Hourly Rates
Salaries
Commission/Piecework Pay
Progressive Taxes
FICA (Social Security/Medicare)
100

If John works as an iron worker and gets paid $35.00 per hour, how much would he be paid for working 40 hours?

$1,400

100

Allie has a contractual salary of $75,600 at a computer software company. If she is paid bi-weekly, which of the following represents her pay each period before taxes?

$2,907.69

100

Kelly works in a local factory. She receives 50 cents for each of the first 200 units she produces and $1.00 for each unit over 200. Yesterday, she produced 220 units. How much did Kelly earn for the day?

$120.00

100

In the United States, we have a progressive tax system. For the first $100,000 of income, every dollar is taxed at a 10% rate. Anything over $100,000 is taxed at a 20% rate. How much income tax would someone pay that makes $150,000?

$20,000

100

Ray got his first job in 2006. In that year, Social Security tax was 6.2% of income up to $94,200 and Medicare tax was 1.45%. If Ray earned $81,210 in 2006, how much did he pay for both taxes?

$6,212.57

200
Alexa is paid hourly and makes a total of $1,320 this week for working 40 hours, what is her hourly rate of pay?

$33.00 per hour.

200

Jessica has a contractual salary of $75,620.88 per year at a computer parts company. What would be her weekly pay?

$1,454.28

200

Jack works as a furniture salesman and earns a base salary of $550 per week plus 8% commission on sales. What was Jack’s weekly pay if his total sales were $7,750?

$1,170.00

200

 A bakery has the following pricing for large orders of cupcakes. The first 20 cupcakes of any order cost $1.00 each. Each of the next 30 cupcakes only cost $.75 each. And each cupcake ordered in excess of 50 costs $.25 each. How much would an order cost for 120 cupcakes?

$60.00

200

Jessica has a contractual salary of $75,620.88 per year at a computer parts company. Social Security tax was 6.2% and Medicare tax was 1.45% up to an income of $94,500. How much did Jessica pay for both of these taxes together?

$5,785.00

300

You are required to work 40 hours per week to receive your hourly pay of $25.00. Your job gives double for any additional overtime hours. How much will you make in total for the week if you work 10 additional hours?

$1,500

300

Jessica has a contractual salary of $75,620.88 per year at a computer parts company. What would be her quarterly pay?

$18,905.22

300

Caroline sells cosmetics part-time and is paid a monthly commission. She receives 9% of her first $900 in sales and 12% of the remainder of her sales. Last month she sold $2,000 worth of cosmetics. How much commission did she earn last month?

$213.00

300

A wholesaler has the following pricing for large orders of shirts. The first 100 shirts of any order cost $15.00 each. The next 100 shirts only cost $12.50 each. Each shirt ordered in excess of 200 costs $11.00 each. How much would an order cost for 350 shirts?

$4,400.00

300

In 2015, Nick paid $4,555 in Social Security taxes. If the tax rate at that time was 6.2%, what was his taxable income?

$73,467.74

400

Robert is a sanitation worker. For any hours worked over 40, he is paid time and a half. He worked 56 hours this week. If Robert’s regular pay is $10.45 per hour, what is his before tax pay for this week with overtime? 

$668.88

400

Jessica has a contractual salary of $75,620.88 per year at a computer parts company. What would be her monthly pay?

$6,301.74

400

A salesperson makes $30,000 a year plus 4% commission on all sales up to (and including) $100,000. If they exceed $100,000 in sales for a calendar year, the salesperson’s commission jumps to 6%. If a salesperson has sales of $200,000, which of the following represents their salary plus commission for the year?

$40,000

400

McCormack Chrysler pays their sales staff by commission. They are paid a percent of the profit the dealership makes on the car. If the profit is $500 or less, the commission rate is 17%. If the profit is greater than $500 and less than or equal to $1,100, the commission rate is 20%. If the profit is above $1,100, the commission rate is 22%. How much does a salesperson make who sells a profit of $1,200?

$227.00

400

In 2007, Social Security tax was 6.2% of income up to $97,500. If Angie earned $104,500 in 2007, how much Social Security tax did she pay?

$6,045