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Financial Algebra Chapter 1 Quiz 2

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

Lisa Velasquez took a job through an employment agency. The job pays $90k per year. She must pay a fee to the employment agency. The fee is 22% of her first four weeks pay. How much money must Lisa pay the agency, to the nearest cent?

a)

$1730.77

b)

$6923.08

c)

$16,564.57

d)

$1,523.08

2.

Edgar Gopar's job pays him $1750 per week. Express his annual Salary using the 'K' notation.

a)

$1.75k

b)

$91,000

c)

$91k

d)

$21k

3.

Kaile Ban works at applebees as a hostess. Her regular hourly wage is $10.50. She regularly works 25 hours per week. If she regularly works 50 weeks a year at this rate, what is her annual salary?

a)

$262.50

b)

$13,125

c)

$3,150

d)

$13,650

4.

Malik Kelly worked his 40 regular hours last week, plus 10 hours overtime at 1.5 rate. His gross pay for the week was $632.50. What is his hourly rate?

a)

$12.65

b)

$11.50

c)

$11

d)

$12

5.

Mariah Carassco's hourly rate is $12 working at Pac Sun in the mall. If she works more than 40 hours a week, she gets overtime pay of time and a half or each hour worked. Last week, Mariah's worked 48 hours. What was her total pay for the week?

a)

$480

b)

$576

c)

$696

d)

$624

6.

Francisco Garcia earns $54,000 per year in annual salary. How much will he receive per month?

a)

$4,500

b)

$1038

c)

$54,000

d)

$1523.58

7.

Tita Granados was hired for $43,961.00 per year. How much does Tita receive per week?

a)

$1,831.71

b)

$3,663.42

c)

$845.40

d)

$1,690.80

8.

Isaak Freitas' hourly salary is $14. If Isaak works more than 40 hours a week, then he gets time-and-a-half overtime rate over 40 hours. Last week, he worked 47 hours. What was the total pay last week?

a)

$707

b)

$658

c)

$987

d)

$550.50

9.

Anyurid Contreras is paid semi-monthly. Her annual salary is $55,000. What is his semimonthly salary, rounded to the nearest cent?

a)

$4,583.33

b)

$2,291.66

c)

$1,057.69

d)

$2,115.38

10.

Drake LLC is changing the way it does payroll. Employees are currently paid monthly, but changing it to bi-weekly. Drake as CEO is currently paid monthly at $10,000 per month. Change his pay from monthly to a bi-weekly basis.

a)

$5,000

b)

$5,5348.32

c)

$2,307.69

d)

$4,615.38

11.

Career Builder is an online job listing site for people looking for a job. The company charges $15 per week, for the first 5 weeks to post your resume. After the first 5 weeks, the cost is $9 per week. If w represents the number of weeks, represent the cost c(w) as a piecewise function.

a)

c(w) = {15w if w < 5

15 + 9(w - 5) if w > 5

b)

c(w) = {15w if w< 5

75 + 9(w - 5) if w > 5

c)

c(w) = {9w if w< 5

9 + 15(w - 5) if w > 5

d)

c(w) = {15 if w< 5

75 + 9(w - 5) if w > 5

12.

TJ Powell's hourly salary is $10. If he gets to work in the morning at 8, has lunch from 12PM - 1PM, then works until 4, how much did TJ make that day

a)

$7

b)

$70

c)

$10

d)

$60