Wages & Salaries
A FULL TIME ARCHITECT IS OFFERED A SALARY OF $113,984 PER YEAR. BASED ON A 52-WEEK YEAR, WHAT IS THEIR WEEKLY PAY?
$2,192
AN APPRENTICE IS PAID A BASE RATE OF $24 per hour. IF THEY WORK ON A SATURDAY AT "TIME AND A HALF", WHAT IS THEIR SATURDAY HOURLY RATE?
$36 / hour
A STUDENT INVESTS $2,000 INTO A SAVINGS ACCOUNT WITH A SIMPLE INTEREST RATE OF 6% p.a. HOW MUCH INTEREST IS EARNED AFTER 3 years?
$360
A NEW GAMING PC IS ADVERTISED FOR $1,500 plus 10% GST. CALCULATE THE dollar amount of GST THAT MUST BE ADDED TO THE PRICE.
$150
AN APPLE PICKER IS PAID $4.50 FOR EVERY CRATE THEY FILL. HOW MANY CRATES MUST THEY FILL IN A DAY TO EARN EXACTLY $360?
80
A MANAGER RECEIVES A fortnightly PAY CHEQUE OF $3,250. CALCULATE THEIR TOTAL annual SALARY.
$84,500
A NURSE EARNS $42 per hour. ON A PUBLIC HOLIDAY, THEY WORK A 6-hour shift at "double time". CALCULATE THEIR TOTAL EARNINGS FOR THAT SHIFT.
$504
JO INVESTS $12,000 INTO A SAVINGS ACCOUNT WITH A SIMPLE INTEREST RATE OF 6% p.a. HOW MUCH INTEREST IS EARNED AFTER 18 MONTHS?
$1,080
A TEXTBOOK IS SOLD FOR $88, which includes GST. FIND THE PRICE OF THE BOOK before GST WAS ADDED
$80
A REAL ESTATE AGENT SELLS A HOUSE FOR $1.2 million AND EARNS A FLAT 2% commission ON THE SALE. WHAT IS THE AGENT’S TOTAL FEE?
$24,000
AFTER A 5% pay rise, A TECHNICIAN’S NEW HOURLY RATE IS $37.80. WHAT WAS THEIR original HOURLY RATE BEFORE THE INCREASE?
$36
AN EMPLOYEE IS ENTITLED TO A 17.5% holiday loading ON 4 WEEKS OF LEAVE. IF THEIR WEEKLY PAY IS $1,200, FIND THE loading amount ONLY.
$840
FOR HOW MANY years MUST $5,000 BE INVESTED AT A SIMPLE INTEREST RATE OF 6% p.a. TO EARN EXACTLY $1800 IN INTEREST?
6 years
Tax Table: THE FIRST $18,200 IS TAX-FREE. EVERY DOLLAR EARNED OVER THAT IS TAXED AT 19c. FIND THE TAX ON AN INCOME OF $40,000.
$4,142
A SALESPERSON EARNS A BASE WAGE OF $500/week plus 3% commission ON ALL SALES. IF THEY SELL $40,000 WORTH OF GOODS, WHAT IS THEIR total pay?
$1,700
AN EXECUTIVE EARNS $140,400 p.a. AND WORKS A CONSISTENT 45-hour week. CALCULATE THEIR “EFFECTIVE” hourly rate OF PAY.
$60 / hour
A CASUAL WAITER IS PAID $32 per hour, WHICH INCLUDES A 25% casual loading. WHAT IS THE base hourly rate FOR A PERMANENT WORKER?
$25.60 / hr
AN INVESTMENT OF $10,000 GROWS TO A TOTAL VALUE OF $11,800 AFTER 3 years. FIND THE annual simple interest rate AS A PERCENTAGE.
6% p.a.
AN ENGINEER EARNS $95,000 PER YEAR. IN ADDITION TO INCOME TAX, THEY MUST PAY A 2% Medicare Levy. CALCULATE THE cost of the levy ONLY.
$1,900
AGENT EARNS 3% ON THE FIRST $500,000 OF A SALE AND 1% ON ANY AMOUNT AFTER THAT. FIND THE FEE FOR A $1.1 MILLION SALE.
$21,000
A TEACHER EARNS $1,600 per week. BASED ON A YEAR OF 366 days, CALCULATE THEIR total annual earnings FOR A leap year (NEAREST CENT)
$83,657.14
A PILOT IS PAID $160/hr for flying AND $60/hr for standby. IN A 40-HOUR WEEK THEY EARN $4,400. HOW MANY HOURS DID THEY SPEND flying?
20 hours
WHAT Principal (P) MUST BE INVESTED AT A SIMPLE INTEREST RATE OF 3.6% p.a. TO GENERATE EXACTLY $150 per month IN INTEREST?
$50,000
A WORKER’S TOTAL DEDUCTIONS (tax and levies) FOR THE YEAR ARE $22,500, WHICH IS 25% OF THEIR TOTAL INCOME. WHAT IS THEIR Gross Annual Income?
$90,000
AN AUTHOR EARNS A 12% royalty ON A BOOK THAT SELLS FOR $18.50. IN TOTAL, THEY RECEIVE $6,660 IN ROYALTIES. HOWEVER, 10% of all books sold were LATER returned. HOW MANY BOOKS DID THEY ACTUALLY SELL?
2,700 books