MEL 4E Final Exam Review Part 3

Tyson earns $16.80 per hour and usually works 40 hours per week. Each week he has to pay $64.95 in federal tax, $32.70 in provincial tax, $29.93 in CPP and $12.10 in EI. His other weekly deductions include $16.50 for health and dental plans, $35.54 for union dues and he donates $15 to the United Way. Calculate Tyson's weekly gross earnings.

• $672

• $680

• $700

• $720

Calculate the total amount Tyson pays in taxes each week.

• $97.65

• $98.65

• $99.65

• $100.65

Calculate Tyson’s total weekly deductions.

• $206.72

• $206.82

• $207.72

• $207.82

Determine Tyson's weekly net pay.

• $465.28

• $465.18

• $464.28

• $464.18

Which job pays more per week? Job 1) 13 hours at $10 per hour. Job 2) 15% commission on $930 of sales in a week. Job 3) 50 cents per item if you make 250 items in a week.

• Job 1

• Job 2

• Job 3

• All jobs pay the same

Tyson decides to increase his United Way donation to $20 per week. What will be his new total weekly deductions?

• $211.72

• $212.72

• $213.72

• $214.72

If Tyson works 5 hours of overtime at 1.5 times his regular pay rate, what will be his total earnings for that week?

• $756

• $768

• $780

• $792

Tyson decides to work an additional 10 hours at his regular pay rate. What will be his new weekly gross earnings?

• $840

• $850

• $860

• $870

If Tyson's federal tax rate increases by 5%, what will be his new weekly federal tax amount?

• $68.20

• $68.45

• $68.70

• $68.95

Tyson receives a bonus of $150 in a week. What will be his total earnings for that week including the bonus?

• $822

• $832

• $842

• $852