Math 20 Question Multiple Choice Quiz

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Nathaniel buys a pair of jeans costing $45.30. Using the table below to find the sales tax on this item, what is the total purchase price? Amount of SaleTax 44.70 ? 44.892.92 44.90 ? 45.092.93 45.10 ? 45.292.94 45.30 ? 45.492.95 a.$48.35 b.$48.25 c.$47.00 d.$48.02 Eva purchases a bicycle costing $150.95. State taxes are 5.5% and local sales taxes are 2.4%. The store charges $30 for assembly. What is the total purchase price? (Round your answer to the nearest cent if necessary)
a.$155.95 b.$192.88 c.$161.41 d.$168.25 Georgia bought outdoor furniture for a total purchase price of $2,150.75. State taxes were 5.75%. Find the amount of the sales tax. (Round your answer to the nearest cent if necessary)
a.$123.67 b.$116.94 c.$109.91 d.$154.08 Spiros purchases a Rolex watch costing $10,600. State taxes are 4.5% and the federal excise tax is 11%. What is the total purchase price? a.$11,752 b.$11,320 c.$11,128 d.$12,243 Al purchases a speedboat costing $24,500. State taxes are 5.5% and federal excise tax is 13%. What is the total purchase price? (Round your answer to the nearest cent if necessary)
a.$25,442.50 b.$27,128.50 c.$29,032.50 d.$26,240.00 You have some property that has an assessed value of $87,500. If the tax rate is $8.79 per $100 of assessed value, calculate the tax due. (Round your answer to the nearest cent if necessary)
a.$8,999.63 b.$7,722.60 c.$9,325.36 d.$7,691.25 Logan and Marlo are married and filing jointly. Their taxable income is $74,223. Use the Tax Table, Exhibit 18-3 from your text, to find their tax liability. a.$12,969 b.$10,269 c.$10,256 d.$14,413 Isabella is filing as the head of a household. Her taxable income is $68,014. Use the Tax Table, Exhibit 18-3 from your text, to find the tax liability. a.$9,296 b.$13,206 c.$12,863 d.$11,419 Caterina is single. Her taxable income is $59,541. Find the tax liability using the Tax Table, Exhibit 18-3 from your text. a.$8,094 b.$10,911 c.$11,081 d.$11,056 How much would Olga’s semiannual premium be for a 5-year term insurance policy with a face value of $350,000, based on Tables 19-1 and 19-2 from your text? She turned 26 years old on her last birthday. (Round your answer to the nearest cent) a.$549.70 b.$456.82 c.$450.00 d.$392.50At age 22, Valencia has decided to purchase a 5-year term insurance policy with face value of $165,000. Use the table in the book to calculate her semiannual premium. a.$190.48 b.$192.27 c.$366.30 d.$351.90 At age 29, Wendi purchased a 20-year endowment insurance policy with face value of $230,000. She is now 32 and wants to cancel her policy. Determine the amount of reduced paid-up insurance to which she is entitled. a.$17,338 b.$22,310 c.$19,879 d.$15,070 Sunshine was transferred to another city and must sell her home. She renewed her homeowner’s policy effective 11 months ago, with an annual premium of $902.00. How much of a refund will she receive based on Table 19-5 in your text? a.$39.97 b.$87.41 c.$91.74 d.$45.10 Maya was involved in an auto accident in which she was at fault. Her own car sustained $1,926 damages and the other vehicle cost $1,126 to repair. Maya was not injured, but the driver of the other car required medical treatment costing $3,448 and a passenger’s injuries totaled $3,946. Maya’s policy includes 10/20/5 liability, $250 deductible collision and full coverage comprehensive. How much of the damages must Maya pay? a.$385 b.$250 c.$260 d.$955 Ignacio was involved in an auto accident in which he was at fault. His own car sustained $3,827 damages and the other vehicle cost $1,709 to repair. Ignacio was not injured, but the driver of the other car required medical treatment costing $34,550 and a passenger’s injuries totaled $3,944. Ignacio’s policy includes 15/30/10 liability, $250 deductible collision and $100 deductible comprehensive. How much of the damages must the insurance company pay? a.$21,840 b.$30,000 c.$43,680 d.$24,230 Linda was involved in an auto accident in which she was at fault. Her own car sustained $3,293 damages and the other vehicle cost $982 to repair. Linda was not injured, but the driver of the other car required medical treatment costing $8,668 and a passenger’s injuries totaled $22,035. There was additional property damage in the amount of $3,296. Linda’s policy includes 50/100/50 liability, $500 deductible collision and full coverage comprehensive. How much of the damages must Linda pay? a.$37,774 b.$500 c.$2,793 d.$4,278Scott was involved in an auto accident in which he was at fault. His own car sustained $2,380 damages and the other vehicle cost $2,748 to repair. Scott was not injured, but the driver of the other car required medical treatment costing $32,180. Scott’s policy includes 10/20/5 liability, $250 deductible collision, and full coverage comprehensive. How much of the damages must the insurance company pay? a.$22,430 b.$32,180 c.$37,308 d.$14,878At age 20, Zia purchased a 20-payment life insurance policy with face value of $415,000. She is now 40 and wants to cancel her policy. Use Table 19-3 from your text to calculate the amount of reduced paid-up insurance to which she is entitled. a.$415,000 b.$382,530 c.$41,500 d.$354,665 If Carly’s husband were to die, she and her children could live on $50,100 per year. Carly makes $28,500 annually, and estimates additional income of $8,300 from other sources. How much insurance should she purchase on her husband to cover the shortfall, assuming a 17.7% prevailing interest rate? (Round to nearest $1,000) a.$57,000 b.$84,000 c.$75,000 d.$156,000Purchase the answer to view it
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