Question

Scott's employer pays 70 % of his health insurance premium and deducts the remainder from his paycheck scott is paid biweekly and the annual premium is $8748 how much is deducted from his paycheck for health insurance

A) $310.00
B) $235.52
C) $124.97
D) $100.94

Jarvis a 41 year old male bought a $115,000 20 years life insurance policy through his employer jarvis is paid weekly how much is deducted from each of his paychecks for life insurance?
THERE IS A CHART FOR THIS ON SO LOOK DOWN BELOW FOR IT!!!
A) $10.06
B) $12.75
C) $22.85
D) $30.25

marco invested $300 into a fund that expected to grow by 4.23% per year how long will it take the fund to be worth $6000
A) about 4.2 years
B) about 9.5 years
C) about 10.5 years
D) about 17 years

stephen bought a bond with a face value of $8000 and a coupon rate of 6.75% the bond will mature in 15 years how much interest will he receive semiannually
A) $270
B) $324
C) $360
D) $540

skye's gross annual income is $36,192 she is paid weekly and has 4% deducted from her paychecks for 403(b) her employer matches her deduction up to 3% how much deposited into skye's 403(b) each pay day
A) $20.88
B) $27.84
C) $41.76
D) $48.27

ruth's gross biweekly pay is $1805 to maintain her current lifestyle how much should she save up by the time she retires
A) $433,200
B) $469,300
C) $694,230
D) $752,080

Chanel deposited $1175 into a saving account that pays a sample annual interest rate of 1.45% how much interest will she earn after 4 years
A) $68.15
B) $42.59
C) $32.41
D) $17.04

Answer 1

i just took the test the answer is 469,300

Explanation:

#6 ruth's gross biweekly pay is $1805 to maintain her current lifestyle how much should she save up by the time she retires

A) $433,200

B) $469,300

C) $694,230

D) $752,080

1805*26 = 46,930*10 =469,300

Answer 2

Scott: 8,748 x 30% = 2,624.40 his share for health insurance.
2,624.40 / 52 weeks = 50.47
50.47 x 2 = 100.94 (biweekly pay) CHOICE D.

Jarvis: 41 y.o male ; 115,000 for 20 years.
115,000 / 1,000 = 115
115 x 13.68 = 1,573.20 annual premium
1,573.20 / 52 weeks = 30.25 weekly deduction CHOICE D.

I think the initial investment is 3,000 to have an answer among the given choices.
Marco: 3,000 (1.0425)^17 = 3,000 x 2.029 = 6,087 CHOICE D. about 17 years.

Stephen: 8,000 x 6.75% p.a. = 540 / 2 (semi annual) = 270 CHOICE A.

Skye: 36,192 annual salary / 52 weeks = 696 weekly salary
696 x 4% deduction = 27.84 skye's share
696 x 3% deduction = 20.88 employer's share
27.84 + 20.88 = 48.72 nearest to CHOICE D.

Ruth problem needs additional data.

Chanel:
1175 x 1.45% x 4 yrs = 68.15 Choice A.