QUIZ
UB - Money Math
8 hours ago by
30 questions
Q.

Mya's net pay is $525/week. Her gross is $700. How much money is deducted from her paycheck each week?

answer choices

$525

$125

$175

$1225

Q.

Sam's deductions add up to $112 a week. If her net pay is $425 a week, what is her gross pay?

answer choices

$112

$313

$425

$537

Q.

Ruth earns $13.25/hour. She works 40 hours/week. $90.72 is deducted each week. What’s her net pay?

answer choices

$439.28

$530

$493.43

$90.72

Q.

Melinda’s gross pay is $570. If the Social Security tax is 6.2%, how much will she pay in Social Security?

answer choices

$91.94

$3.53

$35.34

$23

Q.

The actual amount of money you "take home" is...

answer choices

gross pay

never enough

net pay

payroll income

Q.

Which is bigger, gross pay or net pay?

answer choices

gross pay

net pay

they are the same

Q.

What is 7.25% as a decimal?

answer choices

0.00725

0.725

0.0725

7.25

Q.

What is 150% as a decimal?

answer choices

0.15

1.5

15

0.015

Q.

What is this formula?

A=Pert

answer choices

Shampoo Amount

Compound Interest

Simple Interest

Continuously Compounded Interest

Q.

 In the compound interest formula:
 A=P(1+rn)ntA=P\left(1+\frac{r}{n}\right)^{nt} 
What is n if the interest is compounded quarterly?

answer choices

1

12

2

4

Q.

If you are taking out a loan, is it better to have interest compounded daily or quarterly?

answer choices

daily, you'll pay more interest

quarterly, you'll pay less interest

need to know the interest rate

not sure, I have to consult my financial analyst

Q.

If you invest $300 at 6% compounded monthly, how much money do you have after 4 years?

answer choices

$381.14

$381.15

$1274.01

$381.37

Q. You owe $14.53.  You pay with a $20.00 bill.  What is your change?
answer choices
$5.43
$5.47
$5.42
$4.75
Q.

What coins would you use to make $0.84?

answer choices

2 quarters, 2 dimes, 1 nickel

3 quarters, 1 dime

3 quarters, 1 nickel, 4 pennies

5 dimes, 2 nickels, 4 pennies

Q.

You owe $15.76 and you pay with $25.76. What is your change?

answer choices

$8.50

$10.00

$11.00

5.00

Q.

You have $20.00. If gas is $1.89 a gallon, do you have enough money to put in 10 gallons of gas?

answer choices

yes

no

need to know the size of the gas tank

Q.

If you earn 12% commission on your sales. What would be your earnings on $12,344.56 sales?

answer choices

$1234.00

$1480.00

$1481.35

$120.34

Q.

If you work 8:30 am to 5:30 pm and you have a one hour lunch break from 12:00 pm to 1:00 pm. How many hours did you work?

answer choices

7 hours

8 hours

9 hours

8 hours and 30 minutes

Q.

A couple eats dinner at the Cheesecake Factory. The total cost is $68.50, and the tip should be 20%. How much should they leave for the tip?

answer
$13.70
alternatives
13.70
Q.

A man buys a TV. The total cost is $2,500, and the sales commission is 8%. How much should the salesperson get?

answer
$200
alternatives
$200.00
200
200.00
Q.

Ivan bought two magazines for $4.95 each. If the sales tax was 6.75%, what was the total amount that he paid for the magazines?

answer
10.57
alternatives
$10.57
10.56
$10.56
Q.

Megan bought 50 beads for $9.95. She received a 10% discount and she paid a sales tax of 6%. How much did she pay for the beads?

answer
9.49
alternatives
9.48
$9.48
$9.49
Q.

Mark sells heavy equipment. Which of the following would give him the largest gross pay for a week based on $47,550 in sales?

Option 1: commission of 3% on sales

Option 2: fixed salary of $900/week plus commission of 1% on sales

Option 3: fixed salary of $350/week plus commission of 2% on sales

answer choices

Option 1

Option 2

Option 3

Q.

Your health insurance plan has a $1000 annual premium and a $1500 deductible. They have a $30 copay on health exams. They pay 80% of the cost after the deductible.

What do you pay if you are perfectly healthy that year?

answer choices

Just the premium - $1000

Nothing $0

Just the deductible - $1500

The premium and the deductible.

Q.

Darth Vader is a general for the Empire earning $5,214 per month. He pays premiums of $425.45 each month for his health insurance. At this salary, his income tax rate is 24%. Find Lord Vader's tax savings by having his premiums deducted pre-tax.

answer choices

$17.73

$527.56

$323.34

$102.11

Q.

The simple interest formula is I=Prt. The P represents the principal. The principal is...

answer choices

amount of money borrowed or deposited

percent interest for this year

amount taxed

amount the bank owes you for being a customer at their bank

Q.

The value of a car is $15,000 and depreciates at a rate of 8% per year. Which equation would give the value of the car x years after it was purchased?

answer choices

y = 8(15,000)x

y = 15,000(1.08)x

y = 15,000(0.92)x

y = 15,000(0.08)x

Q.

In 1999, the price of unleaded fuel was $1.09. In 2015, the price of unleaded fuel was $1.89. What is the percent change?

answer choices

173% increase

73% increase

73% decrease

27% increase

Q.

What is the time and a half rate for $14 per hour?

answer choices

$21

$22

$34

$28

Q. Bob sells cars. His income is based on a graduated scale. If he earns 5% commission for the first $50,000 in sales and a 8% commission for sales over $50,000, then how much would he earn if his total sales were $95,000?
answer choices
$6100
$7600
$4750
$5200
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