Jobs and Earnings
You earn $14.75/hour. How much do you make in a 40-hour work week?
$590
Calculate the simple interest earned on an investment of $1200, earning 5% for 2 years.
$120 interest
What is the after-tax cost of headphones that are $149.50?
$168.94
What percent of our pay is deducted for federal tax?
15%
A new car costs $23 600 to buy. What is the after-tax cost?
$26 668
You earn $22.50/hour. What is your hourly wage if you make time-and-a-half for overtime?
$33.75/hour
$1300 is compounded monthly at 6% interest. What is the "i" that you would use in your compound interest formula?
0.06/12
= 0.005
Calculate the unit price of loaves of bread that are 3 loaves for $5.50.
$1.83 per loaf
My NET bi-weekly pay is $1190. If deductions are $389, what is my gross pay?
$1579 is my gross pay
You decide to lease a car that has monthly payments of $370. What is the total you will pay over 5 years?
$22 200 over 5 years (60 months)
Your annual salary is $88 760. What is your bi-weekly salary?
$3413.85 bi-weekly
Calculate the simple interest on an investment of $4650, earning 7% interest for 6 months.
$162.75
Calculate the cost in Canadian dollars of a sweater that is $75 USD.
Exchange rate is 1 USD = 1.28 cAD
$96 CAD
Calculate the CPP deduction from my annual pay of $57 900.
CPP = 4.95%
$2866.05
Your car uses 9.8L/100KM. How much fuel will you need to travel 413 km?
40.47 litres
You earn $0.95 for every ticket sold, plus $15/hour.
How much do you make if you work 4 hours and 110 tickets are sold?
$164.50
What interest rate is needed to earn $1200 simple interest on an investment of 4000 over 8 years?
0.0375
= 3.75%
What is the after-tax cost of running shoes that are $139.80, if today they are 35% off?
$102.68
Name the 4 main deductions in Ontario AND what percent is deducted for each one.
CPP - 4.95%
EI - 1.66%
Fed. Tax - 15%
Prov. Tax - 5.05%
Calculate the value of a car worth $19 800 IN TWO YEARS if it depreciates 12% per year.
$15 333.12
You earn $19/hour plus 12% commission on sales.
How much do you make if you work 8 hours and the total sales is $5700?
$836
Calculate the future value of a $3200 investment, earning 4% interest compounded quarterly for 2 years.
FV = $3465.14
A furniture set costs $4875. You put 20% down. If you want to pay the remaining amount in one year, how much is each monthly payment?
$325 per month
Your gross annual pay is $75 000. If approx. 25% of your income is deducted for taxes, what is your NET MONTHLY PAY?
$4687.50
You need to travel 789 km for a business trip. Your car uses 9.6L/100KM and gas is currently $1.19/L. How much will it cost you to travel THERE AND BACK?
You need151.49 litres.
= $180.27