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?

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Q.

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

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Q.

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

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Q.

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

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Q.

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

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Q.

Which is bigger, gross pay or net pay?

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Q.

What is 7.25% as a decimal?

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Q.

What is 150% as a decimal?

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Q.

What is this formula?

A=Pe^{rt}

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Q.

In the compound interest formula:

$A=P\left(1+\frac{r}{n}\right)^{nt}$

What is n if the interest is compounded quarterly?

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Q.

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

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Q.

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

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Q. You owe $14.53. You pay with a $20.00 bill. What is your change?

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Q.

What coins would you use to make $0.84?

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Q.

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

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Q.

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

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Q.

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

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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?

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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?

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Q.

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

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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?

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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?

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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

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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?

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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.

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Q.

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

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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?

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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?

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Q.

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

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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?

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