Financial Math Chapter 1 Test Review

You are paid $19.50 as an hourly wage and worked 38 and 1/2 hours. What is your straight time pay?

• $750.75

• $741.00

• $29.25

• $760.50

Tags

CCSS.7.NS.A.3

What is your overtime rate if you worked 14 hours in a single day and make $21.00 per hour?

• $42.00

• $21.00

• $31.50

• $588

Tags

CCSS.6.RP.A.3B

What would be your total pay if you worked 46 hours last week and your regular hourly rate is $20.00 per hour and get time and a half overtime pay?

• $980.00

• $30.00

• $180.00

• $1,100.00

If make custom hats. If you charge $17.25 per hat and made an order 52 hats in 7 days, what is your total pay?

• $897.00

• $6,279.00

• 364

• $120.75

Tags

CCSS.7.EE.B.3

For the weekly work schedule, determine the number of hours the employee worked on Wednesday.

• 6 Hours

• 6 Hours 30 Minutes

• 7 Hours

• 7 Hours 30 minutes

Tags

CCSS.3.MD.A.1

A real estate agent just two homes last month. One home sold for $389,000.00 and the other home sold for $424,000.00. If the agent make a 4.25% commission, what was their total commission?

• $813,000.00

• $3,455,250.00

• $34,552.50

• 0.000425

Tags

CCSS.6.RP.A.3C

If you make $4,640.00 a week as your salary, what is your annual salary?

• $89.23

• $241,280.00

• $120,000.00

• $178.46

Tags

CCSS.7.EE.B.3

Vocabulary:

What is straight commission?

• When an employee gets paid an hourly wage and commission

• When an employee gets paid commission and nothing else

• When an employee gets paid by how many items they make or complete

• An hourly wage

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Vocabulary:

What is Piecework?

• Getting paid for how many items you complete

• Getting paid an hourly wage

• Getting overtime pay

• Work done in pieces

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Vocabulary:

What is double-time pay?

• Your regular hourly rate

• Your regular hourly rate time 1.5

• You salary divided by 2

• Your regular hourly rate times 2

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4