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 Martha’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 doctor’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. Paula’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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