Mathematics

1.The tax rate on Jerome Jame's $112,000 vacation home is 25 mills. The property is assessed at full value. How much will Jerome pay in taxes this year? A.$7,800 B. $28,000 C.$780 D. $2,800 2.At a certain university the student to teacher ratio is 16:1. If there are 2,000 students enrolled, how many teachers must be employed to maintain this ratio? A. 200 B. 125 C. 28,000 D. 215 3.John bought a used truck for$4,500. He made an agreement with the dealer to put $1,500 down and make payments of$350 for the next 10 months. The extra cost paid by taking this deal is equivalent to what actual yearly rate of interest? A. 33% B. 63% C. 36% D. 3.6% 4. Noel Devine bought a new dishwasher for $320. He paid$20 down and made 10 monthly payments of $34. What actual yearly interest rate did Noel pay? A. 68.75% B. 34.38% C. 29.09% D. 14.55% 5.The gross income of Abelina Bennett 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. $202.10 B.$157.61 C. $170.51 D.$57.39

JamieJamieJamie

3 years ago

1) 25 mills mean 25 per 100.
112,000 / 100 = 1,120 * 25 = 28,000

2) 16:1 ratio students to teacher. 2,000 students
2,000 / 16 = 125 teachers needed

3) & 4) I'm not sure of my answer.

5)
Gross income : 215
Fica tax: 15.16
income tax: 29.33
state tax: 2% of 215 = 4.30┬Ā
city tax : 1% of 215 ┬Ā=┬Ā2.15
retirement fund: 3% of 215 = 6.45
total deduction: 57.39

net income = 215 - 57.39 = 157.61┬Ā