Have an account?
Skip to Content
Build your own quiz
.png)
30 questions
Show Answers
See Preview
- 1. Multiple Choice
Mya's net pay is $525/week. Her gross is $700. How much money is deducted from her paycheck each week?
$525
$125
$175
$1225
- 2. Multiple Choice
Sam's deductions add up to $112 a week. If her net pay is $425 a week, what is her gross pay?
$112
$313
$425
$537
- 3. Multiple Choice
Ruth earns $13.25/hour. She works 40 hours/week. $90.72 is deducted each week. What’s her net pay?
$439.28
$530
$493.43
$90.72
- 4. Multiple Choice
Melinda’s gross pay is $570. If the Social Security tax is 6.2%, how much will she pay in Social Security?
$91.94
$3.53
$35.34
$23
- 5. Multiple Choice
The actual amount of money you "take home" is...
gross pay
never enough
net pay
payroll income
- 6. Multiple Choice
Which is bigger, gross pay or net pay?
gross pay
net pay
they are the same
- 7. Multiple Choice
What is 7.25% as a decimal?
0.00725
0.725
0.0725
7.25
- 8. Multiple Choice
What is 150% as a decimal?
0.15
1.5
15
0.015
- 9. Multiple Choice
What is this formula?
A=Pert
Shampoo Amount
Compound Interest
Simple Interest
Continuously Compounded Interest
- 10. Multiple Choice
In the compound interest formula:
What is n if the interest is compounded quarterly?1
12
2
4
- 11. Multiple Choice
If you are taking out a loan, is it better to have interest compounded daily or quarterly?
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
- 12. Multiple Choice
If you invest $300 at 6% compounded monthly, how much money do you have after 4 years?
$381.14
$381.15
$1274.01
$381.37
- 13. Multiple ChoiceYou owe $14.53. You pay with a $20.00 bill. What is your change?$5.43$5.47$5.42$4.75
- 14. Multiple Choice
What coins would you use to make $0.84?
2 quarters, 2 dimes, 1 nickel
3 quarters, 1 dime
3 quarters, 1 nickel, 4 pennies
5 dimes, 2 nickels, 4 pennies
- 15. Multiple Choice
You owe $15.76 and you pay with $25.76. What is your change?
$8.50
$10.00
$11.00
5.00
- 16. Multiple Choice
You have $20.00. If gas is $1.89 a gallon, do you have enough money to put in 10 gallons of gas?
yes
no
need to know the size of the gas tank
- 17. Multiple Choice
If you earn 12% commission on your sales. What would be your earnings on $12,344.56 sales?
$1234.00
$1480.00
$1481.35
$120.34
- 18. Multiple Choice
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?
7 hours
8 hours
9 hours
8 hours and 30 minutes
- 19. Fill in the Blank
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?
- 20. Fill in the Blank
A man buys a TV. The total cost is $2,500, and the sales commission is 8%. How much should the salesperson get?
- 21. Fill in the Blank
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?
- 22. Fill in the Blank
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?
- 23. Multiple Choice
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
Option 1
Option 2
Option 3
- 24. Multiple Choice
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?
Just the premium: $1000
Nothing: $0
Just the deductible: $1500
The premium and the deductible: $2500
- 25. Multiple Choice
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.
$17.73
$527.56
$323.34
$102.11
- 26. Multiple Choice
The simple interest formula is I=Prt. The P represents the principal. The principal is...
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
- 27. Multiple Choice
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?
y = 8(15,000)x
y = 15,000(1.08)x
y = 15,000(0.92)x
y = 15,000(0.08)x
- 28. Multiple Choice
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?
173% increase
73% increase
73% decrease
27% increase
- 29. Multiple Choice
What is the time and a half rate for $14 per hour?
$21
$22
$34
$28
- 30. Multiple ChoiceBob 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?$6100$7600$4750$5200
- Answer choicesTagsAnswer choicesTags