The Mathematics of Money

648 Appendix A Answers to Odd-Numbered Exercises

11. a) $97.43, b) $6.09, c) $103.52


12. $11,162.79


13. $455.64


14. $2,845.24


15. $22.39


16. Self $801.00; dealer $789.95


17. $69.95


18. $19.50


19. $2,857.14


20. $10.35


21. 7.25%

Chapter 9 Section 9.2

1. $55,453; 4


2. $43,616; 1


3. a) $7,562.95, b) 15%, c) 13.64%,
   d) 9.58%


4. $7,461.50


5. $2,968.30


6. a) $6,431.25, b) $655.00, c) $6,151.75


7. a) $1,496.35, b) $380.76, c) $937.67,
   d) $111.20


8. $668.07; $887.21


9. a) $7,042.43, b) $6,750.55,
   c) $291.88 refund


10. a) Owe $4,237.81, b) $1,459.83 refund


11. $3,018.38


12. Social Security $5,840.40;
    Medicare $1,823.65


13. $4,176.90


14. a) $183.44, b) $100.39


15. $5,906.50


16. 15%; 7.93%


17. a) $146.13, b) $122.41, c) $1,331.55


18. a) $265.51, b) $157.33, c) $1,633.74


19. a) $173.44, b) $165.47, c) $1,824.04


20. a) $58.22, b) $116.41, c) $1,347.09


21. $5,840.40; 0.03%

Chapter 9 Section 9.3

1. $750.61


2. $8,079.75


3. $3,224.00


4. Probably 25%


5. a) Approximately $68,550, b) probably not


6. a) $208,773, b) yes


7. a) $20.44/thousand, b) $2.044/hundred,
   c) 2.0443%, d) 20.44 mills


8. 5.09% increase


9. a) $65,263; b) $9.60/thousand, slight difference
   due to rounding; c) $3,740,000, no change


10. $78,645.40


11. South is lower. Tax on a $100,000 property would
    be $3,172 in North and $2,337.20 in South.


12. $3,476.69
    25. $14.82/thousand residential; $11.85/thousand
    commercial

Chapter 9 Section 9.4

1. $1.60; $2.40


2. $6,806.25


3. $171,211.25


4. $145.00


5. a) $2,280,500, b) $627,445, c) $126,225


6. a) $923,355.90, b) $248,355.90, c) $0


7. $0


8. $22,000


9. All the same


10. a) $4,140,000, b) $0


11. $3.80


12. $2.79


13. $4,222,222.22; 23.68%


14. a) No estate tax, $486 capital gains tax; b) no
    estate tax, capital gains tax is $8,946, c) $8,500
    increase

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