Chapter 1:
Gross Income
1.
Find the straight time pay: $9.25 per hour × 35 hours.
a.
$315.00
b.
$317.25
c.
$318.75
d.
$323.75
2.
Find the overtime pay at the overtime rate of time and a half: $8.50 per hour × 44 hours.
a.
$374.00
b.
$76.50
c.
$51.00
d.
$34.00
3.
Harold Crispen worked Monday, Tuesday, and Thursday from 9:00 A.M. to 4:30 P.M. with a half hour for lunch each day. What were his total hours worked?
a.
21.0
b.
22.5
c.
28.0
d.
30.0
4.
Eddie Foster packs and seals pens at the rate of $0.235 per pack. At the end of his eight-hour shift, Foster has packed and sealed 480 packs of pens. How much did he earn?
a.
$110.40
b.
$112.80
c.
$384.00
d.
$902.40
5.
Sharise Brodhead folds and glues corrugated cardboard boxes at the rate of $0.47 per box. If she averages 40 boxes an hour, how much is her average hourly pay?
a.
$18.80
b.
$24.00
c.
$28.20
d.
$37.60
6.
Paul Simmons earns $47,500 as an office manager for a CPA firm. If his company issues weekly paychecks, how much is each check?
a.
$913.46
b.
$989.58
c.
$1,826.92
d.
$3,958.33
7.
Julian Hathaway earns $21,000 annually as an administrative assistant. If his company issues biweekly paychecks, how much is each check?
a.
$403.85
b.
$437.50
c.
$807.69
d.
$1,750.00
8.
Walter Slater sells appliances and earns 2.5 percent commisssion in addition to his salary. Last month he sold $63,000 in appliances. How much was his commission check?
a.
$157.50
b.
$393.75
c.
$1,575.00
d.
$5,250.00
9.
Faith Bonds sells furniture and earns nine percent commission on her total sales. Last month she had $33,500 in sales. How much did she earn?
a.
$2,791.67
b.
$2,865.00
c.
$2,976.88
d.
$3,015.00
10.
Donald Jones sells stereo equipment in an electronics store. He receives three percent commission on his first $5,000 of sales, five percent on the next $7,000, and six percent on sales over $12,000. Jones's sales for the past month totaled $17,600. What is his commission for the month?
a.
$336.00
b.
$528.00
c.
$836.00
d.
$1,056.00
Ch. 1-5
Ch. 6-10
Ch. 11-15
Ch. 16-20
Ch. 21-23
Ch. 1
Ch. 2
Ch. 3
Ch. 4
Ch. 5
Ch. 6
Ch. 7
Ch. 8
Ch. 9
Ch. 10
Ch. 11
Ch. 12
Ch. 13
Ch. 14
Ch. 15
Ch. 16
Ch. 17
Ch. 18
Ch. 19
Ch. 20
Ch. 21
Ch. 22
Ch. 23
