Fall 2024 Financial Algebra EOC Exam

Karen Guzman-Chavez works at La Chancla Shoe Warehouse as an administrative assistant. Her employer offers her a pension. La Chancla Shoe Warehouse uses a formula to calculate each employee's pension. Retiring employees receive 2.20% of their average salary over the last three years of employment for every year worked. Karen is planning to retire after 30 years of working for La Chancla Shoe Warehouse. Her salaries for the past three years are $49K, $52.8K, and $54.2K. Calculate Karen’s annual pension.

• $102,960

• $102,690

• $34,230

• $34,320

Ray-Ray’s cousin Ray, needs 110 copies of his resume to apply at various nursing jobs in San Diego County. This week, Panson Print Shop is having a special sale on printing services, $14.49 for the first 75 copies and $7.99 for each additional set 75 copies. If the sales tax rate in National City is 8.75%, determine the cost of Ray’s resumes including tax.

• $24.45

• $22.48

• $22.47

• $24.44

As a hairstylist for SuperCuts, Fidel Trujillo worked his 40 regular hours last week, plus 4 and a half overtime hours at the time and a half rate. His gross pay was $646.09. What was his hourly rate?

• $13.81 per hour

• $13.82 per hour

• $14.00 per hour

• $15.57 per hour

At Carlsbad Flower Fields, Alex Hernandez picks flowers to make ends meet for his wife and their 6 children. For each bundle of roses Alex picks, he is paid $3.50 per bundle, and $4.50 for every bundle over 250. Last week he picked 305 bundles while working 40 hours. How much was Roberto’s gross pay last week?

• $400

• $1,067.50

• $1,122.50

• $1,372.50

When Berta started her job at Qualcomm, she was given 10 days of paid vacation. For each month she stays with the company, she earns 8 hours of vacation. How many days of vacation will Berta have after working with Qualcomm for 3 years and 8 months?

• 46 days

• 43 days

• 45 days

• 44 days

Johnnie Solis works at Comics R Us. His hourly wage is $13.52. He regularly works 25 hours per week. Determine his semi-monthly salary.

• $732.33

• $338

• $676

• $17,576

United Airlines is using A+ Employment Agency to look for potential flight attendants. Oliver Alfaro was hired by A+ at an annual salary of $68.3K. The fee for Oliver to be a United Airlines flight attendant is 25% of his first three weekly paychecks. How much did Oliver have to pay A+ Employment Agency to get hired as a flight attendant? (Round to the nearest cent).

• $985.09

• $1,183.87

• $1,183.86

• $985.10

Hi-Lo Helicopter Tours pays their employees $12.45 per hour plus an 8% commission on all tours booked. Last week, Jennifer Razon booked tours amounting to $5,250 and worked 40 hours. What was her gross pay last week?

• $42,000

• $209,160

• $918

• $498

Louie Matos mows the lawn for Green Thumb Landscaping. His bi-weekly salary is $1,356.07. What is his annual salary?

• $35,545.68

• $35,257.82

• $70,515.64

• $16,272.84

Aylin Machado is a real estate agent for Berkshire-Hathaway Properties which pays her a 4.5% commission on each house sold. In July she sold a house in Bonita for $1,200,500 and another house in National City for $799,099. The next month, she sold another house in Bonita for $1,259,401. How much commission did Aylin earn from selling houses in Bonita?

• $146,655.00

• $11,069,555.00

• $110,695.55

• $110,695.54