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LA MINI FEST 7.2

Total questions: 10

Worksheet time: 11mins

Name
Class
Date
1.

"every first day of the month" is an example of what type of pay schedule?

a)

weekly

b)

bi-monthly

c)

monthly

d)

quarterly

2.

What is your MONTHLY take home pay if it is calculated as 44 hours per week; where your hourly rate is $16 BUT for all hours above 40 the pay is 1.25 times as much (rounded to the nearest cent)?

a)

37670.10

b)

$720

c)

2833.45

d)

3128.57

3.

Which of these is NOT a neccessary expense

a)

transportation

b)

coffee

c)

shelter

d)

utilities

4.
  • If you spend $6.65 on lunch at Chick fl A three times a week, how much would you spend in a 16 week semester?

a)

123.88

b)

420.55

c)

319.20

d)

235.50

5.

What is the annual costs of two cans of Pepsi everyday at $1.50 each (round to the nearest cent)? Use 365 days in a year

a)

$1095 per year

b)

1250.50 per year

c)

1095 per month

d)

1250.50 per month

6.

Your income per month is: $5,567.50

Your fixed income expenses include:

house payment: 1245.79

car payment: 540.90

utilities: 125.88

insurance: 140.25

cell phone/internet: 138.40

How much is left per month for variable expenses and luxuries?

a)

3998.50

b)

2956.90

c)

3376.28

d)

4796.44

7.

Some "necessary expenses" are considered________, meaning that they can change from month the month

a)

fixed

b)

luxuries

c)

consistent

d)

variable

8.

If you decided to take a position working an FSU Ambassador next year at a rate of $14 an hour and 15 hours a week. Calculate your monthly net pay if your bi-weekly paycheck of $325.50 (round to the nearest cent)

a)

733.45

b)

899.60

c)

532.55

d)

707.19

9.

Fixed expenses include:

a)

car payment

b)

rent

c)

insurance

d)

all the above

10.

A "Quarterly" pay schedule term looks like....

a)

Apr.2/Aug.2/Dec.2

b)

every monday and thursday

c)

Mar.2/June.2/Sept. 2/Dec.2

d)

every friday