WAGES
Mike earned $321.10 last week for 32.5 hours of work. What is his hourly wage?
What's given in the problem
A shirt, originally $50, is on sale for 20% off?
The shirt is on sale for 50 x .8 = $40
What is a budget?
Financial plan that estimates how much money you'll make and spend over a specific period of time. It includes your income, expenses, and other financial goals, such as debt repayment and savings.
Do you have to pay state taxes on your overtime pay?
Yes, you have to pay state taxes on your overtime pay in Massachusetts. Overtime pay is compensation for working any hours or time over regular pay.
Massachusetts, employers withhold state income tax from employee wages and send it to the Department of Revenue.
Overtime pay can move an employee into a higher tax bracket, which means the state taxes a larger percentage of their gross income
If there are four apples and you take away three, how many do you have?
Answer: You took three apples, so you have three!
John earns $22.50 an hour. How much will John earn for an overtime hour if she earns time and a half for overtime work?
Given information
John earns $22.50 per hour.
John earns time and a half for overtime work.
Solve: 22.50 x 1.5= 33.75
Multiply John's regular hourly rate ($22.50) by
A shirt is originally priced at $54. It is on sale for 60% off, and Jeff has a coupon for an additional 15% off the reduced price. What is the final price Jeff pays for the shirt?
After 60% off, the shirt is marked down to $21.60 (found by: $54 - $54*0.6 = $21.60). Jeff uses a 15% off coupon, knocking the price down to $18.36 ( found by: $21.60 - $21.60*0.15 = $18.36).
What are weekly and annual wages?
Weekly wages are the amount of money an employee earns per week.
Annual wages are the amount of money an employee earns per year.
Beverly's gross pay is $704.00, after deduction 20%. What is her net pay?
Gross pay is 704 x .2= $140.80
I add five to nine and get two. The answer is correct, but how?
Answer: When it is 9 a.m., add five hours to it, and you will get to 2 p.m.
If Billy earns $291.36 after deductions of $68.34 and after working 33 hours what is the hourly rate?
Given Info:i
$359.70/33= $10.60
A blue dress is marked down 15%. What is the sale price of the dress if the regular price is $150?
he first way is to find the amount of the discount and subtract from the original price: 0.75 * 150 = 22.50, then 150 – 22.50 = 127.50
The second method finds the sales price directly: 100% = % Discount + % Sales Price or 1 – % Discount = % Sales Price
1 – 0.15 = 0.85, so the sales price is 0.85 * 150 = 127.50
What are taxes?
Double:
What is the flat rate of Massachusetts taxes?
A mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
Double: Massachusetts has a flat income tax rate of 5%, but charges a 4% surtax on income over $1 million.
Martha’s annual gross salary last year was $72,000. What is her annual tax deductions if it is 20% of her annual income? What is her annual net pay?
$72 000. x 20% = (make the percent into a decimal by moving the decimal two places to the left (20% =.20)
72,000 x .20 = $14,400
Annual net pay: $72,000-$14,400=$57,600
How can you add eight fours together so the total adds up to 500?
Answer: 444 + 44 + 4 + 4 + 4 = 500
Jennifer works as a camp counselor for 8 weeks during the summer at a rate of $18/h. She works a 40-hour week but averages 3 hours of overtime each week, paid at time and a half. How much will she earn each week, and for the whole summer?
Double
Given Information:
Jennifer works as a camp counselor for
- 8 weeks
- earns $18 per hour 40 hours at regular pay
- averages 3 hours overtime per week.
A tablet computer listed at an original price of $250 is placed on sale for 20% off the original price. Alison, an employee of the store, gets an additional 30% off the sale price. What price would Alison pay to purchase the tablet computer?
Take the original price and take off 20% = $250(1 - .20) = $250(.80) = $200
Then take off another 30% $200(1 - .30) = $140
What is the 50,30, 20 rule?
A budgeting strategy that divides your after-tax income into three categories:
Alison bought a $2,000 Lenovo computer for college with a protection plan that cost $200 for 5 years. What will her tax amount be if its at 7$
Double points:
How much will Alison pay in total?
The total cost of the computer and protection plan is $2,340
$2,000 for the computer + $200 for the protection plan
Then $2,200×0.07=$140 (tax amount)
Add the tax amount ($140) + plan ($200) + Lenovo ($2,000)
I am a three-digit number. My second digit is four times bigger than the third digit. My first digit is three less than my second digit. Who am I?
Answer: 141
Christian earns $15.82/h and he works 37.5 hours each week. He is paid time and a half for any extra hours he works over 37.5 hours each week. If he works 42.25 hours during one week, how much will he earn?
TRIPLE SCORE
Step1:
Mary wants to buy a new skirt. It was originally $30, but is marked 20% off. She also received a coupon for 15% off the sale price. How much will Mary pay for the skirt?
20% off means that the new price of the skirt will be 80% of the original price:
$30(100% – 20%) = $30(80%)
Converting the percent to a decimal gives:
$30(0.8) = $24.00
There is an additional 15% off the sale price of $24.00, so the final price is 85% of the sale price:
$24(100% – 15%) = $24(85%)
Again converting the percent to a decimal gives:
$24(0.85) = $20.40
What is interest?
How do you calculate interest rate?
Interest is money paid to a lender or earned on a savings account as a percentage of the amount borrowed or saved.
The formula for calculating simple interest is A = P x R x T.
A= amount of interest you'll wind up with.
P= principal or initial deposit.
R= annual interest rate (shown in decimal format).
T=number of years.
Mrs. Jenna bought a car priced at $25,000. If their state has a 5% sales tax on vehicles and an additional annual registration fee of $100, how much she pay in total taxes and fees for the first year of ownership, including both the sales tax and registration fee?
$2,350 in taxes and fees for the first year of car ownership, including both the sales tax and registration fee.
1st:
What can you put between a seven and an eight so that the result is greater than a seven but less than an eight?
Answer: A decimal because 7.8 is greater than seven but less than eight.