Math From Economics Quizes

Question 1

If my gross pay check was for $4600.00 and there was $258.00 deducted for federal taxes, $94.00 deducted for social security, $43.00 deducted for medicare and $170.00 deducted for 401k Plan, the net pay for that check would be ___

Answer 1

$4035.00

Question 2

If a saving account of $300 is earning 7 percent interest, then after 3 years I would have $421.00

Answer 2

False - 7% = $21

$393.00