Kaylee has 100/300/50 liability insurance and $50,000 PIP insurance. She drives through a stop sign, hits a telephone pole, and ricochets into a minivan with eight people inside. Some are seriously hurt and sue her. Others have minor injuries. Three passengers in Kaylee’s car are also hurt. a. The pole will cost $7,000 to replace. Kaylee also did $6,700 worth of damage to the minivan. What insurance will cover this, and how much will the company pay? b. The minivan’s driver was a concert violinist. The injury to his hand means he can never work again. He sues for $4,000,000 and is awarded the money in court. What type of insurance covers this, and how much will the insurance company pay? c. The minivan’s driver (from part b) had medical bills totaling $60,000 from his hospital trip and physical therapy after the accident. What type of insurance covers this, and how much will the insurance company pay? d. The three passengers in Kaylee’s car are hurt and each requires $12,000 worth of medical care. What insurance covers this, and how much will the company pay?
> Margit works in a factory. She receives a salary of $12 per hour and piecework pay of 12 cents per unit produced. Last week she worked 38 hours and produced 755 units. a. What was her piecework pay? b. What was her total hourly pay for the week? c. Wh
> Laurel’s W-2 form reported total Medicare wages as $100,750. She contributed $30 per weekly paycheck to her FSA and $75 per weekly paycheck to her retirement plan. She received a 1099 form from her bank for her savings account interest in the amount of $
> Martina is taxed at a rate of 25% for her federal taxes. Last year, she reduced her taxable income by contributing to a flexible savings plan in the amount of $2,700. If her wages before the deduction were $68,000, how much did she save in federal taxes
> Determine the correct entry for Box 1 assuming that the taxpayer pays 33% of his total income in federal taxes. Safe, accurate, (545-0008 FAST! Use Wages, tips, olher compensabion Visit the IRS website e file at www.irsgowlefie. 2 Federal income tax
> Determine the correct entry for Box 4. Safe, accurate, FAST! Use Visit the IRS website R efile IRS 1545 0008 at www.irs.gowefilo. Wages, ips, ofther compensation 2 Federal income tax withheld 3 Social necurity wages 4 Social security tax withheld 5
> Alexandra uses her car for business. She knows that her tank was full when she started her business trip, but she forgot to write down the odometer reading at the beginning of the trip. When the trip was over, the odometer read 13,020.5. Alexandra’s car
> How can the quote be interpreted in light of what you have learned in this section?
> Hillside Travel pays its employees $16 per hour plus 8% commission on all trips booked. Tyrus worked 20 hours last week and booked trips amounting to $2,100. What was his gross pay for last week?
> Determine the distance covered by a car traveling 68 mi/h for each unit and time given. Round answers to the nearest unit. a. miles in 1 hour b. feet in 1 hour c. feet in 1 minute d. feet in 1 second
> Glen has a job selling magazine subscriptions by phone. He makes a base salary of $12.60 per hour plus 5% commission on all sales. Last week, Glen worked 35 hours and sold $230 worth of subscriptions. What was his gross pay for the week?
> Maram is a real estate agent. She earns 6.5% commission on each sale she makes. Last month she sold one house for $250,000 and another for $310,000. What did Maram earn in commissions for the month?
> Professional baseball player Rusty Raspberry earns $1,715,000 a year playing baseball. Last year, an auto biography that he had written sold 300,000 copies at a price of $24 each. Raspberry received 10% in royalties on the book sales. What was his total
> Oscar sells Internet access subscriptions by telephone. He receives 12% of the first $1,000 and 15% on the balance over $1,000. Last month he sold $7,500 worth of Internet access subscriptions. What was his commission for last month?
> Janelle works at Heedle’s Computer Outlet. She receives a weekly salary of $200 plus 3% commission on her sales. Last week, she sold $29,700 of computer equipment. How much did Janelle earn last week?
> Joan sells new cars at a local dealership. She receives a 25% commission on the profit each car is sold for. Last month she sold nine cars, for a total of $8,870 dealer profit. How much did she earn in commission?
> Rock musician Donny West is paid 15% on his tour video online sales. Last year fans downloaded his songs 991,000 times, and he also sold 550,000 videos. The songs are downloaded for $1.09 each and the videos were downloaded for $9 each. a. What was the
> Bill works for the Stuff-It Mailing Service. He receives 25 cents for each document he puts together and prepares for mailing. Last week, Bill prepared 2,000 documents for mailing for a local politician. He received a check with gross pay of $474 and is
> Complete the chart for entries a–l. Number Number of of gallons purchased Price per gallon people in Gas cost per carpool Total gas cost person 10 $1.99 a. 4 g. 12 $2.08 b. 5 h. 17 $2.15 C. 3 i. 26 $2.30 d. 6 j. 15 е. 4 k. f. C I.
> In each case, the blue graph represents the expense function and the black graph represents the revenue function. Describe the profit situation in terms of the expense and revenue functions. dollars $100,000 price 100
> Mindy is driving 32 mi/h as she nears an elementary school. A first-grade student runs into the street after a soccer ball, and Mindy reacts in about three-quarters of a second. What is her approximate reaction distance?
> Barb works in a local factory. She receives 92 cents for each of the first 100 units she produces and $1.01 for each unit over 100. Yesterday, she produced 120 units. How much did Barb earn?
> Alanna is a stockbroker. She receives a commission based on the value of the trades she makes. a. If Alanna earns $10 for sales of $1,000, what is her percent of commission? b. If she earns x dollars for sales of y dollars, express her percent of commi
> Silvan picks berries at Seymour’s Berry Farm. He receives 58 cents for each small basket picked. Last weekend, he was able to pick 731 baskets. How much did he earn?
> Interpret the quote in the context of your experiences with earning money.
> How much interest will Britta accrue during the 2.5-year nonpayment period? Britta has been accepted into a 2-year medical assistant program at a career school. She has been awarded a $6,000 unsubsidized 10-year federal loan at 4.29%. She knows she has t
> Ted is a freshman attending a 4-year college. He has been approved for an $8,000 subsidized federal loan at 4.29% for 10 years. How much will the U.S. Department of Education subsidize in interest costs during his 4.5-year nonpayment period?
> Martina’s grandparents paid for the first 3 years of her college costs. As a senior, she was approved for a federal unsubsidized loan in the amount of $9,300 at a 4.29% interest rate for 10 years. a. If she chooses to make interest-only payments until t
> Suppose that Rich had decided to apply for a private loan rather than a federal loan. He is considering a 10-year loan with an interest rate of 5.9%. Rich is attending a 4-year college. As a freshman, he was approved for a 10-year, federal unsubsidized
> Rich made his last monthly interest-only payment on November 1. His next payment is due on December 1. What will be the amount of that interest-only payment? Rich is attending a 4-year college. As a freshman, he was approved for a 10-year, federal unsubs
> Suppose Rich only paid the interest during his 4 years in school and the 6-month grace period. What will he now pay in interest over the term of his loan? Rich is attending a 4-year college. As a freshman, he was approved for a 10-year, federal unsubsidi
> Write the ticker symbols for each situation. a. 36,000 shares of ABC at a price of 37.15, which is $0.72 higher than the previous day’s close b. 1,240 shares of XYZ at a price of $9.17, which is $1.01 lower than the previous day’s close
> Jason uses his car for business. He must keep accurate records so his company will reimburse him for his car expenses. When he started his trip, the odometer read 42,876.1. When he ended the trip, it read 43,156.1. Jason’s car gets 35 miles per gallon. H
> If Rich decides to make no payments during the 4.5 years, the interest will be capitalized at the end of that period. a. What will the new principal be when he begins making loan payments? b. How much interest will he pay over the life of the loan? Ri
> Ralph wants to join a travel soccer team, a discretionary expense. His parents tell him he must get a job to earn the money to cover the costs. Ralph now views this discretionary expense as an essential expense since he must pay his parents back. The cos
> Interpret the quote in terms of what you have learned about essential and discretionary entertainment expenses.
> Find the missing terms indicated by variables in the arithmetic sequence shown. a, 30, b, 42, c, d, e
> Zoe creates a spreadsheet to make simple interest calculations. The user inputs values for the principal, rate, and time in years in row 2. Write each formula. a. For A2 to compute the interest. b. For B2 to compute the principal. c. For C2 to comp
> Maaz has a bank account with less than $400 in it. His bank pays no interest on that account and charges $2 per month for each month the account is below $500. How much will be in Maaz’s account if he makes no deposits or withdrawals after 2 years?
> How much interest will Rich accrue during the 4.5-year nonpayment period? Rich is attending a 4-year college. As a freshman, he was approved for a 10-year, federal unsubsidized student loan in the amount of $7,900 at 4.29%. He knows he has the option of
> Ron estimates that it will cost $400,000 to send his daughter to a private college in 18 years. He currently has $90,000 to deposit in an account. What simple interest rate must his account have to reach a balance of $400,000 in 18 years? Round to the ne
> Determine the distance covered by a car traveling x km/h for each unit and time given. a. kilometers in 1 hour b. meters in 1 hour c. meters in 1 minute d. meters in 1 second
> A couple is opening a savings account for a newborn baby. They start with $3,450 received in baby gifts. If no deposits or withdrawals are made, what is the balance of the account if it earns simple interest at 5% for 18 years?
> Mickey uses a mirror and similar triangles to find the height of a light pole near her driveway. The diagram describes her method. She has her friend move the mirror until she can see the top of the pole as a reflection in the mirror. Due to the law of
> The following stem-and-leaf plot gives the number of juniors who took a driver education course at Guy Patterson High School over the last two decades. Construct a box-and-whisker plot based on the data. 4123556 511888 9 6000
> Assume $20,000 is deposited into a savings account. Bedford Bank offers an annual rate of 1% simple interest for 5 years. Slick Bank offers a rate of 5.1% simple interest for 1 year. Which earns more interest?
> What interest rate is needed for $9,500 to earn $900 in 19 months? Round to the nearest hundredth of a percent.
> There are many online student loan calculators that can assist you. Examine the input boxes for one such calculator (Cost of Interest Capitalization Calculator www.finaid.org). After clicking “calculate,” the following information is reported: Comment 1:
> Suppose that Britta decided to take out a private loan for $12,000 for which loan payments start as soon as the loan amount is deposited in her account and continue for 10 years. The interest rate is 6.1%. a. Determine her monthly payment. b. What is
> Suppose Britta only paid the interest during her 2 years in school and the 6-month grace period. What will she pay in interest over the term of her loan? Britta has been accepted into a 2-year medical assistant program at a career school. She has been aw
> If Britta decides to make no payments during the 2.5 years, the interest will be capitalized at the end of that period. What will the new principal be when she begins making loan payments? Britta has been accepted into a 2-year medical assistant program
> Determine the distance covered by a car traveling 55 km/h for each unit and time given. Round answers to the nearest unit. a. kilometers in 1 hour b. meters in 1 hour c. meters in 1 minute d. meters in 1 second
> Read the quote at the beginning of this section. Interpret the quote in terms of what you have learned about student loans.
> Assume $x is deposited into a savings account. Blank Bank offers an annual rate of r% for y years. Thank Bank offers a rate of ry% for 1 year. Which earns more interest?
> Interpret the quote in the context of what you learned about home maintenance in this section.
> Britta made her last monthly interest-only payment on May 5. Her next payment is due on June 5. What will be the amount of that interest-only payment? Britta has been accepted into a 2-year medical assistant program at a career school. She has been award
> Find the simple interest on a $2,350 principal deposited for 6 years at a rate of 2.77%.
> Beth and Mark would like to put some savings in the bank. They most likely will not need this money for 4 years, so Beth wants to put it in a 4-year CD. Mark wants to put the money in a savings account. What is the advantage of a CD? What is the disadvan
> John, Paul, and George are having a disagreement over interest rates. John says that 6 % 3 4 can be expressed as 6.75%. George thinks that 6 % 3 4 can be expressed as 0.0675. Paul remembers converting percents to equivalent decimals and thinks it can be
> Linda’s savings account balance has fallen below the $1,000 minimum balance required to receive interest. It is currently $871.43. The monthly fee charged by the bank for falling below the minimum is x dollars. Express algebraically how you compute the n
> Josh has a savings account at a bank that charges a $10 fee for every month his balance falls below $1,000. His account has a balance of $1,203.44 and he withdraws $300. What will his balance be in 6 months if he makes no deposits or withdrawals?
> A finite arithmetic sequence has 12 terms. The last term is 100 and the common difference is 3. What is the first term?
> Determine the distance covered by a car traveling 80 km/h for each unit and time given. Round answers to the nearest unit. a. kilometers in 1 hour b. meters in 1 hour c. meters in 1 minute d. meters in 1 second
> Arrange the following interest rates in ascending order: 3.4%, 3.039%, 3% 3 16, 3.499%, 3%
> The sixth-grade class at West Side School starts a charity collection on Monday, with $78 donated by the Parents Organization. They plan to add $2 to the fund each day. How much will they have after 90 days?
> How long does it take $450 to double at a simple interest rate of 100%?
> Francoise’s car gets about 11 kilometers per liter. She is planning a 1,200-kilometer trip. a. About how many liters of gas should Francoise plan to buy? Round your answer to the nearest liter. b. At an average price of $0.89 per liter, how much should
> How long does it take $450 to double at a simple interest rate of 14%?
> How much simple interest does $2,560 earn in 17 months at a rate of 1 1/8%? Round to the nearest cent.
> Use the simple interest formula to find the missing entries in the table. Round monetary amounts to the nearest cent. Rate (to the nearest hundredth of a percent) Interest Principal $2,000 Time 3.35% 4 years a. b. $3,500 4.1% 15 months $20,100 5.5%
> Ryan deposits $775 in an account that pays 1.24% simple interest for 4 years. Brian deposits $775 in an account that pays 1.24% simple interest for 1 year. a. What is Ryan’s interest after the 4 years? b. What is Ryan’s balance after 4 years? c. How m
> How might those words apply to what has been outlined in this section? What “play on words” do you notice in Greenspan’s quote?
> An orchestra of 25 members bought tickets, at all different prices, to a concert, and the mean price paid was $82. A new musician joined the orchestra and spent $90 on his ticket to the same concert. What is the new mean price paid when the new musician
> There are 5,280 feet in a mile. Round answers to the nearest unit. a. How many miles does a car traveling at 42 mi/h go in 1 hour? b. How many feet does a car traveling at 42 mi/h go in 1 hour? c. How many feet does a car traveling at 42 mi/h go in
> Based on what you learned about dividends, why are non-dividend stocks compared to baseball cards?
> Jocelyn compiled data on the number of hours’ students work per week the summer after senior year. The minimum number of hours in the distribution was 23. The range was 17. a. What is the maximum number of hours in the distribution? b. If the maximum s
> A distribution of newly manufactured amusement park bumper cars has mean 400 pounds and standard deviation 2 pounds. A distribution of customers on line for the bumper-car ride has mean 60 pounds and standard deviation 2 pounds. Which distribution is mor
> Taking a cruise is a costly discretionary expense. In a recent year, the top five cruise lines in the world had this many passengers: 4,133,000 2,369,000 1,295,000 928,000 679,000 Round your answers to the nearest integer. a. The computations will be
> The Vetrone family members are all Cincinnati Reds baseball fans. They went to five games last season. The cost of each game, including parking, tickets, and food, is listed below. $266, $201, $197, $188, $162 Round your answers to the nearest cent. a
> Lenny’s car gets approximately 20 miles per gallon. He is planning a 750-mile trip. a. About how many gallons of gas should Lenny plan to buy? b. At an average price of $2.20 per gallon, how much should Lenny expect to spend for gas?
> An electric bill is an essential expense for young people who get their first apartment. The following is a list of Jordan’s monthly electric bills for the past 10 months. $115, $150, $144, $126, $90, $90, $95, $110, $120, $88 Round your answers to the
> A local comic book convention had an admission price of $17. During the week-long show, 19,344 people paid to enter. a. What is the range of the distribution of admission fees? b. What is the standard deviation of the distribution of admission fees? c
> Aileen is a salesperson at Lopez Sporting Goods. She is paid a monthly commission on all Little League uniforms she sells. She receives 10% of her first $2,000 in sales and 12% of the balance of her sales. Last week she earned $231.20. What was the total
> A car dealer pays d dollars for a car, which is sold for c dollars. The commission paid to the salesperson is 24% of the profit. Express the commission algebraically.
> McCormack Chrysler pays their sales staff by commission. They are paid a percent of the profit the dealership makes on the car. If the profit is $500 or less, the commission rate is 17%. If the profit is greater than $500 and less than or equal to $1,100
> There are 5,280 feet in a mile. Round answers to the nearest unit. a. How many miles does a car traveling at 65 mi/h go in 1 hour? b. How many feet does a car traveling at 65 mi/h go in 1 hour? c. How many feet does a car traveling at 65 mi/h go in 1
> Salespersons at the Kings Park Auto Giant are paid a commission, c(p), based on the profit, p. The following piecewise function gives the commission rules. a. If the profit is $1,500, what is the percent commission rate? b. If the profit is $900, what
> Appel’s Music Store pays its sales staff a commission of 9.5% of the first $1,000 in sales and 15.5% of the balance of sales. Alex, the store’s drum expert, received $1,234.25 in commission last week. What were his total sales for the week?
> Mark and Beth are looking at four different homes. They created this spreadsheet to estimate escrow calculations more easily. They will pay the property tax and homeowner’s insurance each month with their mortgage payment. The bank will
> Using the table from Example 2, find the assessed value of the house in the classified ad on the left. New Listing: Cape-Cod style home w/ 2 baths, 700 sq. ft first flr., upstairs 15 x 26 dormer, 12 x 20 garage, gas heat, frpl, basement. Property 1/
> The Merrick Oaks School District offers their employees the following annual pension benefit. First 15 Years of Service ……………………………………………. Service in Excess of 15 Years 2.12% multiplier ………………………………………………………………………… 2.25% multiplier Years of service up t
> Michael used his car for business last weekend. When he reports the exact number of miles he traveled, the company will pay him 52 cents for each mile. At the beginning of the weekend, the odometer in Michael’s car read 74,902.6 miles. At the end of the
> The Merrick Oaks School District offers their employees the following annual pension benefit. First 15 Years of Service ……………………………………………. Service in Excess of 15 Years 2.12% multiplier ………………………………………………………………………… 2.25% multiplier Years of service up t
> The Merrick Oaks School District offers their employees the following annual pension benefit. First 15 Years of Service ……………………………………………. Service in Excess of 15 Years 2.12% multiplier ………………………………………………………………………… 2.25% multiplier Years of service up t
> A commuter budgets $480 per month for transportation. She has determined that the cost of a round-trip train ride is $4 and the cost of each round-trip car ride (factoring in gas, oil, etc.) is $3. a. Write a budget line equation for this situation. b.
> Under his household expense budget category, Mark has allocated $60 per month for pet food. He can purchase wet food in a can for $1.50 per can or dry food in a bag for $3 per bag. a. Determine a budget line equation for this situation. b. Graph the bu
> A spreadsheet user inputs a speed in miles per hour into cell A1. a. Write a formula that would enter the approximate equivalent of that speed in km/h in cell A2. b. Write a spreadsheet formula that would enter the approximate total stopping distance i
> Rich budgets $2,500 in expenses for the month of January. He constructed the two graphs below. Using the prior year’s data and the budget he has created, he budgeted the transportation category for the year as follows. Each of the m
> Mark has two jobs. At his primary job he gets paid with commissions only. Therefore, his monthly income from this job varies. His secondary job has a fixed monthly income. His quarterly dividend checks and interest income have varied but not by a large a
> Aida created the following double bar graph. It illustrates the actual amount spent this year for household expenses per month and the budgeted amounts for the following year. Aida calculated the Year 2 budget amounts by adding a fixed percent increase t
> Construct a bar graph for the September budget category “Personal Items” using the following amounts: Haircut: $20, Clothing purchases: $60, Books: $20, Newspapers/magazines: $65, Online subscriptions: $30, Gifts: $80, Donations: $40, Other: $50.
