Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
100
Julie Meyer is the manager for Ace Trucking Company. During December she worked 165 hours earning $27 an hour. What was her straight-time pay for December?
$4,455
100
PERSONAL EXEMPTIONS
Single – $1,500
Married – $3,000
Each Dependent – $700
Melissa Sartini’s gross pay is $52,000 a year. The state income tax rate is 3 percent of taxable wages. Sartini takes a married exemption. Using Figure 2.1, how much is withheld a year for state income tax?
$1,470
100
P. Barker
July $934.20
August $1,317.27
September $1,112.15
October $1,019.20
What are P.Barker's AVERAGE monthly expenses?
$1,095.71
100
Jamahl Jones earned $20.50 cutting grass, $16.50 babysitting, and $4.95 selling two baseball cards. He puts all but $10.00 in his checking account. What is his total deposit?
$31.95
100
The manager of Tony’s Pizzeria deposited money in the restaurant’s checking account at the end of the day. The deposit included 4 fifty-dollar bills, 9 twenty-dollar bills, 16 ten-dollar bills, 22 five-dollar bills, 16 one-dollar bills, 29 quarters, 14 dimes, 9 nickels, and 17 pennies. What was the total deposit?
$675.27
200
At Green’s Deli employees earn 1½ times their normal hourly rate for any hours worked in addition to their usual 40-hour week. Ester Klein worked 43 hours this week. Klein’s regular hourly rate is $9.00 an hour. What is her total pay this week?
$400.50
200
Emmet Michael’s gross pay is $31,700. He takes a single exemption of $1,500. His state income tax rate is 4 percent. How much will he pay in state tax?
$1,208
200
L. Lee
July $823.40
August $917.17
September $1,012.10
October $987.43
What is L. Lee's AVERAGE Monthly Expenses?
$935.03
200
Total the deposit: 5 $10's, 7 $5's, 10 $1's, 8 quarters, and 12 pennies
$97.12
200
Eric Schneider’s bank statement shows a previous balance of $974.95. He made deposits of $246.00 and $98.48. He wrote checks for $721.00 and $35.35. He has a $3.00 service charge and earned $0.75 in interest. What is his present balance?
$560.83
300
John Thompson embroiders baseball caps. He is paid $2.50 for each cap he embroiders. Thompson’s production sheet is shown below. What is his total pay for the week?
$360.00
300
Samantha Vegas’s gross weekly salary is $600. Her weekly federal withholding is $35.00. The Social Security tax is 6.2 percent of the first $84,900. The Medicare tax is 1.45 percent of gross pay. The state tax is 1.5 percent of gross pay. Each week she pays $12.40 for medical insurance. What are Vegas’s total deductions?
$102.30
300
K. Rue
July $1,134.14
August $1,572.99
September $1,996.61
October $1,475.50
What is K. Rue's AVERAGE monthly expenses?
$1,544.81
300
Write the following in WORD form: $487.27
four hundred and eighty-seven dollars and 27/100--------
300
Steve deposited $4,000 into a savings account that earns 4% interest. If he leaves the money in the bank for 4 years, how much simple interest will he earn?
$640.00
400
Anthony Patella earns $300 a week working part-time at his uncle’s restaurant. How much does he make in a year?
$15,600
400
What are deductions
$$ that comes out of your paycheck
400
T. Geariger
July 1,192.75
August 1,946.62
September 1,439.84
October 1,503.22
$1,520.61
400
Write the following in number form: one thousand three hundred and seventy-five dollars and 04/100----.
1,375.04
400
Tony took out a $15,000 loan that adds 5% interest compounded yearly. If Tony takes 10 years to pay off the loan. What will the total of the loan have been?
$24,433.42
500
What does it mean to withdrawal money
take money out
500
What does it mean to deposit money?
Put money into the bank
500
The Jacobs’ expenses for the past 7 months were: January- $1,084.45; February- $886.40; March-$968.45; April-$1,142.60; May- $995.80; June-$1,379.86; July-$1,042.88. What is their average monthly expenses?
$1,071.49
500
Write the following in number form $156,017.34
one hundred fifty-six thousand and seventeen dollars and 34/100----
500
What is the formula for Simple Interest?
I= P x R x T