ABEKA BUSINESS MATH TEST 11 (COMPLETE) EXAM QUESTIONS AND ANSWERS

ABEKA BUSINESS MATH TEST 11
(COMPLETE) EXAM QUESTIONS AND
ANSWERS
$14,600 is over 10k but not over 15k so your tax rate'll be $350 + 5% of taxable income
over $10,000 - ANSWER-subtract 10,000 from $14,600 ($4,600) multiply what you got
by .05 ($230) and add 350 to that ($580)

$9,300 is over 5k but not over 10k so your tax rate'll be $150 + 4% of taxable income
over $5,000 - ANSWER-subtract 5,000 from $9,300 ($4,300) multiply what you got
by .04 ($172) and add 150 to that ($322)

$24,700 is over 20k but not over 25k so your tax rate'll be $900 + 7% of taxable income
over $20,000 - ANSWER-subtract 20,000 from $24,700 ($4,700) multiply what you got
by .07 ( ($329) and add 900 to that ($1,229)

$28,350 is over 25,000 and has no limit so your tax rate'll be $1,250 + 8% of taxable
income over $25,000 - ANSWER-subtract 1,250 from $28,350 ($27,100) multiply what
you got by .08 ($2,168) and add 25,000 to that ($27,168)

$8.00;$10.00 increase or decrease - ANSWER-subtract 10-8=$2 divide 2/8 = .25 aka
25% increase

$3.25;$2.75 increase or decrease - ANSWER-subtract 3.25-2.75=.50 divide 3.25 by .50
(325/50.00) = 15% decrease

25 squid games;18 squid games increase or decrease - ANSWER-25-18=7 so divide
25/7.00=28% decrease

40 students;50 students increase or decrease - ANSWER-50-40=10 so divide
40/10.00= 25% increase

$15;$22 - ANSWER-22-15=7 so divide 15/7.00 = 466 but round it up so 47% increase

NO. 257; DATE 4/3; wash 'n wax; amount of payment 8.00; - ANSWER-subtract 8.00
from 1050 = BAL: $1042.00

NO. 258; DATE 4/5; sandwich king; amount of payment 9.75; - ANSWER-subtract 9.75
from the already written 1042.00 above = BAL: $1032.25

DATE 4/11; deposit; AMOUNT OF DEPOSIT 250.00; - ANSWER-add 250.00 to the
already written 1032.25 above = BAL: $1282.25