with the “Single” status? Choice A. $8559 B. $8566 C. $11,844 *D. $11,856 Feedback Global Incorrect Feedback The correct answer is: $11,856. Question 6c of 10 ( 2 Tax Tables 596501 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Gregory’s taxable income last year was $65,750. According to the tax table below, how much tax does he have to pay if he files with the “Single” status? Choice *A. $12,631 B. $12,619 C. $9031 D. $9024 Feedback Global Incorrect Feedback The correct answer is: $12,631.

Question 7a of 10 ( 3 Deductions and Exemptions 596684 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A part-time shipping clerk made $9122. 46 last year. If he claimed himself as an exemption for $3650 and had a $5700 standard deduction, what was his taxable income last year? Choice *A. $0 B. $227. 54 C. $3422. 46 D. $5472. 46 Feedback Global Incorrect Feedback The correct answer is: $0. Question 7b of 10 ( 3 Deductions and Exemptions 596685 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A part-time house cleaner made $9258. 13 last year.

If he claimed himself as an exemption for $3650 and had a $5700 standard deduction, what was his taxable income last year? Feedback Choice *A. $0 B. $91. 87 C. $3558. 13 D. $5608. 13 Global Incorrect Feedback The correct answer is: $0. Question 7c of 10 ( 3 Deductions and Exemptions 596686 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A part-time landscaper made $8996. 32 last year. If she claimed herself as an exemption for $3650 and had a $5700 standard deduction, what was her taxable income last year? Feedback Choice A. $5346. 32 B. $3296. 32 C. $353. 68 *D. 0 Global Incorrect Feedback The correct answer is: $0. Question 8a of 10 ( 1 Filing status 596699 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 An unmarried person, divorced person, or a person legally separated from his or her spouse must choose which filing status when filing federal income tax return? Feedback Choice A. Head of the household *B. Single C. Married filing separately D. Married filing jointly Global Incorrect Feedback The correct answer is: Single. Question 8b of 10 ( 1 Filing status 596700 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A.

Head of the household B. Single C. Married filing separately 1 Multiple Choice 2 Married couples wishing to file a single tax return must choose which filing status when filing federal income tax return? Feedback *D. Married filing jointly Global Incorrect Feedback The correct answer is: Married filing jointly. Question 8c of 10 ( 1 Filing status 596701 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 A single person, who pays for more than half the cost for the upkeep of a home for him- or herself and another dependent must choose which filing status when filing federal income tax return?

Feedback Choice *A. Head of the household B. Single C. Married filing separately D. Married filing jointly Global Incorrect Feedback The correct answer is: Head of the household. Question 9a of 10 ( 3 Tax Forms 596704 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 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? Feedback Choice A. $5901. 64 B. $6358. 53 C. 12,717. 06 *D. $25,434. 12 Global Incorrect Feedback The correct answer is: $25,434. 12. Question 9b of 10 ( 3 Tax Forms 596705 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Angelica had two jobs last year, and she received two W-2 forms. On the first W-2 form, the figure in box 1 was $13,638. 26, while on the second W-2 form, the figure in box 1 was $8791. 42. What was Angelica’s gross income from the two jobs last year? Feedback Choice A. $4846. 84 B. $5607. 42 C. $11,214. 84 *D. $22,429. 68 Global Incorrect Feedback The correct answer is: $22,429. 8. Question 9c of 10 ( 3 Tax Forms 596706 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Alvin had two jobs last year, and he received two W-2 forms. On the first W-2 form, the figure in box 1 was $14,389. 26, while on the second W-2 form, the figure in box 1 was $9397. 18. What was Alvin’s gross income from the two jobs last year? Feedback Choice *A. $23,786. 44 B. $11,893. 22 C. $5946. 61 D. $4992. 08 Global Incorrect Feedback The correct answer is: $23,786. 44. Question 10a of 10 ( 3 Deductions and Exemptions 596716 )

Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 The table below shows last year’s gross income, standard deduction, and number of exemptions for four different workers. Gross income Esther $45,788 Frank $47,612 Macy $41,967 Standard deduction $5,700 $8,350 $5,700 Number of exemptions at $3650 each 2 2 1 Penny $52,785 $8,350 3 Assuming that each worker used the standard deduction and that none of the workers had any additional adjustments, which worker had the lowest taxable income last year? Choice A. Esther *B. Frank C. Macy D. Penny Global Incorrect Feedback The correct answer is: Frank.

Feedback Question 10b of 10 ( 3 Deductions and Exemptions 596717 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 The table below shows last year’s gross income, standard deduction, and number of exemptions for four different workers. Gross income Dante $52,988 Elvira $43,829 Josie $49,789 Standard deduction $8,350 $5,700 $8,350 Number of exemptions at $3650 each 3 1 2 Victor $46,912 $5,700 2 Assuming that each worker used the standard deduction and that none of the workers had any additional adjustments, which worker had the lowest taxable income last year?

Choice *A. Dante B. Elvira C. Josie D. Victor Global Incorrect Feedback The correct answer is: Dante. Feedback Question 10c of 10 ( 3 Deductions and Exemptions 596718 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 The table below shows last year’s gross income, standard deduction, and number of exemptions for four different workers. Gross income Dolly Jerry $51,678 $48,099 Emiliano $45,231 Standard deduction $8,350 $5,700 $5,700 Number of exemptions at $3650 each 2 1 2

Yolanda $55,587 $8,350 3 Assuming that each worker used the standard deduction and that none of the workers had any additional adjustments, which worker had the lowest taxable income last year? Choice A. Dolly Feedback B. Emiliano *C. Jerry D. Yolanda Global Incorrect Feedback The correct answer is: Jerry. Quiz: Itemized Deductions Question 1a of 10 ( 2 Adjusted Gross Income 596977 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. Work expenses B. Medical expenses *C. Moving expenses D. Dental expenses Global Incorrect Feedback The correct answer is: Moving expenses. Multiple Choice 2 Which of the following is an adjustment allowed by the IRS? Feedback Question 1b of 10 ( 2 Adjusted Gross Income 596978 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice *A. Tuition expenses B. Medical expenses C. Work expenses 1 Multiple Choice 2 Which of the following is an adjustment allowed by the IRS? Feedback D. Dental expenses Global Incorrect Feedback The correct answer is: Tuition expenses. Question 1c of 10 ( 2 Adjusted Gross Income 596979 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. Work expenses B. Medical expenses C.

Dental expenses *D. IRA contributions Global Incorrect Feedback The correct answer is: IRA contributions. 1 Multiple Choice 2 Which of the following is an adjustment allowed by the IRS? Feedback Question 2a of 10 ( 3 Itemized Deductions 596988 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Ethan is itemizing deductions on his federal income tax return and had $4200 in medical expenses last year. If his AGI was $39,000, and if medical expenses are deductible to the extent that they exceed 7. 5% of a taxpayer’s AGI, how much can Ethan deduct for medical expenses? Feedback

Choice A. $315 *B. $1275 C. $2925 D. $3885 Global Incorrect Feedback The correct answer is: $1275. Question 2b of 10 ( 3 Itemized Deductions 596989 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Nathan is itemizing deductions on his federal income tax return and had $5800 in medical expenses last year. If his AGI was $46,000, and if medical expenses are deductible to the extent that they exceed 7. 5% of a taxpayer’s AGI, how much can Nathan deduct for medical expenses? Feedback Choice A. $435 *B. $2350 C. $3450 D. $5365 Global Incorrect Feedback The correct answer is: $2350.

Question 2c of 10 ( 3 Itemized Deductions 596990 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Emily is itemizing deductions on her federal income tax return and had $5200 in medical expenses last year. If her AGI was $43,000, and if medical expenses are deductible to the extent that they exceed 7. 5% of a taxpayer’s AGI, how much can Emily deduct for medical expenses? Feedback Choice A. $4810 B. $3225 *C. $1975 D. $390 Global Incorrect Feedback The correct answer is: $1975. Question 3a of 10 ( 3 Itemized Deductions 596999 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice *A.

Moving expenses B. Medical expenses C. Dental expenses D. Nonreimbursed work expenses Global Incorrect Feedback The correct answer is: Moving expenses. 1 Multiple Choice 2 Which of the following is not an itemized deduction? Feedback Question 3b of 10 ( 3 Itemized Deductions 597000 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. Nonreimbursed work expenses B. Medical expenses C. Dental expenses *D. Student loan interest Global Incorrect Feedback The correct answer is: Student loan interest. 1 Multiple Choice 2 Which of the following is not an itemized deduction?

Feedback Question 3c of 10 ( 3 Itemized Deductions 597001 ) Maximum Attempts: Question Type: Maximum Score: Question: Choice A. Nonreimbursed work expenses B. Medical expenses C. Dental expenses *D. IRA contributions Global Incorrect Feedback The correct answer is: IRA contributions. 1 Multiple Choice 2 Which of the following is not an itemized deduction? Feedback Question 4a of 10 ( 3 Itemized Deductions 597068 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Bode’s monthly mortgage payment was $1200 last year, and on average, 11% of each payment was interest.

If Bode itemizes deductions on his federal income tax return, how much can he deduct for mortgage interest? Feedback Choice A. $100 B. $132 C. $1332 *D. $1584 Global Incorrect Feedback The correct answer is: $1584. Question 4b of 10 ( 3 Itemized Deductions 597069 ) Maximum Attempts: Question Type: 1 Multiple Choice Maximum Score: Question: 2 Janica’s monthly mortgage payment was $900 last year, and on average, 13% of each payment was interest. If Janica itemizes deductions on her federal income tax return, how much can she deduct for mortgage interest? Feedback Choice A. $75 B. $117 C. $1017 *D. $1404

Global Incorrect Feedback The correct answer is: $1404. Question 4c of 10 ( 3 Itemized Deductions 597070 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Raafiq’s monthly mortgage payment was $1500 last year, and on average, 12% of each payment was interest. If Raafiq itemizes deductions on his federal income tax return, how much can he deduct for mortgage interest? Feedback Choice *A. $2160 B. $1680 C. $180 D. $125 Global Incorrect Feedback The correct answer is: $2160. Question 5a of 10 ( 3 Itemized Deductions 597082 ) Maximum Attempts: Question Type: Maximum Score: 1 Multiple Choice 2

Question: Melinda is itemizing deductions on her federal income tax return. Her AGI was $295,420 last year, and she contributed $148,160 to charity. If charitable contributions are deductible up to 50% of a taxpayer’s AGI, how much can Melinda deduct for charitable contributions? Feedback Choice A. $74,080 *B. $147,710 C. $148,160 D. $295,420 Global Incorrect Feedback The correct answer is: $147,710. Question 5b of 10 ( 3 Itemized Deductions 597083 ) Maximum Attempts: Question Type: Maximum Score: Question: 1 Multiple Choice 2 Bill is itemizing deductions on his federal income tax return.

His AGI was $325,340 last year, and he contributed $164,580 to charity. If charitable contributions are deductible up to 50% of a taxpayer’s AGI, how much can Bill deduct for charitable contributions? Feedback Choice A. $82,290 *B. $162,670 C. $164,580 D. $325,340 Global Incorrect Feedback The correct answer is: $162,670. Question 5c of 10 ( 3 Itemized Deductions 597084 ) Maximum Attempts: Question Type: 1 Multiple Choice Maximum Score: Question: 2 Gail is itemizing deductions on her federal income tax return. Her AGI was $281,980 last year, and she contributed $142,560 to charity. If charitable