1. Paul's statement balence is $2384.19. He finds that he has check numbers 381 and 385 outstanding in the amounts of $143.72 and $462.90. He also has an outstanding deposit of $361.86. He reconciles the statement. What should the adjusted amount be?

a. $2746.05 b. $2846.15 c. $2139.43 d. $2628.95 or e. none of the above

I said E, am I right?

2. You teach in school. You are married and have family coverage for medical, dental, vision, prescription and term life insurance. The annual premiums are : $2690 for medical; $268 for dental; $120 for vision; $194 prescription; and $270 for life insurance. The school pays 85% for medical and prescription, 80% for dental and vision and 90% life insurance. You get paid semi-monthly (24x?) from september through may. How much is deducted from each paycheck?

a. 35.67 b. 52.74 c. 47.11. d. 29.84 e. none of the above.

I said 52.74.

3. Using the social security tax rate of 6.2% on the first $62,700 and medicare tax rate of 1.45% of all income, Maria has a gross weekly income of 502.16$. Her earnings to date for this year are $20,086.40. How much is deducted from her paycheck this week for social security?

a. 31.12 b. 7.28. c. 13.31 d. 8.72. e. none of the above.

I said $13.31?

4. Tara deposited $4325.90 in a savings account that pays 5.5% interest compounded daily. How much money will be in the account at teh end of 120 days?

a. 4325.90 b. 4338.78 c. 8743.98 d. 4404.46 e. none of the above.

I ruled out C and A. Im thinking None of the above??

5. Tom earns $67,710 a year and is paid semi-monthly (24x?). How much is deducted each pay period for social security if the rate is 6.6%?

a. 37.28 b. 79.71. c. 116.99 d. 159.42 e. none of the above.

I Said E?

6. Wes earns $30,140 annually as a new staff attorney. He is single and the state tax rate is 3.5% of taxable income. What amount is witheld from his monthly pay for state income tax? (personal exemption single = $1400)

a. 20.96 b. 87.91 c. 83.83 d. 79 or e. none of the above.

I've ruled out D.

7. You are a traveling sales representitive for lawn-care inc. You have medical, dental, term life insurance and travel insurance coverange through the company. Medical costs 1580, dental costs 194, and travel costs 92 per year. The company pays 80% of medical, 70% of dental and 85% of travel. Termal life is paid entirely by the company. How much is deducted from your pay each month for coverage?

a.32.33 b. 27.44 c. 25.96 d. 37.77 e. not given

I KNOW IT IS NOT B

8. Mark has a gross weekly income of 412.96. His earnings to date this year total 19,822.08. How much is deducted from his paycheck this week for social security if the rate is 6.2%?

a. 33.60 b. 29.50 c. 25.75 d. 24.60 or e. answer not given.

I ruled out D.

9. You are a locksmith and earn 18.80 an hour for 40 hours a week with a time and a half being paid for hours worked past 40. The state tax rate is 4.5% of taxable income, medical insurance is 1560 a year, of which the company pays 75%. Term life insurance is 195$ a year of which you pay 50%. Social security and medicare are withheld. What is your net pay for one week in which you worked 44 hrs, if you federal income tax withholding is 127$?

a. 600.94 b. 625.54 c. 700 d. 725.54 e. none

Im pretty sure it's B. 625.54?

10. Carol earns 1500 each semi-monthly pay period. Her medical insurance osts 4760 a year, of which her company pays 70% of the costs. How much is deducted from her semi-monthly paycheck for medical insurance?

a.47.60 b.14.28 c.38.80 d. 59.60 e. none of the above.

Im pretty sure it's 59.50...so E, none of the above.

can someone PLEASE help me correct these? I really really need the help :(