Financial Algebra Fall Semester Review (Ch.5)

Mitchell found a job listed in the classified ads that pays a yearly salary of $57.3K. What is the weekly salary based on this annual salary?

• 1101.92
• 2979.60

• 1102.88

• 4775.00

Mr. Leonard took a job through an employment agency. The job pays $87,984 per year. He must pay a fee to the employment agency. The fee is 22% of his first four weeks’ pay. How much money must Mr. Leonard pay the agency, to the nearest cent?

• 1488.96
• 19356.48

• 372.24

• 37224

Michelle got a new job through the McCartney Employment Agency. The job pays $49,392 per year, and the agency fee is equal to 35% of one month’s pay. How much must Michelle pay the agency? Round to the nearest cent.

• 17287.20

• 1440.60
• 207446.40

• 332.45

An online job search site charges $400 per job posting for a single post. If you post 5 jobs at once, the cost per post is reduced to $350 per posting. What is the percent savings for posting 5 jobs at once? (Round to nearest tenth of a percent)

• 12.5
• 87.5

• 250

• 8.6

• 150

Mr. Varello is paid biweekly. His annual salary is $64,334. What is his biweekly salary, rounded to the nearest cent?

• 2474.38
• 1237.19

• 53888.67

• 2680.58

Mrs. Frederick is paid semimonthly. Her semimonthly salary is $1,641.50. What is her annual salary?

• 39396
• 19698

• 42679

• 85358

Mrs. Roper works 40 hours per week regularly, at a rate of $12.20 per hour. When she works overtime, her rate is time-and-a-half compared to her regular hourly rate. What is Mrs. Roper’s hourly overtime rate?

• 24.40

• 18.30
• 60

• 6.10

Mr. Ed earns $14.50 per hour. His regular hours are 40 hours per week, and he receives time-and-a-half overtime. Find his total pay for a week in which he works 45 hours.

• 688.75
• 978.75

• 870

• 652.50

• 797.50

Krissy worked her 40 regular hours last week, plus 8 overtime hours at the time-and-a-half rate. Her gross pay was $572. What was her hourly rate?

• 11
• 14.30

• 11.92

• 21.45

• 17.88

Allison sells cosmetics door-to-door. She is paid a monthly commission which is 10% of her first $900 in sales and 15% of the rest of her sales. Last month she sold $8,000 worth of cosmetics. How much commission did she earn last month?

• 1155
• 2000

• 2225

• 890

• 800