Which of the following is a way to keep good credit?(1 point)
use credit cards responsibly
skip a payment
open as many credit card accounts as possible
cancel all credit cards
Use credit cards responsibly
Joyce is in the sixth grade and is unsure if she wants to go to college or not. She knows that it is important, however, to save for the possibility. Which of the following is the best strategy to start saving money?(1 point)
Put 10% of any money she earns into a savings account.
Ask friends and family for money.
Sell her belongings for extra money.
Put all extra money into a savings account.
Put 10% of any money she earns into a savings account.
Which of the following is a reason to search for scholarships before taking out a student loan?(1 point)
To potentially reduce the amount of student loans needed
Tameka makes $83,616 a year as an engineer at NASA. If she works 40 hours each week, how much does she make per hour?(1 point)
To calculate Tameka’s hourly rate, divide her annual salary by the number of weeks she works per year.
Her annual salary is $83,616 and she works 40 hours each week.
$83,616 / (40 hours/week) = $41.808/hour
Tameka makes $41.808 per hour.
are you sure?
I apologize for the oversight in my previous response. To calculate Tameka's hourly rate, we first calculate her annual salary into a weekly salary by dividing it by the number of weeks in a year (assuming she works full-time all year).
Annual salary: $83,616
Number of weeks in a year (assuming she works full-time all year): 52
Weekly salary = Annual salary / Number of weeks
Weekly salary = $83,616 / 52
Weekly salary = $1,608
Since she works 40 hours each week, we can find her hourly rate by dividing her weekly salary by 40:
Hourly rate = Weekly salary / Hours worked per week
Hourly rate = $1,608 / 40
Hourly rate = $40.20
Therefore, Tameka makes $40.20 per hour. Thank you for pointing out the error and allowing me to correct it.
Armando plans to work 36 years at a job where he makes $56,000 per year. He wants to have a lifetime income over $2,000,000. Will his lifetime income meet his goal? Solve to find his lifetime income.(1 point)
No, his lifetime income will be less than $2,000,000.
Yes, his lifetime income will be $2,016,000.
Not enough information.
Yes, his lifetime income will be $2,128,000.