Pretest Answers

Hillary’s family is thinking of relocating to a different city to save money. They set up a budget comparing the cost of living in four cities. Oakland Phoenix Santa Fe San Diego Item Cost Cost Cost Cost Housing $565 $465 $505 $1,200 Food $545 $495 $475 $655 Health Care $245 $215 $200 $495 Taxes $450 $415 $385 $625 Other Necessities $350 $305 $295 $495 Monthly Total $2,155 $1,895 $1,860 $3,470 Based on cost of living alone, which city should they choose to live in?

Ramya’s mom was hired for a new job with a yearly income of 84 dollars comma 000 The total of all deductions from her paycheck will be 25 percent of the gross pay. She asked Ramya to compute her net monthly income. What is Ramya’s mother’s net monthly income?

Chin needs more money in his net pay each month, so he plans to reduce his federal income tax deduction from 12 percent to 11 percent His monthly gross pay is 3 comma 500 dollars , and his deductions before the change are listed in the table. Deduction Dollar Amount Federal Income Tax 420 dollars State Income Tax 95 dollars Social Security 89 dollars Medicare 40 dollars What will be his new monthly net pay? Round your answer to the nearest dollar.

A dishwasher is priced at 475 dollars There are two options offered to reduce the price: either a 15 percent discount off the price or a rebate of 75 dollars Which is the better choice, and what is the extra amount saved?

Yoko is trying to save money for a new bicycle. She sets up a budget as shown. Yoko’s Monthly Budget Description Income open paren plus close paren Expenses negative Earnings (babysitting) 125 dollars Earnings (bagging groceries) 55 dollars Entertainment 25 dollars Snacks 10 dollars Transportation 25 dollars Clothing 35 dollars Amount available for savings: $ How much money will Yoko have left over for her savings each month?

Last year, Nevan’s gross pay was 45 dollars comma 150 The federal income tax percent that was withheld from his gross pay was 16 percent The amount of money that Nevan actually owes the government after deductions is 6 dollars comma 150 Which of the following is true?

Kala’s family is shopping for a large screen TV. The TV they decided on has a retail price of 1 dollars comma 000 at four stores. The state sales tax is 5 percent Each store is offering a different sales promotion, as listed in the table. Store Promotional Offer A 80 dollars rebate B 10 percent discount on price C Store pays all sales tax D 40 dollars rebate with store paying half of sales tax Which store has the best deal?

Shona is buying a rug for her room. Store A has the rug for 45 dollars with a 10 percent discount. Store B has the same rug for 46 dollars and is offering a 10 dollars off coupon. The sales tax is 6 percent on either purchase. If Shona only has 40 dollars to spend, which store will she purchase the rug from, and how much will she have left over?

Quintina decided to increase the deduction percentage of her federal income tax rate from 14 percent to 16 percent Quintina’s gross pay per month is 2 comma 100 dollars Her deductions before the change are listed in the table. Deduction Dollar Amount Federal Income Tax 294 dollars State Income Tax 89 dollars Social Security 85 dollars Medicare 35 dollars What is her new monthly net pay? Round your answer to the nearest dollar.

Walden’s family is shopping for a reclining chair. The chair the family decided on has a retail price of 800 dollars plus 5 percent sales tax at four stores. Each store is offering a different promotion. Store Promotional Offer A 75 dollars instant rebate B 10 percent off sale C 5 percent off sale plus store pays sales tax D a “no tax” sale—the store pays the tax Which store has the best deal?