Business Math pre-test

To calculate an employee's time-and-a-half pay rate

• Multiply the regular pay rate by 2.

• Divide the regular pay rate by 1.5.

• Divide the regular pay rate by 2.

• Multiply the regular pay rate by 1.5

• Tell them to stop working so much overtime!

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.2

Which of the following is NOT a step in finding the gross wages for an employee who has worked both regular time and overtime hours?

• Find the employee’s average annual income over the past 3 years

• Find the overtime pay rate or rates.

• Add the regular-time pay and the overtime pay.

• Find the number of regular-time and overtime hours worked. Find the number of regular-time and overtime hours worked.

Tags

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Which of the following describes how to calculate net pay?

• Subtract the total deductions from the net pay.

• Add the total deductions to the gross pay.

• Subtract the total deductions from the gross pay.

• Subtract the total deductions from the take-home pay.

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

In a graduated tax system,

• The tax rate stays the same regardless of taxable income.

• The tax rate gets lower as taxable income gets larger.

• The tax rate gets higher as taxable income gets smaller.

• The tax rate gets higher as taxable income gets larger.

Tags

CCSS.HSA.CED.A.2

CCSS.HSA.SSE.A.1

Which of the following best describes how compound interest works?

• Interest is calculated only on previously earned interest

• Interest is calculated on the original principal plus accumulated interest

• Interest is calculated only on the original principal

• Interest is calculated only at the beginning of the term

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

If the principal and the amount of interest for one year are known, the rate of interest can be found by

• Multiplying the principal by the interest for one year.

• Multiplying the interest for one year by the principal

• Dividing the interest for one year by the principal.

• Dividing the principal by the interest for one year.

Tags

CCSS.7.RP.A.1

CCSS.7.RP.A.2

CCSS.7.RP.A.3

The purchase price of a new van was $22,980. The sales tax rate in the state was 5.5%, and registration fees came to $133. There was also a $1,500 manufacturer’s rebate on the van. What was the amount the customer paid?

• $20,676.90

• $22,801.72

• $24,376.90

• $22,376.90

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.2

CCSS.7.NS.A.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Michael Valerski had these cash receipts for the week of September 12: paycheck, $562.14; mail in rebate, $75; birthday gift, $100; refund from returned merchandise, $42.67. Complete a cash receipts record to find Michael’s total receipts for the week.

• $779.81

• $679.81

• $704.81

• $737.14

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

A deposit slip lists these items: (bills) 8 fifties, 22 twenties, 9 tens, 30 fives; (coins) 24 dimes, 18 nickels, 90 pennies; (checks) $45.67, $99.12. The depositor received no cash back. What total deposit was made?

• $1,228.99

• $1,282.99

• $1,328.99

• $14,82.99

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.2

CCSS.7.NS.A.3

Todd Smith paid $891.75 in interest on a 9-month note for $8,200. What rate of interest did Todd pay on the note?

• 13.8

• 14.5

• 15.4

• 14.0

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3