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30 questions
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
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
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
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
The actual amount of money you "take home" is...
gross pay
never enough
net pay
payroll income
Which is bigger, gross pay or net pay?
gross pay
net pay
they are the same
What is 7.25% as a decimal?
0.00725
0.725
0.0725
7.25
What is 150% as a decimal?
0.15
1.5
15
0.015
What is this formula?
A=Pert
Shampoo Amount
Compound Interest
Simple Interest
Continuously Compounded Interest
In the compound interest formula:
A=P(1+nr)nt
What is n if the interest is compounded quarterly?
1
12
2
4
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
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
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
You owe $15.76 and you pay with $25.76. What is your change?
$8.50
$10.00
$11.00
5.00
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
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
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
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?
A man buys a TV. The total cost is $2,500, and the sales commission is 8%. How much should the salesperson get?
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?
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?
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
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
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
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
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
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
What is the time and a half rate for $14 per hour?
$21
$22
$34
$28
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