8
QuizMultiple Choice

Personal Finances

Question 8 • LVA - Mathematical Modeling - Spring

You are planning a trip to Disney World in Florida. You estimate for week at Disney World, you will need $1,600.00 (This includes Airfare, room and board, daily expenses, and travel). You save for 5 months and your monthly gross salary is $1,675.00. Given that Social Security is 6.2% of your biweekly income, Medicare is 1.45% of your biweekly income, your monthly expenses are $975.23, and you pay State and Federal taxes in the amount of $35.00 and $75.51 respectively biweekly, how much will you have saved up and will you have saved enough to visit Disney World in December? Round all your answers to the nearest cent.a.$1,508.25; noc.$1,753.05; yesb.$1,523.43; nod.$1,788.06; yes

Answer
A
A
B
B
C
C
D
D
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