

Salary and Wages Test
Flashcard
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the formula to calculate commission?
Back
Commission = Sale Amount × Commission Rate (as a decimal)
2.
FLASHCARD QUESTION
Front
How do you convert a percentage to a decimal?
Back
Divide the percentage by 100. For example, 5% = 5 ÷ 100 = 0.05.
3.
FLASHCARD QUESTION
Front
What is the monthly salary if the yearly salary is $66,000?
Back
$5,500 (Yearly Salary ÷ 12 months = Monthly Salary).
4.
FLASHCARD QUESTION
Front
How do you calculate annual salary from weekly earnings?
Back
Annual Salary = Weekly Earnings × 52 weeks.
5.
FLASHCARD QUESTION
Front
What is the standard number of hours in a regular work week?
Back
40 hours.
6.
FLASHCARD QUESTION
Front
If you earn $950 weekly, what is your annual salary?
Back
$49,400 (Weekly Earnings × 52 weeks = Annual Salary).
7.
FLASHCARD QUESTION
Front
What is the commission on a $700 sale at a 5% commission rate?
Back
$35 (700 × 0.05 = 35).
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