Archive day

January 17, 2026

415 public questions were asked on this day.

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Your original purchase price was $950.00 plus 5% sales tax. You enter into an agreement where the interest (12.5% APR) is waived for the first 12 months provided you make the required monthly payments; otherwise the inte...
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If you have 12% withheld for federal taxes, 7% for state taxes, and FICA is 7.65%, how much are your involuntary withholdings in all if your gross pay was $1,375.00 and your net income was $725.00? (1 point) Responses $6...
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You invest $4,000.00 for six months at a 4.25% APR. How much interest will you earn? (1 point) Responses $850.00 $850.00 $85.00 $85.00 $102.00 $102.00 $1,020.00
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You invest $1,000.00 in one account and $4,000.00 in another account. Both accounts have the same interest rate over the same amount of time. How will the interest earned compare? (1 point) Responses They will earn the s...
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Your gross pay is $1,878.96, net income is $1,196.34, and fixed expenses are $1,338.54. What is your discretionary income? (1 point) Responses $540.42 $540.42 $682.62 $682.62 $0 $0 $142.20 $142.20
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You purchase a computer for $875.00 plus 5% sales tax. You decide to finance it through the store's 0% program for 12 months. The terms state you pay nothing until the 12 months are over. When you receive the bill, you f...
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Suppose that you work at the Peacock Blue store for 40 hours over five days at a rate of $8.75/hour. You then quit your job. Deductions are FICA (7.65%), federal withholding (12%), and state withholding (8%). Your expens...
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What is the total of your fixed expenses? Expense Amount Mortgage $1,034.78 Utility bill $168.34 Credit card $54.21 Groceries $98.75 Khakis (required for work) $45.88 (1 point) Responses $1,356.08 $1,356.08 $1,301.87 $1,...
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Using the table from question #10, what is the total of your discretionary expenses? (1 point) Responses $0.00 $0.00 $100.09 $100.09 $198.84 $198.84 $45.88
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What is the total of your fixed expenses? Expense Amount Mortgage $1,034.78 Utility bill $168.34 Credit card $54.21 Groceries $98.75 Khakis (required for work) $45.88 (1 point) Responses $1,356.08 $1,356.08 $1,301.87 $1,...
Asked by Name 1 answer
You receive your pay stub and your gross pay is $1,200.00 and your net income is $836.00. How much FICA is withheld at 7.65%? (1 point) Responses $91.80 $91.80 $364.00 $364.00 $27.85 $27.85 $63.95 $63.95
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You work 40 hours/week for 50 weeks and are given the option to be paid hourly or to go on salary. In which situation will you earn the most? (1 point) Responses $33,000/year $33,000/year $17.00/hour $17.00/hour $33,000/...
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When you spend more than you make, you have a(n) _____. (1 point) Responses surplus surplus overage overage deficit deficit gain
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Compounding interest means interest accrues _____. (1 point) Responses more slowly than simple interest more slowly than simple interest more quickly than simple interest more quickly than simple interest at the same rat...
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Suppose that your net income for the month is $1,500 and that your total expenses are $2,500. Which statement is accurate? (1 point) Responses You have a surplus of $1,000. You have a surplus of $1,000. You have a surplu...
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Deductions from your pay such as FICA, federal withholding, and state withholding are _____. (1 point) Responses voluntary and fixed voluntary and fixed voluntary and discretionary voluntary and discretionary involuntary...
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An example of a fixed expense is _____. (1 point) Responses clothing (not for work) clothing (not for work) gas for a trip to the beach gas for a trip to the beach jeans jeans mortgage mortgage
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FICA is a(n) _____. (1 point) Responses involuntary deduction based on a percentage of gross pay involuntary deduction based on a percentage of gross pay voluntary deduction based on a percentage of net income voluntary...
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Voluntary deductions include ____. (1 point) Responses federal tax withholdings federal tax withholdings state tax withholdings state tax withholdings health insurance premiums health insurance premiums Social Security w...
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When investing in a savings plan, it is better to _____. (1 point) Responses invest all the money you can in the beginning at the highest rate possible and do not add any other money invest all the money you can in the b...
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You invest $75.00 the first month and $1,000.00 the second month at 3.75% APR. How much interest do you accrue at the end of the second month? (1 point) Responses $0.23 $0.23 $3.36 $3.36 $3.59 $3.59 $3.13
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Doris Debtor got in trouble because _____. (1 point) Responses she had too much debt she had too much debt she had an unexpected event and no savings she had an unexpected event and no savings her boss fired her her boss...
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When you owe money, it is _____. (1 point) Responses a debt a debt collateral collateral available balance available balance a risk position
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Your original purchase price was $825.00 plus 7% sales tax. You enter into an agreement where the interest (12.5% APR) is waived for the first 12 months provided you make the required monthly payments; otherwise the inte...
Asked by Name 1 answer
Your original purchase price was $825.00 plus 7% sales tax. You enter into an agreement where the interest (12.5% APR) is waived for the first 12 months provided you make the required monthly payments; otherwise the inte...
Asked by Name 1 answer