What has a ring but no finger?

A word I know has six letters it contains, remove one letter and 12 remain. What is it?

An octopus has 8 legs. A hippogriff has 6 legs and 2 pairs of wings. A sphinx has 6 legs and one pair of wings. Now we have all 3 kinds and a total of 18 insects in a cage. We have a total of 118 legs and 20 pairs of wings. How many insects do we have of each kind?

Rahul decided to meet Simran so he boards a local train from Bombay station. Just after the station, there is a 1km long tunnel. The train starts and is now accelerating. Rahul is a claustrophobic guy, so what is the best position for him to sit?

Three men in a cafe order a meal the total cost of which is $15. They each contribute $5. The waiter takes the money to the chef who recognises the three as friends and asks the waiter to return $5 to the men.

The waiter is not only poor at mathematics but dishonest and instead of going to the trouble of splitting the $5 between the three he simply gives them $1 each and pockets the remaining $2 for himself.

Now, each of the men effectively paid $4, the total paid is therefore $12. Add the $2 in the waiters pocket and this comes to $14. Where has the other $1 gone from the original $15?

A man lives on the fifteenth floor of an apartment building. Every morning he takes the elevator down to the lobby and leaves the building. In the evening, he gets into the elevator, and, if there is someone else in the elevator, or if it was raining that day, he goes back to his floor directly. Otherwise, he goes to the tenth floor and walks up five flights of stairs to his apartment. Can you explain why he does this?

I am a type of word that is spelt incorrectly or used differently, on purpose for humour. What am I?
Hint 1: You can find me in a joke.
Hint 2: I am a play on words.

A beggar on the street can make one cigarette out of every 6 cigarette butts he finds. After one whole day of searching and checking public ashtrays the beggar finds a total of 72 cigarette butts. How many cigarettes can he make and smoke from the butts he found?

Can you find the missing letter in the sequence?
S - T - I - L - ? - T - F - Y - C

There was once a college that offered a class on probability applied to the real world. The class was relatively easy, but there was a catch. There were no homework assignments or tests, but there was a final exam that would have only one question on it. When everyone received the test paper it was a blank sheet of paper with a solitary question on it: 'What is the risk?'.Most students were able to pass, but only one student received 100% for the class! Even stranger was that he only wrote down one word!
What did he write?