Finance 1a Pre-Test

Tony is paid biweekly. His annual salary is $52,500. What is his biweekly salary?

• $1127.25

• $2020.15

• $2019.23

• $1539.23

Tags

CCSS.7.EE.B.3

Derrick’s weekly salary is $678.25. His employer is changing the pay period to semimonthly.

a. What is John’s annual salary?

b. What will John’s semimonthly salary be?

• $33,102, $1482.54

• $35,269, $1469.54

• $35200, 1523.54

• $37,469, $1569.64

Tags

CCSS.6.NS.B.3

Tammy works 25 hours per week Monday-Friday. She earns $8.50 per hour, but she receives double time pay for working on Sundays. Next week she will work her regular 25 weekday hours plus another 6 hours on Sunday. What will be her total pay for the week?

• $350.14

• $341.05

• $304.50

• $314.50

Tags

CCSS.7.EE.B.3

Natalie worked 40 regular hours last week plus 7 overtime hours in which he was paid 1 ½ times his hourly rate. His gross pay was $1,048.

a. What was his hourly rate?

b. What was his hourly overtime rate?

• $20.75, $31.13

• $27.05, $33.11

• $25.07, $31.31

• $20.57, $13.13

Tags

CCSS.7.EE.B.3

Bobby picks berries at Seymour’s Berry Farm. He receives 30 cents for each small basket picked. Last weekend, he was able to pick 230 baskets. How much did he earn?

• $49

• $59

• $69

• $79

Tags

CCSS.3.OA.D.8

Nolan is a plant manager and has worked at his company for 28 years and will be retiring. His retirement is calculated baes on his last four years salaries: $82,000, $96,000, $105,000, and $109,000. His employer will give him 1.3% of that average for each year he worked. Calculate Eddie’s retirement.

• $36,527

• $32,765

• $37,625

• $35,672

Tags

CCSS.HSF.BF.A.2

1) Jason types papers for local college students. He charges $6.50 per page. How much will he receive for a 22 page paper?

• $143

• $140

• $138

• $150

Tags

CCSS.7.EE.B.3

Samantha makes $27.00 per hour and is paid for a 40 hour work week. She pays 15% federal income tax, 6.2% social security, 1.45% medicare, and she lives in a state with no state income tax. She pays 3% of her gross income for health insurance and pays $25.00 per month for life insurance.

a. What is her gross annual salary?

b. What is her gross monthly salary?

c. What is her net monthly salary?

• $1,660, $4860, $5443.85

• $6,160, $4,680, $3454.58

• $7,140, $4550, $3664.85

• $6,780, $4340,$ 5603.35

Tags

CCSS.7.RP.A.3

In1991, Social Security and Medicare were itemized on paychecks for the first time. Social Security was 6.2% and Medicare was 1.45%. If Denise made $74,900, how much was taken out for social security and medicare?

• 5729.85

• 5927.58

• 5297.85

• 5779.50

Tags

CCSS.6.RP.A.3C

Angela earns $115,000 per year in salary. She pays 25% federal income tax, 6% state income tax, 6.2% social security, 1.45% medicare, 5% for health insurance, $50 per month for life insurance, $30 per month for dental, and 8% per month for retirement. Her company gives her 10 paid vacation days and 3 paid sick days. Ann takes her 10 days of vacation and she is out of work for 5 days due to the flu. a. What is her gross monthly salary?

b. What is her after tax monthly income?

c. What is her average net monthly salary?

• $9853.33, $5789.73, $4749.18

• $9002.44, $5113.37, $4321.19

• $9478.34, $5432.39, $4981.82

• $9583.33 , $5879.37, $4479.81

Tags

CCSS.6.RP.A.3C