Business Math Exam 2

Six people are running for office in a club. There are 3 positions to fill. Determine the total number of outcomes. 120 200 18 216

120

5 yards = ______ inches 160 15 100 180

180

In a bag there are 14 blue marbles, 20 red marbles, 4 green marbles, and 12 yellow marbles. Determine the probability for each of the next four problems. What is the probability of drawing a red marble?

2/5

Determine the amount of sales tax on $485.00 at 7 percent. $33.95 $42.50 $48.50 $28.00

33.95

Determine Susan's annual gross salary if her monthly pay is $3,800.00. $45,600.00 $42,750.00 $24,000.00 $50.000.00

45,600

For the next three problems, use the following list of numbers: 23, 25, 26, 30, 32, 35, 36, 40, 45, 47, 50, 56 Find the higher quartile. 47 36 30 26

47

What amount is determined by adding lines 1, 2, and 3 of the 1040EZ tax form? taxable income tax refund total payments adjusted gross income

Adjusted gross income

5. The median can also be thought of as the average of a set of scores or list of numbers. true false

false

As a tax payer, you are not responsible to keep past records and receipts concerning your taxes. true false

false

Tax on gasoline is an example of a vendor tax. true false

false

A histogram is a graph used to display data in statistics. true false

true

Everyone has the right to influence tax policy. true false

true

3 tons = ______ pounds 200 600 2,000 6,000

6,000

Taxes are used to provide public goods and services, such as building and maintaining parks. true false

true

The state government establishes the guidelines under which local governments can impose property taxes. true false

true

When listing data for a frequency distribution table, it is best to list the numbers in order. true false

true

The mode is the only way to measure central tendency. true false

false

When a paid preparer does a person's taxes, the preparer is responsible for any errors. true false

false

If a person is over the age of 65, he or she cannot use the 1040EZ tax form. true false

true

Some states keep their corporate income tax at a lower rate to attract new business. true false

true

Statistics is the science of gaining information from data. true false

true

Convert 32 degrees Fahrenheit to Celcius. 150 100 0 212

0

From the information in the section about crossing flowers, what is the probability of a blue seedling when crossing a blue flower and a yellow flower?

0

How many license plate combinations are possible if you can use 3 letters and 2 digits? Letters and numbers cannot be repeated. 1,560,000 17,576 1,404,000 1,757,000

1,404,000

Determine how many outfit outcomes are possible with the choices of 3 pairs of shoes, 4 shirts, and 2 pairs of pants. 12 20 2 24

24

If a car dealership in one year sells 60 minivans, 20 luxury cars, and 140 recreational vehicles, what is the probability that the next customer will purchase a luxury car?

1/11

What do you think the probability of a blue flower would be when crossing a green flower with a blue flower?

1/2

Determine the probability of rolling a 2 with one die.

1/6

42-hour week $1,050.00 $262.50 $1,137.50 $875.00

1137.50

Determine Linda's bonus using the following formula: 2 weeks' salary plus 3 percent of gross sales. annual salary: $88,600.00 gross sales: $314,000.00 $1,703.85 $9,420.00 $3,407.69 $12,827.69

12,827.69

For the next two problems, determine the weekly pay. The hourly rate is $25.00. Any time over 35 hours perweek is paid at time and a half. 5. 46-hour week $1,287.50 $412.50 $875.00 $1,150.00

1287.50

Determine the number of milligrams there are in 13 grams 1000 130 13000 1300

13000

Kerry punches in at 6:30 a.m. and out at 1:15 p.m. 6 hrs. 45 mins. 7 hrs. 15 mins. 6 hrs. 15 mins. 7 hrs. 45 mins.

7 hrs 45 mins

Determine the amount of sales tax on $236.00 at 6.25 percent. $15.50 $14.75 $16.38 $12.60

14.75

Convert 60 degrees Celsius to Fahrenheit. 250 120 200 140

140

4 cubic yards = ______ cubic inches 100,000 186,624 144 256,890

186,624

Determine the number of board feet for this board: 1 inch thick, 6 inches wide, and 4 feet long. 6 4 24 2

2

Determine Rosa's monthly net wages. Her monthly gross wages are $2,400.00. She has the following deductions: $180.00 for federal tax, $73.00 for state tax, and $103.00 for FICA tax. $1,760.00 $2,185.00 $2,000.00 $2,044.00

2,044

In a bag there are 14 blue marbles, 20 red marbles, 4 green marbles, and 12 yellow marbles. Determine the probability for each of the next four problems. What is the probability of drawing a green marble?

2/25

Convert 100 degrees Celsius to Fahrenheit. 90 200 240 212

212

3 gallons = ______ pints 6 24 12 32

24

Determine the number of board feet for this board: 5 boards that are each 1 inch thick, 12 inches wide, and 5 feet long. 5 7 300 25

25

You buy several items in a store, which all together costs $244.50. An 8% sales tax is added to your purchase. What is the total cost of the purchase after tax? $19.56 $280.00 $24.18 $264.06

264.06

Determine the total amount of commission: Sales: $14,600.00, Comission: 1 percent on sales up to $10,000.00 3 percent on sales between $10,000.00 and $13,000 6 percent on sales over $13,000. $100.00 $98.40 $286.00 $190.00

286

48 ounces = ______ pounds 3 768 4.8 10

3

For the next three problems, use the following list of numbers: 23, 25, 26, 30, 32, 35, 36, 40, 45, 47, 50, 56 Find the lower quartile. 36 47 30 26

30

You buy several items in a store, which all together cost $84.30. A 7.25% sales tax is added to your purchase. What is the total cost of the purchase after tax? $5.40 $6.11 $100.00 $90.41

90.41

Determine the total amount of commission: Sales: $4,500.00, Comission: 5 percent on sales up to $2,000.00 8 percent on sales over $2,000. $300.00 $100.00 $200.00 $500.00

300

2 gallons = ______ cups 64 32 8 16

32

For the next three problems, use the following list of numbers: 23, 25, 26, 30, 32, 35, 36, 40, 45, 47, 50, 56 Find the middle quartile. 26 47 36 30

36

For the next three problems, determine the total amount of work time. Bruce punches in at 7:50 a.m., out at 9:20 a.m., in at 2:07 p.m., and out at 4:05 p.m. 2 hrs. 70 mins. 3 hrs. 28 mins. 1 hr. 58 mins. 1 hr. 30 mins.

3hrs 28 mins

Determine the number of board feet for this board: 2 inches thick, 4 inches wide, and 7 feet long. 4 56 4 2/3 28

4 2/3

Determine the amount of sales tax on $56.80 at 7.5 percent. $3.25 $5.10 $4.26 $4.80

4.26

Determine how many outfit outcomes are possible with the choices of 2 pairs of shoes, 5 shirts, and 4 pairs of pants. 10 24 40 20

40

Determine the amount of board feet needed: Kevin helps his dad construct a computer room that will need 6 boards that are 2 inches thick, 6 inches wide and 8 feet long. 96 10 576 48

48

How many license plate combinations are possible if you can use 2 letters and 3 digits? In this case, the letters and numbers can be repeated, but you cannot use the digit 0. 492,804 500,000 600,000 468,000

492804

Determine the number of board feet for this board: 1/2 inch thick, 1 foot wide, and 5 feet long. 7 8 6 5

5

3 miles = ______ yards 5,280 1,760 15,840 6,000

5,280

Determine the probability of rolling the sum of 5, 6, or 7 with two dice.

5/12

Determine the probability of rolling the sum of 6 with two dice.

5/36

For the next three problems, use the following information The ages of more recent U.S. presidents at the time of inauguration are given below. President Age President Age Harding 55 L. Johnson 55 Coolidge 51 Nixon 56 Hoover 54 Ford 61 F. D. Roosevelt 51 Carter 52 Truman 60 Reagan 69 Eisenhower 61 Bush 64 Kennedy 43 Clinton 46 Determine the mode for the ages of the presidents. 64 55 52 51, 55, 61

51,55,61

Determine the amount of straight commission: sales: $7,400.00, commission: 7 percent. $5,180.00 $518.00 $6,882.00 $7,918.00

518

For the next three problems, use the following information The ages of more recent U.S. presidents at the time of inauguration are given below. President Age President Age Harding 55 L. Johnson 55 Coolidge 51 Nixon 56 Hoover 54 Ford 61 F. D. Roosevelt 51 Carter 52 Truman 60 Reagan 69 Eisenhower 61 Bush 64 Kennedy 43 Clinton 46 Determine the median for the ages. 55 54 51 61

55

For the next three problems, use the following information The ages of more recent U.S. presidents at the time of inauguration are given below. President Age President Age Harding 55 L. Johnson 55 Coolidge 51 Nixon 56 Hoover 54 Ford 61 F. D. Roosevelt 51 Carter 52 Truman 60 Reagan 69 Eisenhower 61 Bush 64 Kennedy 43 Clinton 46 Determine the mean for the ages. 52 58 50 56

56

For the next three problems, use the following information The ages of past U.S. presidents at the time of their inauguration are given below. President Age President Age Washington 57 Van Buren 54 J. Adams 61 W. H. Harrison 68 Jefferson 57 Tyler 51 Madison 57 Polk 49 Monroe 58 Taylor 64 J. Q. Adams 57 Fillmore 50 Jackson 61 Pierce 48 Determine the median for the ages.

57

For the next three problems, use the following information The ages of past U.S. presidents at the time of their inauguration are given below. President Age President Age Washington 57 Van Buren 54 J. Adams 61 W. H. Harrison 68 Jefferson 57 Tyler 51 Madison 57 Polk 49 Monroe 58 Taylor 64 J. Q. Adams 57 Fillmore 50 Jackson 61 Pierce 48 Determine the mode for the ages of the presidents.

57

For the next three problems, use the following information The ages of past U.S. presidents at the time of their inauguration are given below. President Age President Age Washington 57 Van Buren 54 J. Adams 61 W. H. Harrison 68 Jefferson 57 Tyler 51 Madison 57 Polk 49 Monroe 58 Taylor 64 J. Q. Adams 57 Fillmore 50 Jackson 61 Pierce 48 Determine the mean for the ages.

57

Bruce works for $216.00 per day. If his work year has 270 time units (days of pay), what will his annual gross pay be? $50,000.00 $47,600.00 $58,320.00 $63,290.00

58,320

In a bag there are 14 blue marbles, 20 red marbles, 4 green marbles, and 12 yellow marbles. Determine the probability for each of the next four problems. What is the probability of drawing a yellow marble?

6/25

5 feet = ______ inches 60 100 42 12

60

Determine Ron's yearly net wages. His yearly gross wages are $74,600.00. He has the following deductions: $6,310.00 for federal tax, $2,840.00 for state tax, and $3,400.00 for FICA tax. $60,920.00 $70,000.00 $62,050.00 $61,780.00

62050

Larry works 36 hours a week. If he earns $18.40 per hour, what is his weekly gross wages? $863.20 $500.00 $734.00 $662.40

662.40

In a bag there are 14 blue marbles, 20 red marbles, 4 green marbles, and 12 yellow marbles. Determine the probability for each of the next four problems. What is the probability of drawing a blue marble?

7/25

Determine the amount of straight commission: sales: $8,600.00, commission: 8.5 percent. $7,869.00 $9,331.00 $7,310.00 $731.00

731

Jordan punches in at 8:10 a.m., out at 12:02 p.m., in at 1:16 p.m., and out at 5:43 p.m. 8 hrs. 19 mins. 7 hrs. 40 mins. 4 hrs. 27 mins. 3 hrs. 52 mins.

8 hrs 19 mins

Convert 180 degrees Fahrenheit to Celcius. 82.2 80 92 90

82.2

Determine the amount of board feet needed: Lori is finishing a room in her basement. She has purchased 25 boards that measure 1 inch thick, 4 inches wide and 10 feet long. 1000 83 1/3 47 2/3 3 1/3

83 1/3

. Find the percentile rank for Gary, who is 6th in a class of 43. 43 37 86 90

86

6 pounds = ______ ounces 112 100 32 96

96

Tax returns must be filed with the IRS on or before April 15 of each year. true false

True