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Unit 4 Assessment-Employment

Total questions: 17

Worksheet time: 4hrs 15mins

Name
Class
Date
1.

What is the correct formula for finding "Time and Half Overtime"?

a)

1.5 x hourly rate x total hours worked that week

b)

1.5 x hourly rate x overtime hours worked that week

c)

.5 x hourly rate x overtime hours worked that week

d)

2 x hourly rate x overtime hours worked that week

2.

Sara worked 45 hours last week. If her hourly wage is $12, find her total wages for the week.

a)

$570

b)

$540

c)

$810

3.
An accountant receives a yearly salary of $72,000.  Find his monthly salary.
a)
$6000.00
b)
$864,000.00
c)
$600.00
4.

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

How much will he earn if he works a 37 hour week?

a)

$399.60

b)

$400

c)

$10.80

5.

Dakota earned $570 last week. She worked 40 hours. What is her hourly rate?

a)

$12.45

b)

$14.25

c)

$15.42

6.

When you figure someone's yearly salary, you can multiply their weekly salary by ________________.

a)

12 months

b)

52 weeks

c)

4 weeks

d)

1 year

7.
Sally makes $10.50 babysitting.  If she babysits for 3 hours on Friday and 5 hours on Saturday, how much would she make all together?
a)
$21.00
b)
$84.00
c)
$31.50
d)
$52.50
8.
Suzie makes $8.00 per hour vacuuming, $7.50 per hour dusting, and $8.50 per hour washing dishes.  How much would she make for 2 hours of vacuuming and 3 hours washing dishes?
a)
$23.50
b)
$41.50
c)
$24.50
d)
$16.50
9.

Given the function, find the output value when x=2:

a)

-5

b)

2

c)

4

d)

The answer does not exist.

10.

How much does Mrs. MacIntyre make if she works 30 hours?

a)

$300

b)

$325

c)

$360

d)

$385

11.

Tax collected based on the value of items you purchase.

a)

Property Tax

b)

Income Tax

c)

Sales Tax

d)

Taxable Income

12.

Filing status for married individually that want to file ONE tax return

a)

Qulaifying Widow(er)

b)

Married Filing Jointly

c)

Head of Household

d)

Married Filing Separately

13.

Earnings that are taxed

a)

Sales Tax

b)

Property Tax

c)

Income Tax

d)

Taxable Income

14.

Government agency that collects federal taxes

a)

Internal Revenue State

b)

Income Regional Service

c)

Internal Revenue Service

d)

Income Revenue Service

15.

Taxpayers who are not married without dependents

a)

Married Filing Separately

b)

Married Filing Jointly

c)

Single

d)

Head of Household

16.

Jamie's employer offers her dental care as an employee benefit. Jamie must contribute 15% of the cost, and her employer will cover the rest. Jamie gets paid on a biweekly basis, and she notices that $56.25 is taken out of each paycheck for her portion of the contribution to the family dental coverage. How much does Jamie's employer contribute for her coverage?

a)

$16,874

b)

$1,462.50

c)

$8,287.50

d)

$9,750

17.

Victor is planning on retiring from his job at the end of the year after 30 years. Victor's employer offers a pension. A

retiring employee receives 2% of his average salary for the last 4 years of employment multiplied by the number of years worked. Victor will receive this amount until his death. His salaries for the last 4 years are 78,900; 84,430; 86,000; 92,223.

Calculate the pension that Victor will get per year.

a)

$51,232.95

b)

$1,707.77

c)

$85,388.25

d)

$35,782.50