WorksheetsBusiness Math 1st Semester Review
Total questions: 25
Worksheet time: 26mins
If you spent the following for the year on your Credit Card for the year:
Groceries $6,589
Restaurants $2,786
Clothing $1,890
Fuel $1,150
Entertainment $2,812
And you get 1% back on all your purchases, How much Cash Back would you receive for the year?
$1,522.70
$15.22
$152.27
$1,000,000
Straight time is your normal hourly wage if you only work up to _______ hours in a week.
1.5
10
8
40
At Kroger, employees earn an hourly rate of $9.75. They earn double that for any hours they work in addition to their usual 40-hour week. The hours that Paula Strauss worked in one week are shown below. What was Strauss's total pay for the week?
$419.25
$433.88
$448.50
$345.00
Robbie Marton is a camp counselor at Camp Tecumseh. What is the total number of hours worked for the week?
40.5 Hours
41.5 hours
39.75 hours
39 hours
Franklin Nealson earns $5,250 a month as a sales manager. What is he paid semimonthly?
$2,365
$10,500
$2,625
$5,250
What does FICA stand for?
Forbidden Investigation Can Avert
It doesn't stand for anything, Mr. Hupp made it up
Federal Insurance Constitutional Association
Federal Insurance Contributions Act
Alex Lopez gross pay is $61,400. His state income tax rate is 3.3%. How much will he pay in state tax?
$1,995.80
$1,722.10
$2,026.20
$2,296.25
Ray Jackson's gross biweekly pay is $3,120. His earnings to date for the year total $78,400. What amount is deducted from his pay for Social Security, which is taxed at 6.2%? For Medicare, which is taxed at 1.45%?
$72.00, $56.78
$193.44, $45.24
$45.00, $54.60
$198.00, $45.00
Michele Dover is employed at Sigma Systems. She has family medical coverage through the group medical plan that Sigma Systems provides for its employees. The annual cost of Dover's family medical membership is $5,800. The company pays 53% of the cost. How much is deducted from her WEEKLY paycheck for medical insurance?
$52.42
$67.89
$99.00
$41.10
Harriet Knox's gross pay for this week is $515. She is single and claims one allowance. Use the table to find what amount will be withheld from Knox's pay for Federal Income Tax?
$63
$61
$54
$44
Reginald Wallace's gross weekly salary is $515. His weekly federal withholding is $55. The Social Security tax is 6.2% of his gross pay. The Medicare tax is 1.45% of his gross pay. The state tax is 3.3% of his gross pay. Each week he pays $12.40 for medical insurance. How much is deducted from Wallace's weekly wages for state tax and Medicare tax?
$17.67
$12.22
$24.46
$16.19
Jason Cooper's gross weekly pay is $598. His earnings to date for the year total $14,950. What total amount is deducted from his pay this week for Social Security, which is taxed at 6.2%, and Medicare, which is taxed at 1.45%?
$40.09
$39.68
$45.75
$33.79
Ariel Moore keeps records of her expenditures. She wants to know how much she can spend each month, on the average. Her records are shown above. What is her average monthly expenditure?
$2,344.50
$3,001.01
$2,906.17
$3,004.20
The Cohen's monthly budget allowed them to spend $645 for groceries each month. During November they spent $756.82. How much more or less did they spend than budgeted?
$223.64 more
$223.64 less
$111.82 more
$111.82 less
Joseph Pearson tracks is a programmer for Main Tech. He tracks his transportation expenses to and from Main Tech. His expense sheet looks like the above:
Pearson budgets $100 per month for transportation. How much more or less are Pearson's expenses than the $100 budgeted?
$5 more
$5 less
$10 more
None of the Above
Agnes Arnold sells lighting supplies. She travels all over New England. Her total monthly expenses for August, September and October were $2,700, $1,100 and $2,200. What was her average monthly expenditure?
$2,200
$2,000
$3,000
$6,000
How much more or less is the amount spent than the amount budgeted?
Budgeted: $1,654.00
Spent: $878.90
$775.10 less
$775.10 more
$657.81 less
$657.81 more
Rent is a type of ________________ cost.
Fixed
Variable
Annual
Real Estate Taxes are a type of _________ cost.
Fixed
Variable
Annual
Anna Page, a teacher, earns $3,059 semi-monthly. If the school's insurance plan costs a total of $7,620 and the school pays 80% of the cost, how much is deducted from each of Page's paychecks?
$611.80
$203.93
$2,447.20
$63.50
The credit limit is ________________________.
the most you can spend on the card
the least you can spend on the card
always $1000
how much you pay for a late fee
Credit Cards offer Rewards when used. Which of the following are Rewards?
Gas Rewards
Cash Back
Air Miles
Travel Rewards
All of the Above
