1st Semester Test

What are deductions on a paycheck?

• Amounts of money added to a worker's gross pay

• Amounts of money subtracted from a worker's gross pay

• The total amount of money a worker earns

• The amount of money a worker receives after taxes only

How many hours are considered to be a full work week?

• 8 hours

• 20 hours

• 30 hours

• 40 hours

What is a salary?

• The amount of money a worker earns per hour worked.

• The amount of money remaining after taxes have been deducted.

• A fixed amount of money paid to an employee to do a job regardless of hours worked.

• The amount of money earned before any deductions are subtracted.

What is 82% As a decimal?

• 8200
• 820
• 0.082
• 0.82

If I decide to purchase a television I will pay what type of tax?

• gift

• sales

• income

• property

What is the formula to calculate net pay?

• Net Pay = Gross Pay + Deductions

• Net Pay = Gross Pay x Deductions

• Net Pay = Gross Pay / Deductions

• Net Pay = Gross Pay - Deductions

Find price of a CD for $17 with a discount of 50%

• $25.50

• $8.51

• $8.00

• $8.50

You are purchasing a T.V for $990 T.V with 7% sales tax. What is the final price of the T.V.?

• $ 990.00
• $ 1,059.00
• $ 1,059.30
• $ 69.30

Angela spent $30.00 at a restaurant.  If she leaves a 15% tip, how much will her TOTAL BILL be? 

• 30.00
• 45.25
• $ 34.50
• 35.65

How often should you update your budget?

• Weekly

• Monthly

• Annually

• Biannually