Variable Earnings

Variable Earnings

9th - 12th Grade

7 Qs

quiz-placeholder

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Variable Earnings

Variable Earnings

Assessment

Quiz

9th - 12th Grade

Practice Problem

Hard

Created by

Patricia Miller

Used 7+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Casey has a job doing valet parking. Casey makes an hourly rate of $4.55 per hour plus tips. Last week Casey worked 26 hours and made $898.55. How much in tips did Casey earn last week?

$34.56

$118.30

$157.25

$780.25

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Max has a monthly salary of $1,100 and also earns 7.5% commission on his sales. If Max had $43,000 in sales last month, what were his total earnings for the month?

$3,225

$4,050

$4,325

$5,150

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sally earns graduated commission on her sales each month. She earns 6% commission on the first $45,000 in sales and 8% on anything over that. If Sally had $51,000 in sales this month, how much commission did she earn?

a.b.c.d.

$4,080

$3,180

$3,060

$2,820

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choose the method of pay that would result in the most earnings for one month on sales of $60,000.

Straight commission of 6% on all sales.

Monthly salary of $1,500 plus 3% commission on all sales

Graduated commission of 4% on the first $50,000 in sales and 10% on anything over that

Graduated commission of 5% on the first $40,000 in sales and 9% on anything over that.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A graduated commission employee makes 3.5% interest on the first $50,000 in sales and 6.5% interest on all sales over $50,000. Which of the following expressions represents the employee’s total earnings on $81,500 in sales?

(0.035)(50,000) + (0.065)(81,500

(0.035)(50,000) + (0.065)(31,500)

(0.35)(50,000) + (0.65)(31,500)

(3.5)(50,000) + (6.5)(31,500)

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An employee makes an hourly rate plus any tips they earn. This tip employee made a total of $400 by working 28 hours last week. If $253 of their total earnings was their tips, what is their hourly rate of pay?

$5.25

$5.61

$8.82

$9.04

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Employee A: 6% commission on all sales

Employee B: 4% commission on the first $80,000 and 8% on anything over $80,000

How much more does a straight commission employee make than the graduated commission employee for sales of $100,000?

$1,200

$1,600

$2,000

$3,200

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