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Staticshock3102

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Staticshock3102
Apr 25th, 2018
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  1. Grade Received: 82.9% (66.29 pts out of 80.00 pts)
  2.  
  3.  
  4.  
  5. Question Number 1 Points: 5.00/5.00
  6. Question Text
  7. Which of the following is NOT a commonly used income tax form?
  8. Your Answer
  9. C. 1040EX
  10. Question Number 2 Points: 5.00/5.00
  11. Question Text
  12. What is S if r = 0.005, n = 300, and P = $100.00? Use S = P((1 + r) n – 1)/r.
  13. Your Answer
  14. B. $69,299.40
  15. Question Number 3 Points: 5.00/5.00
  16. Question Text
  17. What is S if r = 0.005, n = 420, and A = $500.00? Use S = A(1 + r)n.
  18. Your Answer
  19. D. $4,061.78
  20. Question Number 4 Points: 5.00/5.00
  21. Question Text
  22. What is another name for the point (0, 0)?
  23. Your Answer
  24. B. Origin
  25. Question Number 5 Points: 5.00/5.00
  26. Question Text
  27. What term describes earnings minus cost?
  28. Your Answer
  29. C. Profit
  30. Question Number 6 Points: 5.00/5.00
  31. Question Text
  32. If you earn $33,100 per year and you save 6% in an IRA, how much will NOT be taxed (to the nearest dollar)?
  33. Your Answer
  34. B. $1,986
  35. Question Number 7 Points: 5.00/5.00
  36. Question Text
  37. What is the inflation or rate of increase when an item that sold for $1.00 sells for $1.25?
  38. Your Answer
  39. C. 25.0%
  40. Question Number 8 Points: 5.00/5.00
  41. Question Text
  42. According to the table, if a couple Married Filing Jointly earns $67,400, what will their taxes be to the nearest dollar?
  43. 1 SAMPLE IRS TAX SCHEDULE, 2004
  44. 2 GROSS TAXABLE EARNINGS, E TAXES DUE
  45. 3 Single
  46. 4 0 to 6,999.99 0.1E
  47. 5 7,000 to 28,399.00 0.15E – 350
  48. 6 28,400 to 68,799.00 0.25E – 3,190
  49. 7 68,800 to 143,499.00 0.28E – 5,254
  50. 8 143,500 to 311,949.00 0.33E – 12,429
  51. 9 311950 and over 0.35E – 18,668
  52. 10 Head of Household
  53. 11 0 to 9,999.99 0.10E
  54. 12 10,000 to 38,049.99 0.15E – 500
  55. 13 38,050 to 98,249.99 0.25E – 4,305
  56. 14 98,250 to 159,099.99 0.28E – 7,252.50
  57. 15 159,100 to 311,949.99 0.33E – 15,207.50
  58. 16 311,950 and over 0.35E – 21,346.50
  59. 17 Married Filing Jointly
  60. 18 0 to 13,999.99 0.10E
  61. 19 14,000 to 56,799.99 0.15E – 700
  62. 20 56,800 to 114,649.99 0.25E – 6,380
  63. 21 114,650 to 174,699.99 0.28E – 9,819.50
  64. 22 174,700 to 311,949.99 0.33E – 18,554.50
  65. 23 311,950 and over 0.35E – 24,793.50
  66. 24 Married Filing Separately
  67. 25 0 to 6,999.99 0.10E
  68. 26 7,000 to 28,399.99 0.15E – 350
  69. 27 28,400 to 57,324.99 0.25E – 3,190
  70. 28 57,325 to 87,349.99 0.28E – 4,909.75
  71. 29 87,350 to 155,974.99 0.33E – 9,277.25
  72. 30 155,975 and over 0.35E – 12,396.75
  73. Your Answer
  74. A. $10,470
  75. Question Number 9 Points: 5.00/5.00
  76. Question Text
  77. On what axis (x is the horizontal axis and y is the vertical axis) is the point (5, 0)?
  78. Your Answer
  79. C. X-axis
  80. Question Number 10 Points: 5.00/5.00
  81. Question Text
  82. If Ed McMahon shows up at your door with $250,000 and your annual earnings are $14,500, what will your taxes be (to the nearest dollar) if you are Married Filing Separately?
  83. 1 SAMPLE IRS TAX SCHEDULE, 2004
  84. 2 GROSS TAXABLE EARNINGS, E TAXES DUE
  85. 3 Single
  86. 4 0 to 6,999.99 0.1E
  87. 5 7,000 to 28,399.00 0.15E – 350
  88. 6 28,400 to 68,799.00 0.25E – 3,190
  89. 7 68,800 to 143,499.00 0.28E – 5,254
  90. 8 143,500 to 311,949.00 0.33E – 12,429
  91. 9 311950 and over 0.35E – 18,668
  92. 10 Head of Household
  93. 11 0 to 9,999.99 0.10E
  94. 12 10,000 to 38,049.99 0.15E – 500
  95. 13 38,050 to 98,249.99 0.25E – 4,305
  96. 14 98,250 to 159,099.99 0.28E – 7,252.50
  97. 15 159,100 to 311,949.99 0.33E – 15,207.50
  98. 16 311,950 and over 0.35E – 21,346.50
  99. 17 Married Filing Jointly
  100. 18 0 to 13,999.99 0.10E
  101. 19 14,000 to 56,799.99 0.15E – 700
  102. 20 56,800 to 114,649.99 0.25E – 6,380
  103. 21 114,650 to 174,699.99 0.28E – 9,819.50
  104. 22 174,700 to 311,949.99 0.33E – 18,554.50
  105. 23 311,950 and over 0.35E – 24,793.50
  106. 24 Married Filing Separately
  107. 25 0 to 6,999.99 0.10E
  108. 26 7,000 to 28,399.99 0.15E – 350
  109. 27 28,400 to 57,324.99 0.25E – 3,190
  110. 28 57,325 to 87,349.99 0.28E – 4,909.75
  111. 29 87,350 to 155,974.99 0.33E – 9,277.25
  112. 30 155,975 and over 0.35E – 12,396.75
  113. Your Answer
  114. D. $80,178
  115. Question Number 11 Points: 5.00/5.00
  116. Question Text
  117. What is a disadvantage of overpaying your taxes during the year?
  118. Your Answer
  119. C. You cannot use the money or draw interest on it until after you get your tax refund.
  120. Question Number 12 Points: 5.00/5.00
  121. Question Text
  122. What kind of interval is (-3,7)?
  123. Your Answer
  124. A. Open open
  125. Question Number 13 Points: 5.00/5.00
  126. Question Text
  127. Refer to the table below to answer this question: What type of graph is this?
  128.  
  129. Click here for a long description of the image above.
  130.  
  131. Your Answer
  132. C. Line graph or scatter chart
  133. Question Number 14 Points: 0.00/5.00
  134. Question Text
  135. When you set two linear function segments equal to each other and solve for the earnings, how can you tell whether or not there is a tax jump going from one linear segment to another?
  136. Your Answer
  137. D. If there is more than one solution, there is a tax jump.
  138. Question Number 15 Points: 5.00/5.00
  139. Question Text
  140. Refer to the table below to answer this question: Which of the following statements is true?
  141.  
  142. Click here for a long description of the image above.
  143.  
  144. Your Answer
  145. C. The slopes are all positive.
  146. Question Number 16 Points: 5.00/5.00
  147. Question Text
  148. What is the term that describes the trend when prices go up and interest rates increase?
  149. Your Answer
  150. B. Inflation
  151. Question Number 17 Points: 5.00/5.00
  152. Question Text
  153. What is the type of stock that gives you the privilege and right to vote on the board of trustees?
  154. Your Answer
  155. C. Common stock
  156. Question Number 18 Points: 5.00/5.00
  157. Question Text
  158. Why do many people choose to overpay their taxes throughout the year?
  159. Your Answer
  160. B. They get a refund at the beginning of the next year.
  161. Question Number 19 Points: 5.00/5.00
  162. Question Text
  163. According to the table below, what is the percentage rate of yield for Starbucks?
  164.  
  165. Sampling from stock market report July 15, 2005
  166.  
  167. 53 Week Year to Date
  168. Hi Lo Name Div Yld Last Chg Chg
  169. 66.85 46.40 Boeing 1.00 1.5 64.58 +24.7
  170. 25.00 22.75 Dillard38 1.88 7.8 24.25 -.36 -2.3
  171. 16.09 8.70 Goodyear 15.86 +.22 +8.2
  172. 64.26 42.05 Starbucks 52.46 +.75 -15.9
  173. 42.27 33.71 VerizonenCm 1.62 4.7 34.30 +.22 -14.1
  174. Your Answer
  175. D. Not shown
  176. Question Number 20 Points: 0.00/5.00
  177. Question Text
  178. The amount of yield is a percentage of the cost per share. According to the table below, what is the amount of yield for VorizonCm as a percentage of last cost per share?
  179.  
  180. Sampling from stock market report July 15, 2005
  181.  
  182. 53 Week Year to Date
  183. Hi Lo Name Div Yld Last Chg Chg
  184. 66.85 46.40 Boeing 1.00 1.5 64.58 +24.7
  185. 25.00 22.75 Dillard38 1.88 7.8 24.25 -.36 -2.3
  186. 16.09 8.70 Goodyear 15.86 +.22 +8.2
  187. 64.26 42.05 Starbucks 52.46 +.75 -15.9
  188. 42.27 33.71 VerizonenCm 1.62 4.7 34.30 +.22 -14.1
  189. Sampling from stock market report July 15, 2005
  190.  
  191. 53 Week Year to Date Hi Lo Name Div Yld Last Chg Chg 66.85 46.40 Boeing 1.00 1.5 64.58 +24.7 25.00 22.75 Dillard38 1.88 7.8 24.25 -.36 -2.3 16.09 8.70 Goodyear 15.86 +.22 +8.2 64.26 42.05 Starbucks 52.46 +.75 -15.9 42.27 33.71 VerizonenCm 1.62 4.7 34.30 +.22 -14.1
  192. Your Answer
  193. D. $34.80
  194. Question Number 21 Points: 0.00/5.00
  195. Question Text
  196. What is the slope of the line segment that goes from (0, 2) to (4,12), where in (x,y), the horizontal variable x is in the first position and the vertical variable y is in the second position?
  197. Your Answer
  198. C. m = 2/5
  199. Question Number 22 Points: 0.00/5.00
  200. Question Text
  201. When saving for your future, is it better to start saving at younger age, or save more when you get older?
  202. Your Answer
  203. B. Save more when you get older.
  204. Question Number 23 Points: 5.00/5.00
  205. Question Text
  206. What is the name of the kind of stock employees buy so that they get paid first if the company wishes to buy back the stock?
  207. Your Answer
  208. D. Preferred stock
  209. Question Number 24 Points: 5.00/5.00
  210. Question Text
  211. When deciding what type of stock to invest in, what is NOT important for you to take into consideration?
  212. Your Answer
  213. A. The number of shares held by company employees
  214. Question Number 25 Points: 5.00/5.00
  215. Question Text
  216. Which value of x is true for x ≤ 2?
  217. Your Answer
  218. A. 1
  219. Question Number 26 Points: 5.00/5.00
  220. Question Text
  221. What is S if r = 0.005, n = 300, and A = $2500.00? Use S = A(1 + r) n.
  222. Your Answer
  223. C. $11,162.42
  224. Question Number 27 Points: 5.00/5.00
  225. Question Text
  226. Use the table below to answer this question: Looking at the investment option descriptions in the columns on the left, what is the least risky investment option?
  227. 2004- 2011 1 Year 2004 5 Year average htvestment Amount 2005 2006 2007 2008 2009
  228. 1 GIF 3.5% 4.5% $1,000 1045 1092 1141 1193 1246
  229. 2 Bonds 5.4% 6.5% $1,000 1065 1134 1208 1286 1370
  230. 3 Mut '1 I 7.9% 8.1% $1,000 1081 1168 1263 1366 1476
  231. 4 Mut '1 II 9.05% 8.99% $1,000 1090 1188 1295 1411 1538
  232. 5 World 11.21% 11.30% $1,000 1113 1239 1379 1535 1708
  233. 6 Edsel II (5.5%) (5.9%) $1,000 941 885 833 784 738
  234. TOTAL $6,000 $6,335 $6,706 $7119 $7,574 $8,076
  235. Your Answer
  236. C. GIFs
  237. Question Number 28 Points: 0.00/5.00
  238. Question Text
  239. Use the table below to answer this question: Looking at the investment option descriptions in the columns on the left, which option seems to have the highest earnings potential?
  240. 2004- 2011 1 Year 2004 5 Year average htvestment Amount 2005 2006 2007 2008 2009
  241. 1 GIF 3.5% 4.5% $1,000 1045 1092 1141 1193 1246
  242. 2 Bonds 5.4% 6.5% $1,000 1065 1134 1208 1286 1370
  243. 3 Mut '1 I 7.9% 8.1% $1,000 1081 1168 1263 1366 1476
  244. 4 Mut '1 II 9.05% 8.99% $1,000 1090 1188 1295 1411 1538
  245. 5 World 11.21% 11.30% $1,000 1113 1239 1379 1535 1708
  246. 6 Edsel II (5.5%) (5.9%) $1,000 941 885 833 784 738
  247. TOTAL $6,000 $6,335 $6,706 $7119 $7,574 $8,076
  248. Your Answer
  249. B. Edsel II
  250. Question Number 29 Points: 5.00/5.00
  251. Question Text
  252. When you get a raise in pay, what often happens to your income taxes?
  253. Your Answer
  254. C. They increase due to a change in tax bracket.
  255. Question Number 30 Points: 5.00/5.00
  256. Question Text
  257. What is S if r = 0.005, n = 180, and P = $200.00? Use S = P((1 + r) n – 1)/r.
  258. Your Answer
  259. A. $58,163.74
  260. Question Number 31 Points: 5.00/5.00
  261. Question Text
  262. What term describes seeing or imagining success in advance and planning accordingly?
  263. Your Answer
  264. D. Vision
  265. Question Number 32 Points: 5.00/5.00
  266. Question Text
  267. When you are young, you have certain needs (food, lodging, clothing, etc) that prevent you from investing in high-risk options that could leave you broke if you lose. What are these needs called?
  268. Your Answer
  269. B. Critical needs
  270. Question Number 33 Points: 5.00/5.00
  271. Question Text
  272. Which of the following would be the most common retirement age?
  273. Your Answer
  274. C. 64
  275. Question Number 34 Points: 5.00/5.00
  276. Question Text
  277. Which of the following might NOT be the safest alternative investment option for a new investor who has no experience?
  278. Your Answer
  279. D. Stock market
  280. Question Number 35 Points: 0.00/5.00
  281. Question Text
  282. Which form is most useful for itemized deductions?
  283. Your Answer
  284. C. I9
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