Income/Salary
the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings
What is gross income?
You worked from 7 am to 5 pm with a one hour lunch break. What were your hours for the day?
9
Rob changes his car every year and prefers a car that is always under warranty. Which option will suit him best?
Should he buy, lease or rent a car from day to day
Lease
What is .165 as a percent?
16.5%
Matt made 10% commission on a sale of $4500. What was his commission?
$450
refers to the amount an individual or business makes after deducting costs, allowances and taxes
What is net income?
You worked 8:30 am to 2:15 pm. How much time are you getting paid for?
5 hours 45 minutes
Gavin's monthly payment is $500 and his loan is for 36 months. His down payment was $500. What is the total cost of the car for Gavin?
18,500
What is 2% as a decimal?
0.02
What does P, R, T, and N stand for?
Principal, Rate, Time, Frequency (number of times per year)
When do people get paid double time?
Sundays and Holidays
You worked 80 hours this week at $15/hr. What was your gross income?
$1200
Which will help you build a good credit history?
A. having no mortgage
B. paying rent on time
C. paying a special deposit
Paying Rent on Time - B
Jeremih bought a $400 jacket on sale for 20% off. What did he pay?
$320
Calculate the simple interest for:
P: 250
R: 5%
T: 6
$325
How many paychecks do you get if you get paid bi-weekly?
26
You got paid time and a half for 10 hours. What was your overtime pay if your hourly wage is $25/hr?
$375
Gerald bought a home for $300,000. His largest up–front cost is 10 percent, or $30,000. What is this cost called?
Down Payment
Devon's car depreciated in value by 15%. It was originally worth $5600. What is it worth now?
$4760
The interest on my car loan for $5,000 was %3. How much did I pay after 5 years?
$5,750
How many times do you get paid a year if you get paid quarterly?
Joe got paid for 26 hours of overtime last week. How many total hours did he work?
46 hours
Which auto insurance coverage pays for injury or damage that the insured driver causes to other people or their property?
Liability Insurance
Eric bought a $1200 computer on sale for $996. What percent was the sale?
17%
Calculate the compound interest for:
P: $750
R:8%
T:8 years
Frequency: Bi-annually
Round to the nearest hundredth place.
$1026.43