WorksheetsChapter 5 Review
Total questions: 15
Worksheet time: 12mins
You finally got your college degree and looking for your first job. You are offered a position that pays $50,143.25 (per year). What would your biweekly salary be if you get this job?
(a)
You are having a hard time finding a job. You decide to reach out to a recruiter who charges a 20% fee of one month's pay. You inform the recruiter that you would like a job that pays $49,500 per year or more. The recruiter is able to get you a job that pays $52,500 per year. How much does the recruiter get paid?
$4,375
$875
$4,125
$825
Last week, you worked your regular 40 hours plus 5 hours of overtime hours at the double time rate. Your gross pay was $950.70. What is your regular hourly rate?
$19.01
$23.77
$18.83
$21.10
You earn $16.50 per hour at your new job. You regularly work 40 hours per week. You are paid time-and-a-half for each hour of overtime you work. What is your gross pay is you work the following hours:
Monday - 7.5 hours, Tuesday - 8 hours, Wednesday - 8.5 hours, Thursday - 9 hours, and Friday - 10 hours.
$660
$1,068.08
$734.45
$684.45
As a car salesman, you earn a base salary of $415 per week plus 9.75% commission on sales. What is your weekly gross salary if your sales were $3,140.
$306.15
$415
$3,140
$721.15
You received a royalty check for $2,849.00. You receive $11 per unit produced. How many units did you produce?
(a)
You contribute 16% of the total cost of the family health care coverage your company offers. You pay $25.30 per week towards this contribution. What is the total value of your health care coverage for the year?
$8,222.50
$1,315.60
$6,906.90
$657.80
Your employer offers you a pension retirement plan, which will be 2.67% of your average salary for the last 5 years of employment for every year worked. You are planning on retiring at the end of this year after 26 years of employment. Your salaries for the last five years are: $83,000, $84,500, $85,200, $86,000, and $87,800. What is your monthly pension?
(a)
You are paid an hourly rate of $17.90 for the first 40 hours within a given week. Any hours over 40 are paid at the "time and a half" rate. Your required income withholding in the state of Florida are 6.2% of the total. If you worked 53 hours this week, what is your net pay?
$716
$349.05
$1,065
$999.02
Anton works at First National Bank. His employer offers him a pension retirement plan, which will be 1.45% of his average salary for the last 5 years of employment for every year worked. Anton is planning on retiring at the end of this year after 22 years of employment. His salaries for the last 5 years are $92,000; $92,800; $99,000; $100,500; and $105,000. Calculate Anton's yearly pension.
(a)
Josephine is looking a for new part-time job as a plumber. She responds to an ad for a position that pays $44.5K. What would her weekly salary be to the nearest cent if she gets this job?
(a)
Frant for a new job through the Valley recruiting service. The job pays $51K per year, and the agency fee is equal to 35% of 1 month's pay. How much must the employer pay the agency?
(a)
Carole worked her 40 regular hours last week plus 5 overtime hours at the time-and-a-half rate. Her gross pay was $926.25. What is her regular hourly rate?
(a)
Jim received a total piecework paycheck of $291.81. He received 71 cents per unit produced. How many units did he produce?
(a)
Gabe contributes 15% of the total cost of the individual health care coverage his company offers. He pays $28.80 per week toward his contribution. What is the total value of Gabe's health care coverage for the year?
(a)
