Taxes
What are the 5 types of taxes that we have learned?
Medicare tax, State tax, Income tax, Sales tax, and Social Security Tax
If your daily quota was to make $5,000.00 in sales, and you only make $3,738.00, how much did you miss your quota by?
$1,262.00
What is the formula for overtime pay?
Hourly Pay rate x 1.5 x Overtime Hours Worked
The ribbon.
What qualifies something as a fixed expense?
The bill must be paid regularly with no change in cost.
What is the % of tax added to the price of taxable goods, items, or products that you buy?
Sales Tax
Frederic worked 46 hours last week. His hourly rate is $7.80. What was his gross pay?
$452.40
Mark wanted to work overtime last week. His hourly rate is $9.00. What is his overtime pay rate?
$13.50.
What is the column letter above the grid?
The column heading.
Are mortgage payments fixed or variable expenses?
Fixed
A tax by a state on income earned in or from the state
State tax
If your company has a 15% market share and the total market size is $10M, how much revenue are you gathering?
$1.5 Million
Nina worked 88 hours in the last 14 days. How many hours did she receive overtime pay for?
8 hours.
What is the basic unit of a worksheet that you enter data into?
A cell.
If I order takeout every month, is that a fixed or variable expense?
Variable
A tax imposed on individuals or entities in respect of the income or profits earned by them
Income Tax
If your average sale is $50.00 and your profit margin is 30%, how much do you make per sale?
$15.00
If you are regularly paid $10.50 per hour and you work 9 hours of overtime within one week, what is your total overtime pay?
$141.75.
What is the list of frequently used commands relating to a right-clicked object?
The shortcut/context menu.
Bob owns a Tesla and has to charge his car at minimum 5 times per month. Would this be a fixed or variable expense?
Variable
A tax applied to the earned income of Americans throughout their working years
Social Security Tax
Kerry worked 46 hours last week. His hourly rate is $9.60. He has the following deductions taken from his pay: Federal Income tax at the rate of 10%, Social Security tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, Health Ins. Premiums of $12.20, and Union dues of $9.50. What was his net pay?
$365.68
You worked 50 hours last week. Your regular hourly rate is $8.50. What was your gross pay?
$467.50.
What provides easy access to frequently used commands?
The Quick Access Toolbar.
Jenna has a medical condition, and must buy herself medication when she feels the need to. Is this a fixed or variable expense?
Variable