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

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## Answers

## JamieJamieJamie

## Best answer

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

city tax : 1% of 215 = 2.15

retirement fund: 3% of 215 = 6.45

total deduction: 57.39

net income = 215 - 57.39 = 157.61