Quiz about Consumer Arithmetic

Question 1

How many hours are in a regular work week?

Accepted Answer

40

Answer

30

Answer

50

Answer

60

Question 2

How many paychecks will an employee earn if they are paid weekly?

Accepted Answer

52

Answer

12

Answer

26

Answer

365

Question 3

Why was minimum wage created?

Accepted Answer

To ensure the average worker can meet their most basic needs

Answer

So small businesses could be successful.

Answer

To help the government.

Answer

To help retired couples

Question 4

If you earn $625/wk, what would be your annual pay?

Accepted Answer

$32,500/yr.

Answer

$7,500/yr.

Answer

$16,250/yr.

Answer

$2,500/yr.

Question 5

You are a clerk at a local convenience store. You make $10.20/hour. They will only give you 20 hours a week. Calculate your gross pay.

Accepted Answer

$204

Answer

$408

Answer

$200

Answer

$1,428

Question 6

What is overtime pay?

Accepted Answer

hours that you work after your regular hours

Answer

hours you work because you want them

Answer

money hours

Question 7

An employee earns overtime, or time and a half, if they work 41 hours a week.

Accepted Answer

Yes

Answer

No

Answer

Only if they ask.

Question 8

An overtime rate that pays two times the hourly rate.

Accepted Answer

Double-Time Pay

Answer

Time and a Half Overtime

Answer

Hourly Rate

Question 9

What do I multiply to find the time and a half rate?

Accepted Answer

Regular hourly rate and 1.5

Answer

Overtime rate and 2

Answer

Regular hourly rate and 2

Answer

Regular wages and 1.5

Question 10

What is the time and a half rate for $34?

Accepted Answer

$51

Answer

$52

Answer

$34

Question 11

Sarah works 30 hours a week and earns $20 per hour. Any time over 30 hours is overtime and she earns double time ($20 x 2). This week she worked 40 hours. Calculate her gross pay.

Accepted Answer

$1,000

Answer

$600

Answer

$1,200

Answer

$800

Question 12

Alice worked 52 hours this week. She gets paid $9.35 per hour for the first 40 hours and then gets time-and-a-half for the rest of the time. How much money did she make this week?

Accepted Answer

$542.30

Answer

$484.64

Answer

$374.00

Answer

$388.03

Question 13

DeVonte earns a regular hourly pay of $17.00. Working overtime he gets time and a half. What is DeVonte's total pay if he works 40 hours, plus 6 hours of overtime?

Accepted Answer

$833.00

Answer

$153.00

Answer

$680.00

Answer

$782.00

Question 14

Compute the sales commission:
Amount $4,500.00
Rate 5%

Accepted Answer

$225.00

Answer

$250.00

Answer

$125.00

Answer

$230.00

Question 15

Compute the sales commission:
Amount $48,000.00
Rate 3%

Accepted Answer

$1440.00

Answer

$1400.00

Answer

$1500.00

Answer

$1430.00

Question 16

A sales person earns 11% commission on all sales. How much commission will they earn if they sell $3,025 worth of merchandise?

Accepted Answer

$332.75

Answer

$3,327.50

Answer

$3, 000

Answer

$33.28

Question 17

Randy gets fixed salary of $2000 per month and a commission of 2% on sales. If his total sales are $30,000 for the month, find his total salary for the month.

Accepted Answer

$2,600

Answer

$2,000

Answer

$32,000

Answer

$2,040

Question 18

Robert earns a weekly salary of $350 plus a 7% commission on sales. Last week, his sales totaled $3200. What was his TOTAL pay?

commission + salary = total pay

Accepted Answer

$574

Answer

$24.50

Answer

$224

Answer

$248.50

Question 19

*A little more challenging*

A salesperson made $890.50 selling $6850 worth of electronic equipment. Find the commission rate.

Accepted Answer

13%

Answer

75%

Answer

8.905%

Answer

6.850%

Consumer Arithmetic

20 questions

How many hours are in a regular work week?

How many paychecks will an employee earn if they are paid weekly?

Why was minimum wage created?

If you earn $625/wk, what would be your annual pay?

Carol Jones is a receptionist in a doctor’s office. She worked 35 hours this week. If her regular pay is $9.68 per hour, what is Carol’s gross pay?

You are a clerk at a local convenience store. You make $10.20/hour. They will only give you 20 hours a week. Calculate your gross pay.

What is overtime pay?

An employee earns overtime, or time and a half, if they work 41 hours a week.

An overtime rate that pays two times the hourly rate.

What do I multiply to find the time and a half rate?

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