Alg with finance unit 1 test

Each of these is a common payroll deduction EXCEPT

A. office supplies and equipment

Kiki receives a paycheck for 15 hours

A. 206

Which expenditures make up the greatest share of state spending

A. Education and health care

Lamar made 92,000 as a data analyst

C. He can take the 5,00 and the 12,950 for 18,450 in deductions

Maricela calculated that she owes 2,493 in federal taxes after all deductions and credits

B. Will receive a refund of $177

Which statement best describes the difference between being paid A wage versus being paid a salary

B. A wage is paid based on How many hours you work . while a salary Is a fixed amount Paid regardless of the number of hours you work

Who should consider completing a W-4 form?

Bruno, who just adopted a baby And who wants to adjust his tax withholdings

Which of the following is true about state taxes?

D. The largest state programs funded by state taxes are education and healthcare

Payroll taxes are different from Income taxes in all of the ways except

D. Payroll tax rates scale upward with income, while income taxes are a flat across all earning levels

The graph shows a hypothetical As a function of income

C. The tax is proportional

All of the following are reasons you might receive a 1099 statement EXCEPT

B. Working as a full-time employee for a business

What statement is true about standard and itemized deductions?

C. You can take either the standard or itemized deduction But not both

Georgia completed her taxes and found out she owes $1941 In federal taxes

B. 12%

George made 85,000 last year as a junior consult

a. His marginal tax bracket is 27% And his effective tax, And his effective tax bracket is less than 22

James received his w-2 how much would he pay in federal and FICA taxes combined?

C. 4,437.50

Gives that f(x) = -4x+7 which of the following ordered pairs represent f(2)

A.(2,-1)

which answer below represents the largest rational number

D. 398 High school sophomores in a class of 910 paid payroll taxes In the last year

Every pay period Tamara pays 11% of her gross pay an additional 200 in voluntary retirement deductions

D. F(x)= 0.89x-200

Gertrude sales cabbages at the farmers market It cost $50 for her to enter the market and set up

D. Domain: 0 < c < 100

Range : -50< p c < 450

The grass shows a hypothetical tax rate As a function of income

B. X> 300