⦁ The nationwide adult smoking rate is 15.8 In a random sample of 4080 American adults, how many of these are likely to smoke? Round to the nearest integer.
⦁ New York City Mayor Michael Bloomberg made it his mission to reduce smoking in New York City. New York City’s adult smoking rate is 21%. In a random sample of 4945 New York City residents, how many of those people smoke? Round to the nearest integer.
⦁ Suppose you go out to dinner and you spend $37.00. You want to leave a 31% tip. How much money should you leave for a tip? Round your answer to the nearest cent.
⦁ Suppose you go out to dinner with 5 other friends and spend $160.22. You want to leave a 35% tip and split the total evenly.
⦁ How much money should your entire group leave for a tip? Round to the nearest cent.
⦁ What is the total amount each person should pay? Round to the nearest cent.
⦁ Suppose a county adds a local tax rate of 3% to the CA state tax rate which increases the total tax rate to 8.6%. How much sales tax will be charged when buying something that costs $34.36. Round your answer to the nearest cent.
⦁ When you borrow money to buy a home, the lender typically expects you to pay 15% of the purchase price of the home upfront as a down payment. If you can’t put the 15% down, then you will have to purchase PMI. If a home costs $368,000.00, how much of a down payment do you need to make in order to avoid having to purchase PMI? Round your answer to the nearest cent.
⦁ PMI is based on the amount of money you borrow. Each year, your PMI cost is 0.95% of the amount you borrow. Suppose you borrow $250,000.00 and need to purchase PMI. How much will you have to pay for PMI for the year?
⦁ If your mortgage payment exceeds 28% of your monthly gross income, then you are borrowing too much money. If Julio makes $4,900.00 a month and has a mortgage payment of $1,810.00, is he borrowing too much money?
T/F?
⦁ Your mortgage payment, monthly PMI, monthly house insurance, and monthly property tax should total no more than 38% of your gross monthly income. If the total is more, then you are borrowing too much money. With the following payments and income, have you borrowed too much money?
Description Dollars
Mortgage Payment $1600.43
Monthly PMI $16.00
Monthly Property Tax $16.00
Monthly Home Insurance $4.80
Gross Monthly Income $4711.16
⦁ Calculate 38\%38% of your gross monthly income.
⦁ Calculate the total of your payment, PMI, insurance, and property taxes.
⦁ Are you borrowing too much? t/f?
⦁ In November, Janet paid $61.31 for electricity. The following month, her electricity bill increased to $87.45. By what percent did the bill change? Round your answer to 2 decimal places.
⦁ In 2002, the average life expectancy in Angola was .8 years. In 2009, the life expectancy in Angola was 53.9 years. What was the percent change of life expectancy in Angola from 2002 to 2009? Round your answer to 2 decimal places.
⦁ The Consumer Price Index (CPI) is used to measure prices relative to some base price. The Bureau of Labor Statistics maintains the index which measures prices relative to the years 1982 to 1984.
The base CPI is 100 and corresponds to average prices in 1982 to 1984. Suppose the CPI for new
vehicles in November 2018 was 144.022. This means that prices for new vehicles in November 2018 were 144.022% of what they were in 1982 to 1984.
⦁ Suppose in 1984, the list price of a new Toyota Corolla was $9,482.00. Using the CPI, what would be the price of a new Toyota Corolla in November 2018? Round to the nearest cent.
⦁ Suppose in November 2018, the list price on a base model of the Toyota Tacoma was $28,500.00. Using CPI, find the list price of a new Tacoma in 1984. Round to the nearest cent.
⦁ A resident of Illinois has found that have a Net Income of \$51{,}475.00$51,475.00 for line 11 on 2020 Form IL-1040. Find the result for line 12 .
