Mo Money, Mo Problems

Bruce is paid semimonthly, so he receives 24 paychecks a year.

• True
• False

McKenzie sells textbooks. She receives 7% on her first $1,000 in sales and 15% on the balance of her sales. If her sales in one month were $14,500, she would earn $2,025 in commission.

• True
• False

Jim was offered a job as a computer programmer making 65K per year. Another company offered Jim a position earning $1,200 a week. The job with the 65K salary pays more.

• True
• False

Cherie accepted a job through an employment agency. The job pays $1,100 a week. The agency charges 30% of her first 4 weeks pay. To find the amount she owes the agency, she should multiply her first four weeks’ salary by 0.03.

• True
• False

Catalina works part-time at a bakery earning $7.50 an hour. In the last five days, her time card shows that she worked 3.3, 2.9, 4.0, 3.5, and 2.1 hours. What is her gross pay for the five days?

• $122.50
• $125.50
• $118.50
• $119.50

Pimmi gets paid $0.50 for the first 100 craft kits that she assembles. She earns $0.75 for each kit over 100. This week she assembled 135 kits. How much did she earn?

• $67.50
• $76.25
• $72.50
• $101.25

Mickey got a job through an employment agency that charges a fee equal to 32% of the first 4 weeks' pay.  If the job pays a $65K annual salary, how much does Mickey have to pay the employment agency?

• $160
• $3,200
• $1,600
• $1,150

Danny just answered a help-wanted ad.  The ad states that the job pays $91K annually.  What would Danny's monthly salary be if he gets this job? Round to the nearest cent/hundredth.

• $1,750
• $7,583.33
• $3,791.67
• $6,784.25

Thomas gets paid $8.75 per hour as a produce clerk at a local grocery store.  He typically works 40 hours per week, but this last week he had 9 hours of overtime as well.  He gets paid time and a half for all overtime hours.  How much did he earn, before taxes, for his time at work? 

• $468.13
• $546.88
• $428.75
• $350.00

Professional baseball player Rusty Raspberry earns $1,715,000 a year playing baseball.  Last year, he also sold 300,000 copies of his biography.  He receives 10% in royalties on the book sales and each book sells for $24.  What was his total salary last year?

• $891,500
• $1,787,000
• $243,500
• $2,435,000