2024-25 Semester 2 Final Exam MC - Financial Algebra (Version A)

• 50%

• 40%

• 30%

• 60%

Out of 80 vehicles, 30 are electric, 20 are hybrids, and 30 are gas-powered. What is the probability that a vehicle selected at random is either electric or hybrid?

• 0.520

• 0.725

• 0.625

• 0.420

Steve is driving at 35 mi/h when he makes an emergency stop. His wheels lock and leave four skid marks of equal length. The drag factor for the road surface was 0.97 and his brakes were operating at 90% efficiency. How long might the skid marks be to the nearest foot?

• 67 ft.

• 77 ft.

• 57 ft.

• 47 ft.

In a survey of 200 car owners, 120 own Toyotas. What is the probability that a randomly selected person owns a Toyota?

• 0.55

• 0.60

• 0.65

• 0.70

Chris purchased a used car for $19,700. The car depreciates exponentially by 10% per year. How much will the car be worth after 6 years? Round your answer to the nearest penny.

• $10,483.82

• $10,469.39

• $10,497.71

• $12,560.20

Roberta is single and has a taxable income of $200,000. Following the tax schedule above, how much does she owe?

• $49,750.75

• $50,750.75

• $51,750.75

• $52,750.75

John is a single taxpayer and he paid $6,231.25 in federal income taxes. What is his taxable income based on the provided tax schedule?

• $39,550.00

• $44,216.67

• $26,530.00

• $65,916.67

Ben’s taxable income is $92,300. What percent of his taxable income is his tax? Round to the nearest percent.

(a)  

• $93.50

• $95.00

• $85.00

• $91.50

Gloria pays her insurance three times each year. The first payment is 40% of the annual premium, and each of the next two payments is 30% of the annual premium. If the annual premium is $924, find the amounts of the three payments.