Advertising fees that franchisees have to pay the franchisor are typically less than ________ percent of gross income.
A. 1
B. 3
C. 4
D. 2
E. 5
Answer: B. 3
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Solve the problem. Refer to the table if necessary.Kevin is married, but he and his wife filed separately. His gross salary was $34,707, and he earned $466 in interest. He had $1848 in itemized deductions and claimed three exemptions for himself and two children. Find his taxable income.
A. $14,825 B. $22,925 C. $24,773 D. $16,673
Solve the problem.The average cost of a 4-year college education is projected to be $140,000 in 15 years. How much money should be invested now at 7%, compounded quarterly, to provide $140,000 in 15 years?
A. $17,458.14 B. $107,922.44 C. $140,000.00 D. $49,438.24
Solve the problem.One half of a number is 3 more than one-sixth the same number. What is the number?
A. 12 B. 8 C. 18 D. 9
Translate the problem to an equation. Do not solve.Twice a number less 5 equals 5.
A. 2x - 5 = 5 B. 2(x - 5) = 5 C. 5 - 2x = 5