Sales Tax, Income Tax, and Fees

Jerry earns $18.25 per hour at his construction job. He works 35 hours a week and gets paid once a month. If he pays 6% income tax, how much does Jerry have remaining after state income tax is deducted from his paycheck?

Jerry has $2,401.70 remaining of his paycheck (the government took $153.30)

Jesse earned a total of $75,000 this year. He lives in the District of Columbia where the local income tax rate is 8.5% for all incomes over $40,000. How much will Jesse pay in income tax?

Jesse pays $6,375 in income tax

Jesse earned a total of $75,000 this year. He lives in the District of Columbia where the local income tax rate is 8.5% for all incomes over $40,000. How much money will Jesse have after paying his income tax?

Jesse will have $68,625 after paying income tax

John buys a hat for $12.60. The sales tax in his state is 7.5%. How much does he pay in total, including tax?

John pays $13.55 total. (That means he paid $0.95 in tax)

Maxine moved out of state and just got her first job, paying $21.50 per hour. She works 40 hours per week and gets paid every 2 weeks. She pays 4% state income tax. How much does Maxing have remaining after state income tax is deducted from her paycheck?

Maxine has $1,651.20 remaining of her paycheck (the government took $68.80)

Sally invests $345 with an interest rate of 7% for 3 years. How much money will Sally have in total after those 3 years?

Sally will have $417.45. (That means the interest was $72.45)

Ashley bought a figurine while on vacation. She spent $47.62, including tax. The state's tax rate is 6%. What was the list price of the item?

The list price of the figurine was $44.92.

You have a coupon that is 35% off all purchases. If you buy a new gaming system for $550 and a new controller for $45, how much will you be saving?

You will save $208.25

Rebekah sells cars and earns 12% commissions on everything she sells. How much will she earn if she sells a car for... a. $13,500. b. $35,750. c. $50,000

a. $1,620 b. $4,290 c. $6,000

Suppose the income tax rate is 8%. Determine the income before taxes if the amount of money taken out in taxes is... a. $400 b. $150 c. $425

a. $5,000 b. $1,875 c. $5,312.50

Before it closed, Toys'R'Us had a huge sale where everything was 65% off the regular price. Define variables and write an equation that represents the relationship between the regular cost of merchandise (r) and the discount received (d)?

d = 0.35r

In Minnesota, the sales tax is 6.5%. Define variables and write an equation that describes the relationship of the amount of income tax paid and the amount of income.

p = income tax paid i = amount of income p = 0.065i

In California, the income tax rate is 8%. Define variables and write an equations that describes the relationship between the amount remaining after income tax is paid and the amount of income.

r = amount of money remaining i = amount of income r = 0.92i

Kamryn invests $1,650 dollars into an account with an interest rate of 9%. In 4 years, will she have enough money to purchase a $2,200 car?

Yes Kamryn has enough. She has a total of $2,244 in her account. (she earned $594 in interest)