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Business Math: Personnel

Total questions: 15

Worksheet time: 20mins

Name
Class
Date
1.

A raise in an employee's salary to help keep up with inflation is...

a)

Cost-of-Living Adjustment (COLA)

b)

Merit Increase

c)

Salary Scale

d)

Employee Benefits

2.

A financial services firm searched and found a new corporate fiscal officer. Expenses were: advertising $15,300; interviewing $4,340; moving expenses $22,000; and a 5% realtor's fee on the selling price of a $375,000 home. They hired David Wallace at a salary of $475,000 and paid 25% of first year salary as a finder's fee. What was the total recrutiment cost?

a)

$891,670

b)

$41,640

c)

$179,140

d)

$347,890

3.

If Tabby's current salary is $44,000 and she receives a merit increase of 7.4% and a cost-of-living adjustment of 4.8%, what will her new salary be?

a)

$2,112

b)

$49,368

c)

$44,000

d)

$47,256

4.

Pays benefits to individuals who must miss work due to injury or illness...

a)

Travel Expenses

b)

Recruiting

c)

Workers' Compensation Insurance

d)

Disability Insurance

5.

A techinician makes a salary of $32,000 a year. What would her weekly and daily salary be?

a)

Weekly: $615.38

Daily: $123.08

b)

Weekly: $615.38

Daily: $87.91

c)

Weekly: $640.00

Daily: $91.43

d)

Weekly: $640.00

Daily: $128.00

6.

A techinician makes a salary of $32,000 a year. If her weekly salary is $615.38 and her daily salary is $123.08, calculate how much her 2-week vacation and 8 sick days are worth.

a)

Vaction: $246.16

Sick Days: $984.64

b)

Vaction: $1,230.76

Sick Days: $984.64

c)

Vaction: $1,230.76

Sick Days: $4,923.04

d)

Vaction: $4,923.04

Sick Days: $246.16

7.

A techinician makes a salary of $32,000 a year. How much would a 3.6% Workers' Compensation Benefit be worth?

a)

$115.20

b)

$115,200

c)

$11,520

d)

$1,152

8.

A techinician makes a salary of $32,000 a year. If her benefits total up to $11,963.77, what is her rate of benefits expressed as a percent?

a)

2.67%

b)

267%

c)

0.374%

d)

37.4%

9.

Services offered by businesses to employees beyond salary/wages...

a)

Merit Increase

b)

Employee Benefits

c)

Salary Scale

d)

Cost-of-Living Adjustment (COLA)

10.

Elyssa Thomas worked at the Municipal Water Plant for 21 years. She became permanently disabled and can no longer work at age 47. She had planned to retire at 65. Her final average salary was $48,228 and her rate of benefits is 2.1%. What is Elyssa's monthly disability benefit?

a)

$39,498.73

b)

$3,291.56

c)

$1,012.79

d)

$84.40

11.

The base rate for workers' compensation insurance for construction workers in one state is $21.40 per $100 paid to employees. The total monthly payroll for Candor Construction Co. is $153,850. What is the monthly premium for workers' compensation insurance?

a)

$3,292,390.00

b)

$7,189.25

c)

$32,923.90

d)

$718,925.23

12.

Enough to meet the needs of a situation or proposed end...

a)

Recruiting

b)

Estimate

c)

Sufficient

d)

Ratio

13.

Marie Vincent attended 2 day conference. She was reimbursed $0.62 per mile for 58 miles. She stayed two nights at a hotel for $89.50 a night. Her meals totaled $121.01 and conference registration cost $280.00.

What is Marie's total travel expenses?

a)

$615.97

b)

$549.13

c)

$526.47

d)

$638.01

14.

Dunder Mifflin sent two of its employees to a 3-day training. Their combined wages were $1,650. The consultant running the training was paid $290 a day. The cost of supplies was $39.54 per employee and refhreshments cost $47.20 per day. How much was the total training cost?

a)

$6,080.22

b)

$6,040.68

c)

$12,160.44

d)

$4,053.48

15.

The time an employee spends away from a job that a business will pay salary for...

a)

Release Time

b)

Time-and-a-Half

c)

Employee Benefits

d)

Salary Scale