# Review 5: Question Preview (ID: 3050)

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 Martha has a \$200 deductible and 20% co-payment on her health insurance. Last year she had \$6,500 in medical bills. What was MarthaвЂ™s out-of-pocket expense? JH a) \$1,460 b) \$1,500 c) \$1,400 d) \$1,689 2. Mitch has an \$800 deductible and no co-payment on his health insurance. If he had a total of \$4,092 in doctorвЂ™s bills, what is the amount of his benefit? JAY a) \$3,689 b) \$3,292 c) \$3,290 d) \$3,298 3.If you have medical expenses of \$7,320 in 1 year, which costs less, a \$600 deductible and 10% co-payment, or an \$800 deductible and 5% co-payment? MICHAEL a) \$600 deductible 10 Co-payment b) \$800 deductible 5% Co-payment c) \$800 deductible 6% Co-payment d) \$600 deductible 11 Co-payment 4. PaulaвЂ™s health insurance has a \$300 deductible and 20% co-payment. Last year she had medical bills totaling \$12,420.What was her out of-pocket expense? JH a) \$4,890 b) \$4,729 c) \$4,720 d) \$4,721 5. Charley is 3 years, 9 months old. His life expectancy is 71.5 years. How many more years is he expected to live? JAY a) 70 year 6 month b) 70 year 9 month c) 70 year 7 month d) 70 year 8 month 6. Shawn paid \$52,500 in Social Security taxes over a 30-year period. His monthly retirement benefit is about 1.5 % of the total contribution. About how much is his monthly Social Security benefit? MICHAEL a) \$1,140 b) \$1,144 c) \$1,149 d) \$1,148 7. Lisa retired at age 68. The total contribution to her Social Security is \$118,200. Her monthly Social Security benefit is \$1,773. If she lives to be 79, how much more will she receive in Social Security benefit a) \$106,256 b) \$106,258 c) \$106,257 d) \$106,256 Which is more, 9% of \$2,000 of 12% \$850? How much more? a) 9% of \$2,000 78 b) 9% of \$2,000 79 c) 12% \$850 78 d) 12% \$850 79 Jason earns a 4% commission on sales of \$6,000. Pete earns a 2% commision on sales of \$11,000. Who earns more in commission? How much more? a) Jason 21 b) Pete 21 c) Jason 20 d) Pete 20 The Vegetable Grocer schedules 1 cashier for every 80 customers. Shift 1 has an average of 278 customers. The Vegatable Grocer schedules_____________ cashiers for Shift 1. a) 4 b) 3 c) 2 d) 1
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