Gross Income
Sara earns an hourly rate of $15.30 and she receives time and a half for overtime. Last week she worked 38 hours at her regular rate and 8 hours of overtime. How much did she earn last week?
$765
Silas Mohan’s gross income is $34,565 a year. His
state collects a flat tax of 6.5%. He claims $2,900
in deductions. Calculate the state income tax he owes
for the year.
$2058.23
James King spent $151.09 on gas in April,
$178.56 on gas in May, and $209.86 on gas in June.
What is his average monthly expenditure for gas?
$179.84
Arion James is making a deposit. He has
checks totaling $210.24 and $312.45. She also has
7 ten-dollar bills, 6 five-dollar bills, 7 one-dollar bills,
16 quarters, and 9 dimes. Find the total deposit.
$634.59
What is 23% of 546.47?
$123.68
Jane Markham works at a jewelry shop. She earns
$15 for every ring that she makes. Last week, she
made 25 rings. What was her total pay?
$375
What is the percent taken out of your pay for social security?
6.2%
Find the total monthly expenses. Living, $2,356.71;
fixed, $1988.56; and monthly share of annual,
$545.89.
$4891.16
Janae Lee is making a deposit. She has
checks totaling $362.21 and $190.49. She also has
8 ten-dollar bills, 5 five-dollar bills, 4 one-dollar bills,
12 quarters, 8 dimes, and 54 nickels. Find the total
deposit.
$668.20
Perhaps you get paid biweekly and net $1100. If you saved 12% of each paycheck, how much money would save over the course of a year?
$3,432
Sandra Jean earns an annual salary of $38,400.00.
What is her monthly salary?
$3200
What is the percent taken out for medicare?
1.45%
The Omisha’s have monthly living expenses of
$1,993.81, monthly fixed expenses of $2,345.12,
and annual expenses of $7,177.44. What is their monthly
share of annual expenses? What is their total monthly
expenditure?
Monthly Share of annual = $598.12
Total Monthly Expenditure = $4937.05
Susan McCauley had a balance of $626.30 in her
checking account on May 30. On June 5, her
payroll check of $894.06 was electronically deposited in
her account. On June 11, she withdrew $410.00 in cash
and wrote a check for $81.75. What is her new balance
after these three transactions?
$1028.61
Miles Danielson deposited $700 in a new savings
account at Community Credit Union. No other deposits
or withdrawals were made. After 5 years, the interest
was computed at an annual interest rate of 2 1
4 percent.
How much simple interest did his money earn?
$78.75
Omar Trujillo sells construction equipment. His
commission is 15% of his total sales. What is his
commission when he sells $2014.00 work of construction
equipment?
$302.10
Sue Davis’ gross income is $92,000 a year. How
much does she pay for Social Security and Medicare?
Social Security $5704
Medicare $1334
The Riamona’s have monthly living expenses of
$1,663.94, monthly fixed expenses of $1,893.42,
and annual expenses of $4,326.70. What is their monthly
share of annual expenses? What is their total monthly
expenditure?
Monthly Share of annual = $360.56
Total Monthly Expenditure = $3917.92
Mathew Burr had a balance of $1,506.15 in his
checking account on December 9. On December 11,
his car payment of $410.09 was automatically deducted
from his account. On December 15, his payroll check of
$752.34 was electronically deposited in his account. On
December 16, he withdrew $300.00 in cash and wrote a
check for $124.82. What is his new balance after these
four transactions?
$1423.58
Emmy Gonzalez deposited $820 in a new savings
account at Public National Bank. No other deposits or
withdrawals were made. After 8 months, the interest was
computed at an annual interest rate of 3 percent. How
much simple interest did her money earn?
$16.40
Dina Carthy sells motorcycles. She earns 2%
commission on the first $4000 of sales. She earns
3.5% commission on all sales over $4000. Last week her
motorcycle sales totaled $16,127..
$504.45
The annual cost of James King’s family group
health insurance membership is $7,200. His company
pays 65 percent of the cost. How much does he pay
annually for his membership?
$2520
The Huerta family budgeted $2,480.00 for total
expenditures in March. They spent $2,556.71. How
much more or less did they actually spend than they
budgeted?
$76.71 more than budgeted
Calculate the adjusted balance when there is a
statement balance of $1,236.11, outstanding
checks of $190.10 and $84.65, and outstanding deposits
of $231.01 and $427.90.
Adjusted Balance: $1620.27
Gabby Jenson deposited $2,500 in a new savings
account that earns 4.25 percent interest compounded
monthly. She made no other deposits or withdrawals. What
was the amount in the account at the end of 5 years?
Amount after 5 years: $3090.75