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Financial Algebra Ch. 3 Application Test

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Last updated almost 4 years ago
9 questions
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Question 1
1.

Question 2
2.

Question 3
3.

Question 4
4.

Question 5
5.

Question 6
6.

Question 7
7.

Question 8
8.

Question 9
9.

Mrs. Sullivan contributes 8% of the total cost of her individual health care. This is a $85.67 deduction from her biweekly paychecks. How much does her employer contribute to her healthcare per paycheck?
1070.88
963.78
985.20
1156.55
Cindy started her current job with 5 vacation days. At the end of her first year she will receive another 3 days and then every year after that she will receive 2 more days. How many days of vacation will she have after 6 years of working there?
16
17
18
19
Michael has been employed at Shoes R Us for 27 years. He will be retiring at the end of this year. His pension is calculated on the average of his last 3 years salaries. In those years, he earned $47,000, $49,250 and $51,200. His employer will give him 2.4% of that average for each year he worked. Calculate his pension.
49150
11796
1179.60
31849.20
Mr. Clark is paid biweekly. His annual salary is $68,000. What is his biweekly pay?
2615.38
2833.33
5666.67
1307.69
Tina earns an hourly rate of $11.85. If she worked 38 hours this week what would be her weekly earnings.
474.00
497.70
448.40
450.30
Megan earns $10.35 an hour at The Clean Car Shop and regularly works 40 hours a week. She is paid time and 1/2 for each hour of overtime work. If she worked 46 hours last week, what was her gross pay?
538.20
500.15
507.15
476.10
Andrew is a salesperson at a luggage store. He is paid a monthly commission on all luggage sold. He receives 8% of his first $1,200 in sales and 15% of the balance of his sales. Last month he sold $2300 worth of luggage. How much was his monthly paycheck?
240
1746
1125
261
Emily wrote a novel that sells at a local bookstore. She receives a 9% royalty based on the total sales of the book. The book sells for $22.97 and 175 copies were sold. How much did Emily receive in royalty payments?
36.17
361.78
3617.78
36177.80
Ms. Steele works in a factory. She receives a salary of $10.25 per hour and piecework pay of 34 cents per unit produced. Last week she worked 36 hours and produced 543 units. What was her total pay for the week?
553.62
1883.10
18831
2215.20