Earning Money
I earn $60 per hour. How much Do i get if I work 5 hours?
60 x 5
ANSWER = $300
I earn $120 000 gross income. How much is my taxable income if I claim $10 000 of taxable deductions?
120,000 - 10,000
ANSWER = $110 000
Increase $500 by 10%.
500 x 10% = 50
500 + 50
ANSWER = $550
Simpify: a3 x a2
a5
Round 23.34567 to 1 decimal place.
23.3
I earn $50 per hour. How much do I get paid if I work 6 hours at double time?
50 x 2 x 6
ANSWER = $600
Using the tax Table, find the tax payable on $20 000.
0.19 x (20,000 - 18,200)
ANSWER = $342
I invest $500 at 10% p.a. for 3 years. Calculate the simple interest earned.
I = Prn
I = 500 x 10% x 3
I = $150
3w^4yxx5wy^2
15w5y3
Round 2345 to 1 significant figure.
2000
I am paid $30 per hour. How much will I get if I work 10 hours of overtime, paid at a rate of "time and a half" ?
30 x 1.5 x 10
ANSWER = $450
Using the Tax Table, find the tax payable on $100,000.
20,797 + 0.37 x (100,000 - 90,000)
ANSWER = $24,497
I invest $2000 at 10% p.a. compounded annually. How much is my investment worth after 5 years?
A = 2000 (1 + 10%)5
A = $3221.02
Write with a positive index:
(3f^-3)/(4g^-2)
(3g^2)/(4f^3)
Round 0.0004567 to 2 significant figures.
0.00046
I get paid $400 per week. What is this per month?
400 x 52 / 12
ANSWER = $1733.33
Ted earns $200,000. He claims $50,000 in taxable deductions. Using the tax table, find his tax payable.
200,000 - 50,000 = 150, 000
20,797 + 0.37 x (150,000 - 90,000)
ANSWER = $42 997
How long do I need to invest $6000 for at 10% p.a. if I want to double my money?
I = Prn
6000 = 6000 x 10% x n
6000 = 600 x n
ANSWER = 10 years
Simplify the following:
(5a^4x xx4a^2x^5)/(2a^8x^3)
(10x^3)/(a^2)
Round 1.9987 to 2 significant figures.
2.0
I work 10 normal hours and then 6 hours at "time and a half". If I earn $380, calculate my hourly pay.
10 + 6 x 1.5 = 19 normal hours
380 / 19
ANSWER = $20 per hour
Bill earns $200,000. During the financial year he pays a total of $80,000 in PAYG tax. Does he get a Tax Refund or have a Tax Liability? And by how much?
Tax Payable = $63, 497.
Tax Paid = $80, 000.
He gets a Tax Refund of $16, 503.
I invest $5000 at 12% p.a. for 6 years, compounding monthly. How much is the investment worth at the end?
A = P (1 + r) n
A = 5000 (1 + 12%/12)6x12
ANSWER = $10,235.50
Simplify:
((3a^4)^2xx4a^-2)/(20a^3)
(9a^3)/5
Write 309,476,656 to 3 significant figures AND in scientific notation.
3.09 x 108