We want to find the value that makes
To find it we must look at the standard normal table, using the complementary cumulative table we find that
Then, using the z-score we can find the minimum score needed, remember that
Where
σ = standard deviation
μ = mean
And in our example, x = minimum score needed, therefore
Rounding to the nearest integer the minimum score needed is 568, if you get 568 you are at the top 20.1%.
<span><u><em>The correct answers are: </em></u>
1) C
2) A
3) D
<u><em>Explanation</em></u><span><u><em>: </em></u>
1) <u>Voluntary deductions</u> are amounts that you elect to come out of your paycheck every pay period. Federal tax is not voluntary; neither is state tax, nor Social Security. The only voluntary deduction in this list is health insurance. You are not obligated to pay for your health insurance by automatically withholding it from your check.
2) <u>FICA</u> is the tax that goes towards Social Security and Medicare. It is involuntary, and it is deducted as a percentage of your gross (pre-withholding) pay.
3) <u>A fixed expense</u> would be one that is the same from month to month. The only one of these expenses that would be the same amount monthly is a mortgage.</span></span>
Answer:
I think it's B.
Step-by-step explanation:
Hope this helps. :)
