Financial Algebra Ch. 6 Test Part 1

Mr. Claypool took a job through an employment agency. The job pays $65K per year. He must pay a fee to the employment agency. The fee is 18% of his first four weeks’ pay. How much money must Mr. Claypool pay the agency?

Mr. Bingham is paid semimonthly. His annual salary is $30,192. What is his semimonthly salary, rounded to the nearest cent?

Arin owns Clevenger Construction. He needs a welder and is placing a seven-line classified ad. The cost of an ad that is x lines long is given by the following piece-wise function. Find the cost of a seven-line ad.
 $c\left(x\right)\ =\ 48\ when\ x\ \le5\ and\ 48\ +\ 5\left(x\ -\ 5\right)\ when\ x\ >5$  

Julia works at a local Quaker Steak restaurant. Her regular hourly wage is $10.25. She regularly works 40 hours per week. What is her regular weekly pay?

Julia works at a local Quaker Steak restaurant. Her regular hourly wage is $10.25. Julia receives time-and-a-half pay for all hours worked over 40 in one week. What is her overtime rate?

Julia works at a local Quaker Steak restaurant. Her regular hourly wage is $10.25. She is paid time and a half for any overtime hours. If she works 52 hours in one week, what is her total gross pay for the week?

Julia works at a local Quaker Steak restaurant. Her regular hourly wage is $10.25. She is paid time and a half for any overtime hours. If she works 52 hours every week of the year, what is her annual salary?

Krissy worked her 40 regular hours last week, plus 8 overtime hours at the time-and-a-half rate. Her gross pay was $862. What was her hourly rate?

Rick wrote a mystery novel and is selling it at all the books stores. He receives a 5% royalty based on the total sales of the book. The book sells for $35.95 (hard back), and 12,341 copies were sold last year. How much did Rick receive in royalty payments for last year, to the nearest cent?

Larry works at Carty’s Computer Outlet. He receives a weekly salary of $280 plus 5.5% commission based on his sales. Last year, he sold $1,105,000 worth of computer equipment. How much money did Larry earn last year, to the nearest cent?