Financial Math -FINAL EXAM

Front

An employee who is paid semimonthly is paid _______ times a year.

Back

24

Front

May's gross pay is $2,875.34. After her deductions (insurance-$54.03, taxes-$87.98, social security-$25.00), what does she earn?

Back

$2708.33

Front

What is net pay?

Back

You pay after deductions.

Front

Kyle worked a 36 hour week at $10.00 an hour. How much did he earn last week?

Back

$360.00

Front

Dominique makes $9.95 an hour and works 26 hours a week. What is his weekly wage?

Back

$258.70

Front

The TV you bought was $900 and the sales tax was 10%, what was the total cost of the TV?

Back

$990

Front

Find the tip amount for a $20 lunch with a 20% tip.

Back

$4

Front

What is the purpose of the W-4 form?

Back

To determine how much money your employer withholds from your paycheck for income taxes

Front

The amount someone must pay before they start receiving any benefits from their insurance company is known as the ___________

Back

deductible

Front

A formal contract between the insured and the insurance company that identifies all the coverages is known as a __________

Back

policy