Net Pay
Pamala earns a monthly salary of $2800. What are her yearly earnings?
$33,600
What is Interest?
The cost associated with borrowing money.
A stove Cost $1250 on an installment plan that requires a down payment of $100 and monthly payments for 20 months. What would the monthly payments be for the plan?
$57.50
Billy Bobby lives in a town that charges a 3% city income tax rate. How much did he owe last year if his taxable income was $89,418?
$2,682.54
Daily Double!! Which of the following is NOT a transaction on a credit card statement?
a. Customer Purchases and Returns
b. Payments Made
c. late fees
d. Statement Closing Date
d. Statement Closing Date
Sydney Earned $4,689, $1,345, $6,892, $7,380, and $10,321 from her home business the last 5 months. What was her average monthly income during this time?
$6,125.40
What is a check that hasn't been cashed yet called?
Outstanding Check
Daily Double!! How many months would somebody have to make a payment of $85 after paying $700 down on a IPAD with an installment price of $1600?
18 months
A bank loaned Johnny $9,000 at a 14.6% exact interest for 80 days. How much interest does he owe on the loan?
$288
What does it mean to be paid a salary?
Paid per year regardless of hours worked.
Jeffery Johnson earns a commission of 5.1% on all sales. His sales last month totaled $68,900. What commission amount did he earn last month
$3513.90
Daily Double!! Yesterday morning, Janet's checking account had a $1,784.69 balance. Later that day she used her debit card to bay $45.87 for gas, $36.45 for lunch, and $29.82 for groceries. She also transferred $750 into her savings account using an ATM. What was her Checking account balance at the end of the day.
$922.55
Jake the snake checked his credit card statement and notice an unauthorized charge of $15.64. He also found a sale for $58.13 that was listed at $62.57. If the new balance on his statement was $198.05, what is his correct new balance?
$177.97
Nick earns $4,500 each month. He pays $900 per month for housing, $200 per month for a car loan, and $450 per month in other debts payments. What is Nick's debt-income-ratio?
34.4%
What is taxable income?
The amount of money the government makes you pay income taxes on.
Daily Double!! Tucker earns $356.87 a week at his job. His employer deducts $36.90 for federal and state withholding taxes, $4.89 for local withholding tax, and 7.65% for social security and Medicare taxes. What is his weekly net pay?
$287.78
Luis Deposited $9,600 in a six-month CD that pays 5.5% Simple annual interest. How much interest does he make after six months?
$264
Tiffany's credit card statement last month showed a membership fee of $15, a late fee of $25, a finance charge of $13.67, and a overdraft fee of $6. What was the total cost of her credit card last month?
$59.67
Mary earns a annual salary of $56,679. She estimates her job benefits are about 25% of her wages and her job expenses are: insurance, $4,521; transportation, $1,356; dues, $567; and a birthday find, $68. What are her annual Net Job benefits?
$64,336.75
What does it mean to be paid on a commission?
Paid for the amount of items you sale or goods you produce.
Given time-and-a-half for over time over 8 hours a day, find Joe’s gross pay for last week. He makes $15 an hour regular pay. Monday 8 ¾ ; Tuesday 10; Wednesday 9; Thursday 8 ½ ; Friday 5
$650.63
Tyson listed these items on his deposit slip: (bills) 3 one-hundreds, 15 fifties, 91 fives, 63 ones; (coins) 8 quarters, 96 nickels; (checks) $537.94, $64.85, $913.16 and $88.49. He received $80 cashback. What total deposit did he make?
$3099.24
Veronica borrowed $450 for 36 days on her credit card using a cash advance. Her credit card has a cash advance fee of $15 and a daily periodic interest rate of 0.053%. What was the total finance charge on the cash advance?
$23.59
Daily Double!! Gus' monthly gross pay is $5,600. The deductions from his monthly pay include $823.85 for federal income tax, $445.35 for FICA taxes, $200 for a retirement plan, and $391 for health insurance. Find the percentage of his gross wages that he takes home to the nearest percent.
67%
Define principle
Amount of money borrowed in a loan.