5-1
5-2
5-3
5-5
100
If you are paid on a weekly basis, how many paychecks do you bring home in 1 year?
What if you worked for 5 years. How many paychecks would you receive total?
1 year = 52 paychecks
5(52)= 260 paychecks
100
Manuel is paid semimonthly. His salary is $1,589. What is his annual salary?
1,589 X 24= 38,136
100
Joan sells new cars at a local dealership. She receives a 28% commission on the profit each car is sold for. Last month she sold nine cars, for a total of $39,775 dealer profit. How much did she earn in commission?
39,775(28%)= 11,137
100
What is FICA taxes?
Social Security & Medicare taxes
200
Danny just submitted his resume in response to a job posting. The posting stated that the job pays $92K annually. What would Danny's semi-monthly salary be if he gets this job? Round to the nearest dollar.
92,000/24 = 3,833
200
Jarvin accepted a job through an employment agency. The job pays $1,900 a week. Because the employment agency helped him find the job, they charge a fee of 18% of his first 3 weeks pay. What is the amount he owes the agency?
(1,900 X 3) X 18%=(5,700) X 18%= $1,026
200
Sahara gets paid $0.48 each for the first 100 craft kits that she assembles. She earns $0.95 for each kit over 100. This week she assembled 193 kits. How much did she earn?
0.48(100)+0.95(193-100)=
48 + 0.95(93)=48+88.35=136.35
200
The maximum taxable income for the year 2025 is $176,100. Victoria is trying to calculate what she contributes in Social Security taxes for this year. If she earned $214,000 for 2025, how much did she contribute to Social Security taxes? Round your answer to the nearest cent.
176,100 X 6.2%=10,918.20
300
Ken is a mechanic who owns Ace Auto Repair. He needs a foreign car expert & is placing a 13-line ad on JobzAreUs.com. The cost of an ad x lines long is given by the following piecewise function.
56+6(12-4)=
56 + 6(8)= 56+48= 104
300
Melanie got a new employer-paid job through the Jones Recruitment Agency. The job pays $83,400 per year, and the agency fee is equal to 14% of one month's pay. How much must Melanie's employer pay the agency?
(83,400/12) X 14%= (6,950) X 14%= 973
300
Gabriella gets paid for every apron she embroiders. Last week, she earned $1,788. If she earns $4 for each embroidered piece, how many aprons did she embroider last week?
4(x)=1,788
x=1,788/4=447
300
James began working as a nurse anesthetist with an income of $208,900. The Medicare tax is 1.45% of all income and the Social Security tax rate is 6.2% of the maximum income of $168,600. How much will James pay in FICA taxes this year?
(168,600 X 6.2%) + (208,900 X 1.45%)=
10,453.20+3,029.05=13,482.25
400
Last year Vernie’s annual salary was $89,740. This year she received a promotion and now earns $101,892 annually. She is paid biweekly. On a biweekly basis, how much more does Vernie earn as a result of her promotion? Round to the nearest cent.
(101,892/26) - (89,740/26)=
3,918.92 - 3,451.54 = 467.38
400
Pedro works 40 regular hours per week at the Meadow Deli. He earns $16.00 per hour and receives time-and-a-half pay for each hour of overtime he works. Last week he worked 48 hours. How much was Pedro's gross pay?
40(16) + (48-40)(16 X 1.5)
640 + 8(24)=640+192=832
400
Jaylan is a salesman for a local Ford dealership. He is paid a percent of the profit the dealership makes on each car. If the profit is under $800, the commission is 20%. If the profit is at least $800 but less than $1,000, the commission rate is 23.5% of the profit. If the profit is $1,000 or more, the rate is 29% of the profit. Find the difference between the commission paid if Jaylan sells a car for a $2,000 profit and the commission paid if he sells a car for a $999 profit.
0.29(2,000)-0.235(999)=
580 - 234.77 = 345.23
400
In 2024, Lauren paid $6,119.40 in Social Security tax. What was Ramona’s taxable income in 2024? Round your answer to the nearest dollar.
x(6.2%)=6,119.40
x= 6,119.40/0.062= 98,700