Chapter One
What is the definition of salary?
A fixed amount of money that you earn regularly. Your annual salary is the total salary you earn during the year.
What is Gross income and Net Income?
Gross income is how much you make before taxes. Net income is how much you make after taxes.
What is a deposit?
An amount of money that you put into a bank account.
How many months does 2 years have
24
Whats is a unit?
A quantity used as a measurement
How many paychecks do you get a year when you get paid biweekly?
26 paychecks a year
What is the tax rate for social security?
6.2% or 0.062
Whats a bank statement?
A bank statement is a monthly or quarterly document that summarizes your banking activity.
How many quarters does a year have
4 quarters
Whats a coupon?
Save money on a particular item.
What does a weekly time card show?
A time card shows the time you reported for work and the time you departed each day of the week.
What is the equation for tip?
percent of tip * subtotal
How do u write 89.53 as words
eighty-nine and fifty-three
What is Compound Interest?
interest earned on the original principal and the interest on previous interest periods
Whats the sale price equation
Regular Price - Markdown
How do you find your annual salary?
salary per paid period * number of pay periods per year
rick is ringing up grpcoies and his total comes out to be $73.45. He pays with $100 bill. What is the exact change he will get back in currency.
100 - 73.45 = 26.55
Whats 3 things that are on a check
your name, date, routing number, etc
Whats the equation for ending balance.
Principal + Interest
Billy had a 50% discount on a videogame that cost 70 bucks whats the price.
35
Find the commision. sales : 3000 Commision Rate : 7%
210
Becca went out to eat at a nice restaurant for dinner. Her total came out to $23.00, she wants to tip the waitress 25%. What is her sub total?
5.75
Whats the total fee equation
Basic Charge + Bill Payments + Statement + ATM Surcharge + Cash Advance Fees
If Ron deposit 100 in his savings account that earns 5% per quarter a year how much did he make after the first quarter
$5
Bob brought a phone for 800 the regular price was 1200 what was the markdown
$400