midterm

Front

Eddie worked 51.5 hours this week. He gets paid $12.48 per hour for the first 40 hours and then gets double-time for the rest of the time. How much money did he make this week?

Back

$786.24

Tags

CCSS.7.NS.A.3

Front

Hours = _______/60

Back

minutes

Tags

CCSS.4.MD.A.1

Front

The Social Security deduction is withheld at a standard rate of 6.2%. Suppose your gross pay this week is $500. How much Social Security tax is withheld from your paycheck?

Back

$31

Tags

CCSS.6.RP.A.3C

Front

Find the simple interest on a $2,219 principle, deposited for six years at a rate of 5.11%

Back

$680.35

Tags

CCSS.7.RP.A.3

Front

What percent of your earnings goes to Medicare?

Back

1.45%

Tags

CCSS.6.RP.A.3C

Front

Define simple interest.

Back

Simple interest is calculated using the formula: I = PRT, where I is the interest, P is the principal amount, R is the rate of interest per year, and T is the time in years.

Tags

CCSS.7.RP.A.3

Front

What is the formula for calculating gross pay?

Back

Gross pay = (Hourly wage × Hours worked) + Overtime pay.

Tags

CCSS.6.NS.B.3

Front

What is overtime pay?

Back

Overtime pay is the amount paid to an employee for hours worked beyond the standard 40 hours per week, typically at a higher rate.

Front

How do you calculate overtime pay?

Back

Overtime pay = (Hourly wage × 2) × (Hours worked - 40) for hours over 40.

Front

What is the standard rate for Social Security tax?

Back

6.2% of gross pay.

Tags

CCSS.7.RP.A.3