Income and Expenses — Test Answers

Using the formula for debt-to-income ratio: debt-to-income ratio is equal to Total Monthly Expense over Total Monthly Income What is Dahlia's debt-to-income ratio?

What does the interception of the two lines in the graph represents?

Which of these policies would be most cost-effective for a person that had a hospital bill over $⁢15,000 ?

Alexandra works at a digital marketing agency. She has a base salary of $⁢200 per week. Additionally, for every online campaign she manages, she earns $⁢15 In her first month, Alexandra managed a total of 20 campaigns. If she wants to represent her weekly earnings with a linear function, f of x is equal to m x plus b where f of x is her total earnings and x is the number of campaigns she manages, what will be the slope m and the y -intercept values?

What is the y -intercept of the linear function y is equal to 3 x minus 6 ?

Skyler invested $6,000 in a bond fund. At the end of the month, Skyler received a return of 3% on the investment. Additionally, Skyler earns a monthly salary of $3,500 and received an overtime payment of $300. In the same month, she received a quarterly bonus of $750. How much did Skyler earn in total for the month?

Designers are working on a product that needs an average production cost of $⁢15.20 per unit. To find the average cost of producing an item, divide the cost to produce a certain number of units, x , by the number of units. The supplier has a setup fee of $⁢2,500 and a cost per unit of $⁢10.62 Complete the equation the designers can use to find the number of units to order to achieve this average production cost.

Jacob tracked his monthly expenses for entertainment, utilities, and gas over three months. The data is as follows: Month Entertainment ($) Utilities ($) Gas ($) Jan 100 150 50 Feb 120 140 30 Which of the stacked bar graphs correctly represents Jacob's monthly expenses?

Quincy sold quilts for $⁢30 each and blankets for $⁢15 each. He earned a total of $⁢300 from selling these items. Let x be the number of quilts Quincy sold and y be the number of blankets. The system of equations that models this scenario is: 30 x plus 15 y is equal to 300 x plus y is equal to 15 How many quilts and blankets did Quincy sell?

Myla ran a local cafe with a monthly revenue of $10,000. Due to road construction nearby, the monthly revenue changed to $9,000. Calculate the percent change in the cafe's monthly revenue. Choose the correct answer from each drop-down menu.

A small business owner pays his three employees the monthly salaries $⁢4,000 , $⁢3,500 , and $⁢4,500 What is the mean salary of the employees?

An employee who is saving for retirement wants the ratio of savings to gross income to be 15% Her employer contributes 5% of each employee's gross income to a retirement savings account. The employee is also saving $⁢95 per paycheck. Complete the equation that can determine the amount she has to make, x , for her savings rate to be 15%

Elaine's shopping expenses for the last six months were: $⁢150 , $⁢160 , $⁢155 , $⁢165 , $⁢155 , and $⁢160 What is the IQR of her shopping expenses?

Samantha works at a bookstore and is paid a fixed amount of $⁢50 per week plus $⁢10 for every book she sells. If y represents her total earnings for a week and x represents the number of books she sells, which equation best represents this situation?

Camila has renters insurance that covers $⁢20,000 of personal property with a premium of $⁢15 per month and a $⁢500 deductible. Assuming there are no claims, what is the annual cost of her insurance policy?

A restaurant worker earns a set amount per hour from their employer. They also receive tips from customers. Their earnings most closely resemble those of which of these?

Which is the graph of y is equal to 2 thirds x plus 5 ?

How much does Mya spend in total on all of her expenses for the month?

What is the mode annual income?

Which of these policies would be best for an individual with personal property valued at $⁢40,000 ?