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WorksheetsMIL-Final Exam Review 1
Total questions: 40
Worksheet time: 1hrs 10mins
Over time pay rate is usually
Two times the normal pay rate
One and a half times the normal pay rate
Three times the normal pay rate
None of these
Kayla had a balance of $106.15 in her checking account. She deposited $75.00. What is her new balance?
41.15
171.15
31.15
181.15
Where do you endorse a check ?
On the front
On the back
On the side
Horizontally on the back
Always use permanent ink when writing a check.
True
False
It's okay to only write the money amount in numbers. You don't have to write it in words too.
True
False
The 'memo' section is for your signature.
True
False
Always include the month, day, and year when writing the date.
True
False
Never sign a blank check.
True
False
It's okay to use a pencil or marker when writing a check.
True
False
Writing the dollar amount in both numbers and words makes your check more secure.
True
False
Which are on a blank check (check all that apply)
Signature line
Date
Your birth date
How much money you have in your account
The memo line
How much change should you receive if you bought all these items and paid for them with a $20 bil?
a) A box of detergent ($9.95) b) a gallon of milk ($3.59) and six oranges ($0.15/each) c) a candy bar ($0.95)
(a)
If you 1) deposited a paycheck for $566.79; 2) bought gas for $32.42; 3) Went to the supermarket and spent $77.58. What would your final balance be?
What's a deposit?
putting money into your account
it's a slip of paper at the bank
it's a bus terminal...you know a bus deposit
a bank charge
It's okay to erase and use whiteout to fix mistakes on a check.
True
False
Kayla had a balance of $106.15 in her checking account. She deposited $75.00. What is her new balance?
(a)
How much was check# 1292 for the insurance bill?
$104.81
$647.07
$155.09?
$96.79
What kind of checking account allows two people to write checks for the same account?
regular checking account
joint account
interest-bearing account
How many hours are considered to be a full work week?
8 hours
20 hours
30 hours
40 hours
Harvey worked 36 hours this week. He earns $28.46 an hour. How much did he earn this week?
$1024.56
$1138.40
$1423.00
The hourly wage is $7.75. Russell worked 9 hours. How much did he earn?
$67.50
$65.25
$63.00
$69.75
Paw Paw works in a supermarket. He is paid $10.80 per hour.
How much will he earn if he works a 37 hour week?
$399.60
$400
$10.80
Overtime is your normal hourly wage times (a) for every hour you work over 40 hours in a day.
The total amount of an employee's earnings is called
commission
gross pay
overtime
hourly rate
tip
Chris is a plumber and makes $30.00 an hour. What is his time and half rate?
$60.00
$25.00
$10.35
$45.00
When people refer to "tax day" , they mean...
January 1, the first day of the year
January 31, the last day to receive your tax forms
Whatever day your tax refund comes in the mail
April 15, the deadline to file taxes
Which form is used to file your tax return with the IRS?
W-2
W-4
1099
1040
How many times do you get paid in a year if you get paid weekly?
12
52
26
You earn $550 weekly. How much do you make per year?
$23,500
$28,600
$29,200
Christy Vazquez worked from 8:30-12:00. How long did she work?
3.5 hours
4.5 hours
2.5
3.25 hours
Diana worked from 8:50 am to 2:30 pm. How long did she work?
6 hrs 50 mins
5 hrs 40 mins
5 hrs 20 mins
6 hrs 40 mins
Pedro clocked in at 7:45 am, worked until 12 pm, took lunch and worked again from 1 pm to 4:30 pm. How many hours did he work?
8 hrs 30 mins
9 hrs 45 mins
8 hrs 45 mins
9 hrs
