Financial Algebra

Two friends each have a balance of $5,000 on their credit cards with a 28% APR. It is better to pay off the credit card as fast as possible in order to....

• pay less interest

• pay more interest

• it does not matter

• decrease your credit score

Matthew has a part-time job. He earns $12.92 per hour. The pictured table contains the number of hours he worked last week. How much money did Matthew earn last week?

• $22.50

• $35.42

• $284.24

• $290.70

Rhonda works 40 hours per week and earns $550 per week. What is her hourly wage?

• $13.00

• $13.25

• $13.50

• $13.75

Raymond earns $19.48 per hour. His earnings for one week are $730.50. How many hours did he work?

• 37 hours

• 37.25 hours

• 37.5 hours

• 37.75 hours

Meredith earns $14.55 per hour. Last week, she worked 42.5 hours. For any hours over 40 hours per week she works, she earns overtime pay. That pay is 1.5 times her regular hourly wage. What were Meredith's total weekly earnings, including overtime pay, for last week?

• $582

• $618.37

• $618.38

• $636.56

Chad works as a manager at a local convenience store. He earns $17.20 per hour, and last week he worked 45 hours. Because the five extra hours he worked were on a holiday, he received double time for those overtime hours. What were Chad's total weekly earnings, including overtime pay, for last week?

• $668.00

• $774.00

• $860.00

• $903.00

Your monthly paycheck is $2,300. What would your paycheck be if you are paid weekly?

• $530.76

• $530.77

• $557.10

• $575.00

Brad works for the city of Newark. He earns an annual salary of $74,350. He earns a bonus equal to 5.3% of his annual salary. What is Brad's annual gross pay?

• $74,350.00

• $74,355.30

• $78,290.55

• $113.755.50

Quintin earns an annual salary of $72,350. Calculate the amount of his paycheck if he is paid semimonthly.

• $3,014.58

• $3,014.59

• $2,782.69

• $2,782.70

Quintin earns an annual salary of $72,350. Calculate the amount of his paycheck if he is paid biweekly.

• $3,014.58

• $3,014.59

• $2,782.69

• $2,782.70