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Cons Math- Chapter 7 Earning Money

Total questions: 20

Worksheet time: 49mins

Name
Class
Date
1.

The amount of money paid for each hour of work.

a)

wages

b)

hourly rate

c)

overtime

d)

double time

2.

Working time beyond a regular 40 hour week.

a)

commission

b)

Overtime

c)

wages

d)

tip

3.

Payment of 1.5 times the regular hourly rate.

a)

time and a half

b)

double time

c)

commission

d)

hourly rate

4.

Payment of a fixed amount of money at regular intervals.

a)

wages

b)

salary

c)

tips

d)

hourly rate

5.

Payment of two times the regular hourly rate.

a)

biweekly

b)

double time

c)

piecework

d)

semimonthly

6.

Money earned base on a percentage of total sales.

a)

commission

b)

tips

c)

piecework

d)

overtime

7.
An accountant receives a yearly salary of $72,000.  Find his monthly salary.
a)
$6000.00
b)
$864,000.00
c)
$600.00
8.
How many times a year do you receive a paycheck if you are paid biweekly?
a)
52
b)
26
c)
24
d)
12
9.

Julie earns a yearly salary of $60,000. How much does she make monthly?

a)

$300,000

b)

$3,500

c)

$5,000

10.

If you are paid $1,500 bi-weekly how much will you earn in a year?

a)

$50,000

b)

$78,000

c)

$39,000

11.

Compute the sales commission:

Sales amount: $48,000.00

Commission rate: 3%

a)

$1400.00

b)

$1440.00

c)

$1500.00

12.

Compute the sales commission:

Sales amount: $950.00

Commission rate: 10%

a)

$90.00

b)

$95.00

c)

$98.00

13.

Compute the gross pay:

Base pay: $275.90

Sales: $350.00

Commission Rate 5%

a)

$31.30

b)

$625.90

c)

$293.40

14.
Alice worked 52 hours this week. She gets paid $9.35 per hour for the first 40 hours and then gets time-and-a-half for the rest of the time. How much money did she make this week?
a)
$484.64
b)
$374.00
c)
$388.03
d)
$542.30
15.
If Cheyenne worked from 8:30 am and went to lunch at 12:00 pm.  She came back at 1:00 pm and left for the day at 4:30 pm.  How many hours did she work?
a)
5.5 hours
b)
7 hours
c)
6.5 hours
d)
9 hours
16.
Deductions are...
a)
Monthly salary
b)
Person who depends on another for support
c)
Money taken away from the gross pay; health insurance, taxes, social security
17.
May's gross pay is $2, 875.34.  After her deductions what does she earn. Deductions:
insurance-$54.03
taxes-$87.98
social security-$25.00
a)
$2699.36
b)
$2708.33
c)
$2709.40
d)
$2706.35
18.
What is net pay?
a)
You pay before deductions.
b)
They give you a net for fishing.
c)
You pay after deductions.
19.

Janet Henderson is a secretary. She works Monday to Friday every week. If she worked a total of 44.5 hours this week, and her regular pay is $11.46 per hour, What is Janet’s overtime pay?

a)

$51.57

b)

$77.36

c)

$509.97

20.

Michael works in a supermarket. He is paid $10.80 per hour.

What is Michael's overtime pay rate?

a)

$10.80

b)

$16.20

c)

$7.20