Financial Algebra Ch. 3 Application Test

Last updated over 3 years ago
9 questions
5

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?

5

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?

5

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.

5

Mr. Clark is paid biweekly. His annual salary is $68,000. What is his biweekly pay?

5

Tina earns an hourly rate of $11.85. If she worked 38 hours this week what would be her weekly earnings.

5

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?

5

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?

5

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?

5

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?