A pay stub shows gross pay of $1,200, withholding of $180, payroll taxes of $92, and benefit deductions of $48. What is the employee's net pay?

Use the pay-stub table. What amount is deposited into Jordan's bank account?

Using this simplified bracket table, how much income tax is owed on $30,000 of taxable income? First $10,000 is taxed at 10%; the next $20,000 is taxed at 12%.

A worker earns $18 per hour for 40 regular hours and 5 overtime hours paid at 1.5 times the regular rate. What is gross pay for the week?

A W-2 is most directly used to report what to an employee and the IRS?

A freelancer receives a 1099-NEC showing $4,000 in earnings. Why might the freelancer need to set money aside during the year?

Use the earnings table. What is Priya's gross pay before any withholding?

Nico has gross pay of $900 and chooses a $45 retirement-plan contribution before calculating the stated 10% withholding. Using only these figures, how much withholding is taken?

A job offer pays $42,000 salary plus an estimated $3,000 annual employer retirement contribution. What is the total annual compensation described?

Use the pay-stub table. Which amount is Casey's net pay?

Account A charges a $6 monthly fee when its balance is below $300. Account B has no monthly fee but charges $3 for each out-of-network ATM use. With a $200 balance and one such withdrawal, which costs less this month?

A savings account pays 4% APY and another pays 4% APR compounded monthly. Which measure directly states the annual return after compounding?

Use the account comparison. Mia keeps $150 and makes two out-of-network withdrawals. Which account has the lower monthly cost?

A $500 check is deposited on Monday. The bank says $200 is available immediately and the rest is available Wednesday. How much can the customer safely spend before Wednesday?

Devon's budget has $2,400 monthly take-home pay, $1,000 housing, $350 food, $300 transportation, $250 savings, and $400 other spending. How much remains?

Use the budget table. Which category should be reduced by $125 for the budget to balance?

A debit-card purchase is immediately paid from which source?

A student has $600 in a checking account and writes checks totaling $680 without overdraft protection. What is the likely result?

Lena can buy a concert ticket today for $60 or save the $60 for a needed car repair next week. If she buys the ticket, what is the opportunity cost?

Use the account table. Which account is more liquid for an emergency expense tomorrow?

A card has a $2,400 balance and a $3,000 credit limit. After a $600 payment posts, what is the new credit utilization rate?

Use the credit-card table. What is the utilization rate?

A $1,000 loan charges 6% simple interest for 2 years. What is the total amount repaid?

A borrower compares two one-year loans. Loan A lends $2,000 with a $100 finance charge. Loan B lends $1,500 with a $90 finance charge. Which loan costs less as a percentage of the amount borrowed?

Use the loan table. What is the total of payments on Loan X?

A secured loan requires the borrower to pledge what?

A borrower has a $5,000 auto loan at 5% APR and a $5,000 credit-card balance at 20% APR. Under the debt avalanche method, which balance is targeted first after minimum payments?

Use the payment table. If Amir pays $200 instead of the $80 minimum, how much more does he pay toward the balance this month?

A credit report lists a loan that does not belong to Tasha. What is the most appropriate first step?

A car costs $18,000. A buyer pays $3,000 down and finances the rest with 36 payments of $470. What is the total cost paid for the car?

A diversified portfolio spreads investments across different assets mainly to reduce what?

Use the portfolio table. What is the largest concern?

Kai invests $1,000 at 5% annual compound interest. Ignoring deposits and withdrawals, what is the balance after 2 years?

An investment has a possible gain of 8% or a possible loss of 8%. If $500 is invested, what is the value after the loss outcome?

Use the investment table. Which option has the highest stated annual return?

A Roth IRA contribution is generally made with which type of money?

A share of stock gives its owner what?

A $2,000 investment loses 10% in year one and gains 10% in year two. What is the ending value?

Use the retirement-plan table. After 3 years, what portion of the employer's $4,000 contribution is vested?

A bond investor is primarily lending money to whom?

Use the investment table. If Lee puts $600 equally into the three funds, how much goes into each fund?

A health plan has a $100 copay for an emergency visit and then pays 70% of the remaining $900 bill. How much does the patient pay?

Use the claim table. If the covered repair bill is $1,200, how much does the policyholder pay before the insurer pays its share?

Jamal leases an apartment and owns a laptop and furniture, but not the building. Which insurance is designed to cover his personal property and liability?

An auto policy has a $1,000 deductible. A covered collision causes $4,500 in damage. If the insurer pays the covered amount after the deductible, how much does the insurer pay?

Use the health-plan table. After the deductible is met, the plan pays 80% of a $500 covered bill. How much does the patient pay?

An insurance premium is best described as what?

A driver hits another car and is legally responsible for the damage. Which coverage is intended to help pay for the other driver's damage?

Use the policy table. Which option has the lower annual premium?

A $10,000 disability policy replaces 60% of a worker's stated monthly income of $3,000. What monthly benefit does the policy describe?

A family has $8,000 in assets and $3,500 in liabilities. What is its net worth?

A loan disclosure lists $1,000 amount financed, a $120 finance charge, and $1,120 total payments. Which figure is the cost of borrowing?

Use the loan disclosure table. What is the total amount the borrower will pay?

A lender says a borrower must buy an unnecessary add-on service to receive a loan, then refuses to explain its cost. Which warning sign is most relevant?

A borrower receives an unsolicited message asking for a Social Security number and bank password to “verify” a loan offer. What is the safest action?

Use the purchase table. What is the net price after the grant is applied?

A subsidized student loan differs from an unsubsidized student loan during eligible in-school periods because who pays the interest on the subsidized loan?

A consumer sees an unfamiliar credit-card account on a credit report. Which federal law gives consumers rights to dispute inaccurate credit-report information?

A store advertises a phone for $600 with a $100 mail-in rebate. If the rebate is received, what is the final out-of-pocket cost?

Use the cost-comparison table. Which option has the lower total first-year cost?