Question

Help with Consumer Math please

Answer 1

12. Your gross pay is $2,789.00. Your involuntary deductions are FICA (7.65%), federal withholding (12%), and state withholding (7%). How much are you allowed for housing and fixed expenses? *

$728.54
$736.46
$732.48

13. You are paid $8.25/hour. You work 37 hours/week for 3 weeks. Your involuntary deductions are FICA (7.65%), federal withholding (13%), and state withholding (9%). How much is your realized income? *

$609.39
$628.15
$644.23

14. You have a credit card with an initial balance of $3,168.00 and an interest rate of 12.25% APR. If you make no payments on the card for three months, how much is your balance by the end of the third month? *

$3,266.01
$3,270.06
$3,144.57

15. Your mortgage is $135,400.00 at a 5.25% APR. If you pay $1,600.00 towards the mortgage each month, how much of your second month's payment is applied to the principal? *

$911.60
$587.97
$1,012.03

16. You have $1,968.00 on a credit card with a 14.5% APR. You miss your minimum payment the first month and there is a late fee of $37.00. How much is your balance at the beginning of the second month? *

$1,991.78
$2,028.78
$2,059.14

17. You take out a cash advance of $2,790.00 on a credit card with a 4.5% cash advance fee and a 13.5% APR. What is the amount due by the end of the month? *

$2,948.35
$2,920.14
$2,950.84

18. You have a credit card with a balance of $1,265.34 and a 9.5% APR. A late payment fee of $29.00 is added to the principal if you pay after 5/28. You make a payment for $200.00 on 5/28. How much interest did you pay? *

$189.98
$9.95
$10.02

19. You make a purchase of $1,987.54 using a rewards credit card that gives you 5% cash back. If the credit card has a 17.75% APR and you do not make a payment the first month, how much is the difference between the first month's interest and the reward? *

$10.35
$99.38
$69.98

20. You have four credit cards. Each has a balance of $950.00, but their credit limits are $1,200.00, $2,200.00, $2,400.00, and $3,000.00. Paying off and closing which card would decrease your debt ratio? *

$3,000.00 limit
$1,200.00 limit
$2,400.00 limit

Answer 2

okay the last one is 2.400.00

Answer 3

thats a whole lit of question