Posted by Anonymous on Wednesday, October 16, 2013 at 9:40pm.
1. Eliza Savage received a statement from her bank showing a checking account balance of $324.18 as of
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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