chapter 1
whats the definition of salary
How much money you get paid in your check from working
What is Gross income and Net Income?
gross income is the total amount of money you get before any deductions and net income is when what you actually take home after the deductions
What is a deposit
an amount of money that you put into a bank account
How many months does 2 years have
24 months
Whats is a unit
a quantity used as a measurement
How many paychecks are you getting when you are getting paid biweekly?
26
What is the tax rate for social security
6.2%
What's a bank statement
a monthly or quarterly document that summarizes your banking activity
How many quarters does a year have
4
Whats a coupon
to save money of an item
What does a weekly time card show?
the amount of hrs you put in for that week
What is the equation for tip?
27/100
How do u write 89.53 on a check
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?
Take your pay per period and multiply it by the number of pay periods in the year
ricky is ringing up groceries 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.
26.55
Whats 3 things that are on a check
name,date,routing number
Whats the equation for ending balance
Principal + Interest
Todd had a 50% discount on a videogame that cost 70 bucks whats the price
35
what is bimonthly
every two weeks or two months
lily went out to eat at a nice restaurant for dinner. Her total came out to $27.00, she wants to tip the waitress 24%. What is her sub total?
33.48
Whats the total fee equation
Basic Charge + Bill Payments + Statement + ATM Surcharge + Cash Advance Fees
If yon 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