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Financial Management 2

Total questions: 10

Worksheet time: 7mins

Name
Class
Date
1.

Which is a source of earned income?

a)

Interest on your money market account.

b)

Volunteering at your school.

c)

Money earned while working at the mall.

d)

Collecting gift cards from birthdays.

2.

Tom works a 35 hour work week and makes $13.50 per hour, what is his gross pay?

a)

$474.50

b)

$472.50

c)

$470.00

d)

$400.00

3.

Bob works a long day of 14 hours, he makes $12.50 per hour - what is his gross pay for that day? (remember 8 hours is a day)

a)

$212.50

b)

$112.50

c)

$200.00

d)

$185.50

4.

Sue works a 53 hour work week (40 is a regular week), and makes $17.50 per hour - what is her gross pay with her overtime?

a)

$700.00

b)

$341.25

c)

$1,200.25

d)

$1,041.25

5.

Sara worked an 8 hour shift and makes .12 per doll, she makes 80 dolls per hour, what was her gross pay for that day?

a)

$80.76

b)

$76.80

c)

$75.80

d)

$60.00

6.

Nancy made 600 widgets in 8 hours, what is her production rate?

a)

60

b)

80

c)

75

d)

70

7.

Belle worked a 40 hour work week and makes $17.50 an hour, what was her gross pay for the week?

a)

$700.00

b)

$650.00

c)

$705.oo

d)

$710.00

8.

Elliott works two jobs, the first he worked 7 hours and makes $24.25 and hour, the second he worked 5 hours and makes $18.50, what was his total gross pay for that day?

a)

$169.75

b)

$265.00

c)

$262.25

d)

$200.50

9.

Jeremiah wants to save for a $750.00 stereo over 6 months, what will he need to save each month to make his goal?

a)

$125.00

b)

$105.00

c)

$120.00

d)

$130.00

10.

Pedro is saving for a car and needs $8,000, he will save for 3 years. How much does he need to save each month to make his goal?

a)

$225.00

b)

$230.00

c)

$222.22

d)

$250.00