Taxes Answers

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

How much more did Briana save by purchasing a backpack that cost $45 with a sales promotion of 20% off instead of a backpack that cost $42 with a sales promotion of 10% off?

Kala’s family is shopping for a large screen TV. The TV they decided on has a retail price of $1,000 at four stores. The state sales tax is 5%. Each store is offering a different sales promotion, as listed in the table. StorePromotional OfferA$80 rebateB10% discount on priceCStore pays all sales taxD$40 rebate with store paying half of sales taxWhich store has the best deal?

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

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

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

Georgia’s gross pay was $35,600 this year. She is to pay a federal income tax of 16%. How much should Georgia pay in federal income tax this year? Round to the nearest dollar.

The Hernandez family budget is shown in the graph. Which 3 categories make up more than half of the Hernandez family budget? Select two choices..

The Sullivan family made a bar chart to compare how much they spend on different costs each month.. Sullivan Family Monthly BudgetIf the family’s net monthly income is $7,800, what percent of the income is spent on food, clothing, and housing?

Walden’s family is shopping for a reclining chair. The chair the family decided on has a retail price of $800 plus 5% sales tax at four stores. Each store is offering a different promotion. StorePromotional OfferA$75 instant rebateB10% off saleC5% off sale plus store pays sales taxDa “no tax” sale—the store pays the taxWhich store has the best deal?