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WorksheetsMPF - SEM 1 - FINAL EXAM
Total questions: 60
Worksheet time: 32mins
Sophia Hill earns $9.75 an hour as a hair stylist. Last week she worked 18 hours. This week she worked 24 hours.
What is her straight-time pay for the two weeks?
$445.50
$309.50
$409.50
$399.50
Phyllis Doran worked at Symmes Medical Center for 7.5
hours on Monday and from 8:00 A.M. until 1:00 P.M. on
Tuesday. What is the total number of hours she worked?
13.5 hours
11.5 hours
10.5 hours
12.5 hours
Robin Cline is a computer analyst. Her annual salary is $52,789. What is her monthly salary?
$3,444.22
$4,399.08
$4,100.00
$4,700.87
Anthony Patella earns $300 a week working part-time at his uncle’s restaurant. How much does he make in a
year?
$15,000
$14,300
$13,500
$15,600
Jeannie McGraw sells replacement windows. She earns 5 percent commission on the first $8,000 and 10 percent
commission on all sales over $8,000. How much will she earn on $32,000 in sales?
$2,000
$3,200
$2,800
$1,600
Cody Summer sells tires for tractor trailers. He earns 4.5 percent commission on the first $6,000, 8 percent on the
next $6,000, and 12 percent on sales over $12,000. Last month he sold $18,000 worth of tires. What was his total
commission?
$1,470
$1,450
$1,540
$1,560
Liana Lytle’s gross pay is $26,300. She takes a married exemption of $4,000. Her state income tax rate is 5.5
percent. How much will she pay in state tax?
$1,226.50
$1,115.00
$1,281.50
$1,825.25
Hong Wu’s gross pay is $61,400. He takes a married exemption of $4,000. His state income tax rate is 3.5 percent.
How much will he pay in state tax?
$1,995
$1,722
$2,009
$2,296
Hint: use table. Patrice Matson works for a company that uses a percentage method to compute the income tax
withheld. Matson is single and claims two allowances. The weekly withholding for each allowance is $61.54. She
earns $480 a week. Find the amount of income tax withheld.
$33.93
$53.98
$53.43
$67.13
Harold Chung keeps records of his expenditures. He wants to know how much he spends each month, on the
average. His records for three months are shown below. What is his average monthly expenditure?
$2,107.17
$2,300.90
$1,999.00
$2,234.50
The Hongs’ monthly budget allowed them to spend $455 for household expenses. During June they spent $235 for
household expenses. How much less did they spend than budgeted?
$400 less
$220 less
$235 less
$455 less
Barney Taylor is a representative for an oil refinery. He travels throughout the Western United States. His total
monthly expenses for August and September were $1,759.11 and $5,444.70. What was his average monthly
expenditure?
$5,444.70
$3,556.11
$1,759.11
$3,601.91
Ann Day’s monthly budget and actual amount spent for household expenses in June is shown below. How much
more or less did Ann spend than she budgeted?
$35.00 more
$22.50 less
$22.00 more
$27.85 less
How much more or less is the amount spent than the amount budgeted?
Budgeted: $13,633.00
Spent: $13,833.90
$200.90 less
$200.90 more
$200.30 more
$200.80 less
Jack Gervase is an airline pilot. He tracks his transportation expenses to and from the airport. His expense sheet
looks like this:
Gas/Oil $85.00
Parking 45.00
Tolls 22.00
Commuting 65.50
Gervase budgets $175 per month for transportation to and from work. How much more or less are his expenses
than the $175 budgeted?
$42.50 less
$42.50 more
$42.00 more
$42.00 less
Benedict Sorrell’s budget and expenditure for personal items during the month of July is shown below. How much
less did Sorrell spend than he budgeted?
$43.85
$45.83
$32.85
$35.82
How much more or less is the amount spent than the amount budgeted?
Budgeted: $11,600
Spent: $9,800
$1,700 more
$1,800 less
$1,550 more
$2,100 less
Tony Michael budgeted $4,550 to buy a used car for his son, Trey. He spent $6,788. How much more or less is the
amount spent than the amount budgeted?
$2,238 less
$2,238 more
$2,338 more
$2,338 less
How much more or less is the amount spent than the amount budgeted?
Budgeted: $267,743.00
Spent: $267,222.99
$520.00 less
$520.01 less
$530.01 less
$530.01 more
The Cook family bought a new speedboat. How much more or less is the amount they spent than the amount they
budgeted?
Budgeted: $11,654.00
Spent: $11,878.99
$224.87 less
$224.99 more
$224.99 less
$224.53 more
Jamahl Jones earned $20.50 cutting grass, $16.50 babysitting, and $4.95 selling two baseball cards. He puts all but
$10.00 in his checking account. What is his total deposit?
$41.95
$31.50
$31.95
$30.00
Lincoln Jefferson sold his motor scooter and received a check for two hundred eighty-one and 01/100 dollars. What is the amount of the check written as a numeral?
$280.01
$281.01
$821.01
$218.01
Colleen McHugh wishes to deposit checks for $13.75, $92.08, and $8.21 into her account. She would like to receive $15.00 in cash. What is her total deposit?
$114.04
$99.04
$115.94
$99.54
Latrina Ramin’s checking account had a balance of $148.52. One day she writes checks for $46.75 to purchase a
blanket, $6.25 for a book, and $95.00 for a bedspread. What is the new balance in Ramin’s account?
$0.52
$52.00
$249.77
$95.52
Terrell DeShay’s statement balance is $432.10. He has one outstanding check for $37.00. What is DeShay’s
adjusted balance?
$395.10
$406.10
$469.10
$359.00
Paulo Suarez’s checking account balance is $212.02. He owes his friend Charlie Moore $37.00. He owes his
mother $35.00 and his father $15.00. If Suarez writes checks to all three people, what is the new balance?
$140.02
$37.00
$125.02
$120.02
Martha Chung’s bank statement is shown below. Her previous balance was $132. What is her present balance?
$162.99
$156.59
$234.65
$159.56
On April 17 Anita Morales had her rugs cleaned by Aero Rug Cleaners. The cost was $135. The previous balance
in her checkbook register is $218. If Morales pays Aero Rug Cleaners with a check, what is the new balance?
$135
$383
$83
$97
Miguel Diaz deposited 16 one-dollar bills, 4 twenty-dollar bills, 13 quarters, 18 dimes, and 7 nickels in his checking account. What was his total deposit?
$115.95
$114.01
$101.40
$101.05
Dedra Svensen’s bank statement shows a previous balance of $998.22. She makes a deposit of $246.20. She writes a check to Sam’s Grocery for $87.21 and a check to The Photo Shop for $76.90. What is her present balance?
$834.11
$734.21
$1,080.31
$876.21
Anna Levinson purchased three rolls of wallpaper at Pamela’s Paints for $22.50 each. What was the amount of her check, expressed in words?
sixty-five and 50/100 dollars
thirty-five and 50/100 dollars
forty-five and 50/100 dollars
sixty-seven and 50/100 dollars
Nina Nochez deposits the money collected at a charity fundraiser into the charity’s savings account. She has checks amounting to $2,753. She also has 50 twenty-dollar bills, 50 ten-dollar bills, 45 five-dollar bills, 187 one-dollar bills, and $42 in coins. What is the total deposit?
$4,707
$3,807
$4,809
$3,908
Latoya Williams’ savings account statement is shown below. What is her new balance?
$866.91
$865.19
$866.19
$1,143.05
Ginger Yiu has a principal of $900 in her savings account. It earns 6 percent interest compounded quarterly. What
is the amount in the account at the end of the third quarter?
$945.22
$941.11
$935.67
$987.33
Use Figure 5.2. Asia Desai deposited $6,000 in a savings account that pays 5.5 percent interest compounded daily.
How much interest did she earn in 21 days?
$18.96
$19.02
$21.44
$22.96
Use Figure 5.3. Florence Rice deposits $6,000 in an ordinary annuity at the end of each quarter in an account earning 6 percent interest compounded quarterly. What is the future value of the account in 2 years?
$50,597.04
$48,778.98
$34,450.10
$45,800.00
Clarissa Gregory purchased a used car for $6,821 and four new tires for $110 each. What is the sales tax on her
purchases if she lives in Connecticut where the sales tax rate is 6 percent?
$325.98
$435.66
$456.98
$345.66
Mike Meier purchased a lawnmower for $328.61, a lawn sprinkler for $13.27, and a hose reel for $27.96. He must
pay the state tax of 5.5 percent, the county tax of 1.5 percent, and the city tax of 2 percent. What is the total
purchase price?
$33.29
$369.84
$403.13
$37.24
Bill Atkins bought a new television set for $327.85. The sales tax rate is 5 percent. What is the total purchase
price?
$344.24
$354.24
$356.77
$234.88
Baker Bookstore advertised a deluxe dictionary for $38.75 and a full-color atlas for $41.10. The state sales tax is 6
percent, the city tax is 2.5 percent, and the county tax is 1 percent. What is the total purchase price?
$89.98
$85.66
$87.44
$84.77
Tina Zappa purchased a three-pack of facial tissues for $2.98. What is the unit price per pack rounded to the
nearest tenth of a cent?
$0.972 per pack
$0.993 per pack
$0.913 per pack
$0.944 per pack
Nathan Alexander wants to purchase ears of corn for a family reunion picnic. A farmers’ market near his home
offers six ears of corn for $1.25, 12 ears of corn for $2.40, or 36 ears of corn for $7.20. Which is the best buy?
12 ears for $2.40
6 ears for $1.25
36 ears for $7.20
Both a and c
Kesara Santiago purchased a riding mower for $2,746.00. She received a $49.95 rebate from the manufacturer and
a $38.95 rebate from the store. What is the final price?
$2,789.60
$2,657.10
$2,345.89
$2,567.10
Connie Mason has a coupon for 25 percent off the purchase of a necklace that has a regular price of $100. What is the price after the coupon is used?
$75.00
$85.00
$90.50
$95.50
The regular selling price of a mountain bike is $369.27. The markdown rate is 27 percent. Use the percent paid to
determine the sale price.
$269.57
$260.98
$278.98
$265.77
Dante Michaels’ charge account statement showed a previous balance of $277.45, a finance charge of $3.22, new
purchases of $299.33, and a payment of $316.00. What is his new balance?
$287
$267
$264
$234
Alexandra Romar has a previous balance at Porter Pharmacy of $68.42. She had payments and credits of $18.25.
The monthly finance charge is 1.85 percent of the unpaid balance and she had $34.00 in new purchases. What is
the new balance?
$85.10
$88.20
$80.95
$81.20
Terrell Davids’ charge account statement shows an unpaid balance of $110. The monthly finance charge is 2.0
percent of the unpaid balance. What is the new account balance?
$111.01
$111.59
$112.20
$111.75
Elena Fargas’s charge account statement shows an unpaid balance of $6,982.25. The monthly finance charge is
1.55 percent of the unpaid balance. What is the new account balance?
$6,988.01
$7,090.47
$7,211.02
$7,211.01
What is the average daily balance (no new purchases included)?
$88.01
$79.51
$76.23
$80.00
Maxine Thomas is a custodian for Hilldale School. Use her time card, shown below, to find the total number of
hours she worked for the week.
31.5 hours
35.5 hours
30.5 hours
33.5 hours
Victor Lopez sells pastries to local restaurants. He earns a 16 percent straight commission on all sales. In November, his sales totaled $22,500. What was his commission?
$3,600
$3,300
$3.500
$3,900
Christopher Matson’s gross weekly pay is $823. His earnings to date for the year total $11,494. What amount is deducted from his pay this week for Social Security, which is taxed at 6.2 percent? For Medicare, which is taxed at 1.45 percent?
$51.03 and $11.93
$53.01 and $13.91
$51.30 and $11.39
$51.03 and $11.39
Peggy Carson’s gross weekly salary is $915. Her weekly federal withholding is $55. The Social Security tax is 6.2 percent of the first $90,000. The Medicare tax is 1.45 percent of gross pay. The state tax is 1.5 percent of gross pay. Each week she pays $12.40 for medical insurance. How much is deducted from Carson’s weekly wages for Social Security, state tax, and Medicare tax combined?
$82.73
$83.27
$83.72
$87.32
Cordell Combs is a sales manager. He travels all over the country supervising store managers. His total monthly expenses for August, September, and October were $569.11, $1,711.20, and $1,076.70, respectively. What was his average monthly expenditure?
$1,119.00
$1,191.00
$1,911.00
$1,111.00
The previous balance shown on Herman Taylor’s savings account statement is $1,976.21. He receives $12.39 in
interest, makes $16.46 in deposits, and has $898.07 in withdrawals. What is his new balance?
$1,104.99
$1,109.99
$1,206.99
$1,106.99
Duke Edwards purchased six quarts of orange juice for $13.10. Find the unit price per quart rounded to the nearest
cent.
$2.38
$2.08
$2.18
$2.28
Dennis Anderson purchased four gallons of milk for $11.67. Find the unit price per gallon rounded to the nearest
cent.
$2.92
$2.29
$2.19
$2.79
Peggy Andrews has a charge account at Davis Jewelers, which uses the unpaid-balance method of computing
finance charges. The periodic rate is 1.75 percent. Andrews’ previous balance is $9,472.08. She had payments and
credits of $250.00. Andrews had $45.00 in new purchases. What is the new account balance?
$9,448.47
$9,418.47
$9,482.47
$9,428.47
Previous Balance: $1,221.35
Payment: $300.00
New Purchases: $21.43
Periodic Rate: 1.75%
What is the new balance?
$1221.35
$942.78
$921.35
$958.90
