Monday

April 21, 2014

April 21, 2014

Posted by **ash** on Wednesday, October 16, 2013 at 8:05am.

January 18. Her own checkbook shows a balance of $487.38 as of January 29. The bank returned all of

the cancelled checks but three. The amounts of these three checks are $15.00, $77.49, and $124.28. How

much did Eliza deposit in her account between January 18 and January 29?

A. $201.12

(B). $379.97

C. $197.24

D. $54.44

2. John and Mary Billings own a condominium with an assessed value of $110,000. If the tax rate is 25

mills per $1.00 of assessed valuation, how much tax do they pay?

A. $1,420

B. $1,840

C. $1,200

(D). $2,750

3. The letter of application is intended to

A. accompany your portfolio.

(B). outline your value to a prospective employer.

C. find out what the prospective employer has to offer.

D. remind the prospective employer of your recent interview.

4. The tax rate on Ned Topolino's $112,000 vacation home is 25 mills. The property is assessed at full

value. How much will Ned pay in taxes this year?

A. $780

B. $28,000

(C). $2,800

D. $7,800

5. Dawn Lingua bought three yards of cloth to make some curtains. The cloth was on sale for $2.25 per

yard. How much did Dawn pay for the cloth if the sales tax was 5%?

(A). $7.09

B. $7.25

C. $2.36

D. $8.07

6. Victor Malaba has a net income of $1,240 per month. If he spends $150 on food, $244 on a car

payment, $300 on rent, and $50 on savings, what percent of his net income can he spend on other things?

(A). 64 percent

B. 40 percent

C. 300 percent

D. 43 percent

7. Jose Rodriguez's checking account had a starting balance of $1,234.56. He wrote a check for $115.12

for plumbing supplies and a check for $225.00 for a loan payment. Yesterday he deposited $96.75 in his

checking account. What is Jose's current balance?

A. $894.44

B. $1,441.19

(C). $991.19

D. $1,477.93

8. Mary Palm's checking account had a starting balance of $785.63. She wrote a check for $57.00 for

groceries and a check for $125.00 for a car payment. Yesterday she deposited $57.25 in her checking

account. What is Mary's current balance?

(A). $660.88

B. $796.38

C. $554.26

D. $603.63

9. Jim paddles from one shore of a lake three miles wide at 4 mph, and John paddles from the opposite

shore at 5 mph. How long will they travel before they meet?

A. 20 minutes

B. 3 hours

(C). 27 minutes

D. 1 hour, 24 minutes

10. Phil Smith is a car salesman. Last week his total sales amounted to $27,650.00, and he received

$1,382.50 in commission. What is his rate of commission?

A. 17 percent

B. 4.8 percent

(C). 5 percent

D. 23 percent

11. The tax rate on Harriet Walker's $80,000 vacation home is 20 mills. The property is assessed at full

value. How much will Harriet Walker pay in taxes this year?

A. $640

(B). $1,600

C. $440

D. $2,000

12. Glenn Andrews recently bought a new motorbike for $3,950. If he had to pay 6 percent sales tax on

the bike, what was the total cost of the bike?

A. $2,370

B. $4,010

C. $3,713

(D). $4,187

13. Suppose your bank honors a check for which you don't have sufficient funds in your checking account.

This action means that you've arranged beforehand for a/an

(A). overdraft loan.

B. installment loan.

C. personal loan.

D. mortgage loan.

14. Ralph Jordan recently bought a new lawnmower for $228.00. If he had to pay 6% sales tax on the

lawnmower, what was the total cost of the lawnmower?

A. $251.62

B. $234.00

(C). $241.68

D. $312.42

15. The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33,

income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income?

A. $57.39

(B). $157.61

C. $202.10

D. $170.51

16. If three bags of birdseed cost $14.16, how much will 14 bags cost?

A. $30.34

B. $33.71

C. $70.80

(D). $66.08

17. The gross income of David Vaughn is $785 per week. His deductions are $42.25, FICA tax; $90.33,

income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income for one week?

A. $675.32

B. $628.77

(C). $605.32

D. $749.77

18. How many feet are there in 24 yards?

A. 288

B. 72

(C). 8

D. 2

19. Carlos Martin received a statement from his bank showing a balance of $56.75 as of March 15th. His

checkbook shows a balance of $87.37 as of March 20. The bank returned all the cancelled checks but two.

One check was for $5.00 and the other was for $13.25. How much did Carlos deposit in his account

between the March 15 and the March 20?

A. $11.22

B. $162.37

(C). $48.87

D. $125.87

Which one's are not correct?

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