Free Printable Final Exam Review Sheet #5

1.

A dining room set regularly sells for $899.99. It's on sale for$ 674.99. What is the markdown amount?

a)

$224.50

b)

$225.00

c)

$226.00

d)

$223.99

2.

Calculate the total purchase price (Sale + Sales Tax). A printer costs $159.99, and the sales tax rate is 5.5%. What is the total?

a)

$167.99

b)

$168.79

c)

$169.99

d)

$168.99

3.

A customer buys $2,450 worth of furniture. If the state tax rate is 4.5% and city tax rate is 2%, what is the total sales tax due?

a)

$158.25

b)

$159.25

c)

$160.25

d)

$157.25

4.

Calculate unit pricing: A 15-pack of paper towels costs $23.85. What is the unit price per roll rounded to the nearest cent?

a)

$1.57

b)

$1.58

c)

$1.59

d)

$1.60

5.

A customer deposits the following: checks for $234.56,$ 567.89, and $123.45, plus$ 40 in single dollar bills. If they want $50 cash back, what is the total deposit?

a)

$915.90

b)

$955.90

c)

$965.90

d)

$905.90

6.

Previous checkbook balance was $789.45. After writing checks for$ 234.56 and $156.78, what is the new balance?

a)

$396.11

b)

$398.11

c)

$397.11

d)

$399.11

7.

Calculate the bank balance: Previous balance $456.78, deposits$ 234.56, checks written $167.89, service charge$ 5.00, interest earned $2.45. What is the new balance?

a)

$518.90

b)

$521.90

c)

$519.90

d)

$520.90

8.

An employee works 35 hours at $17.25 per hour. What is their straight time pay?

a)

$601.75

b)

$603.75

c)

$602.75

d)

$604.75

9.

A realtor sells a house for $385,000 with a 5.5% commission rate. What is the commission for selling the house?

a)

$20,975

b)

$21,075

c)

$21,175

d)

$21,275

10.

Calculate overtime pay: Regular rate is $18.50, overtime hours worked is 12 (at time and a half). What is the overtime pay?

a)

$331.00

b)

$334.00

c)

$332.00

d)

$333.00

11.

Annual salary is $45,600. Calculate monthly state tax withholding at 3.75% rate.

a)

$140.50

b)

$141.50

c)

$142.50

d)

$143.50

12.

Budgeted amount was $567.89, actual spending was$ 498.76. How much under budget?

a)

$67.13

b)

$70.13

c)

$68.13

d)

$69.13

13.

Calculate interest: Principal $4,500, rate 3.25%, time 60/365 days.

a)

$22.04

b)

$23.04

c)

$24.04

d)

$25.04

14.

Monthly expenses: Rent $1,350, utilities$ 245, car payment $325. What's the total monthly payments?

a)

$1,900

b)

$1,920

c)

$1,910

d)

$1,930

15.

Calculate the deposit: 15 one-dollar bills, 8 five-dollar bills, 6 ten-dollar bills, and 4 twenty-dollar bills.

a)

$33

b)

$195

c)

$190

d)

$135

16.

Convert weekly salary to annual: Weekly pay is $785. What's the annual salary?

a)

$40,620

b)

$40,820

c)

$40,720

d)

$40,920

17.

Calculate net pay: Gross $2,345, taxes$ 398, insurance $167, retirement$ 198.

a)

$1,580

b)

$1,582

c)

$1,581

d)

$1,583

18.

A $299 item is marked up 40%. What's the selling price?

a)

$416.60

b)

$418.60

c)

$417.60

d)

$419.60

19.

Average monthly expenses for quarter: January $876, February$ 912, March $894.

a)

$892

b)

$894

c)

$893

d)

$895

20.

Calculate total deposit: Three checks for the amounts of $456.78,$ 234.56, and $789.12 with$ 100 cash back to the customer.

a)

$1,378.46

b)

$1,380.46

c)

$1,379.46

d)

$1,381.46

Final Exam Review Sheet #5

Total questions: 20

Worksheet time: 10mins

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