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Employment Basics, Ch #6 FInancial Algebra Flashcards | StudBud
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Employment Basics, Ch #6 FInancial Algebra
Employment Basics, Ch #6 FInancial Algebra
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Financial algebra basic math chapter on employment basics
Flashcards
23 cards
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Questions
23
Answers
1
Optional value added incentives to employees are:
benefits
Pension
social security
Individual Retirement Account
2
Tax money taken from your paycheck is given to older people to retire, is called?
Medicare
Social Security
Pension
Welfare
3
U get a 5% commission on every car you sell. U sell 15 cars that avg. $5K, what is ur check?
$5,320
$4,290
$3,750
$5,180
4
U make $95,785 a year and social security tax is 7.2% with a maximum of $64,000, how much u pay
$4941
$4608
$5391
$5741
5
Sal starts with 5 days of vaca. a yr, every yr gains 3 days. after 8 yrs how many days off?
24 days
27 days
32 days
29 days
6
If you get paid semimonthly , what would that look like?
Getting paid at the end of each month
Getting Paid every other Friday
Getting paid each week, but with a week delay.
Getting paid on the 9th and 24th of each month
7
A job through an agency. The fee is 25% of 1st 5 wks. Pay $642 a wk. The agency is paid?
$802.50
$2167.00
$3210.75
$1971.25
8
Medicare takes 1.45% of your pay check. You make $24,450 how much do you pay(round)?
$349
$284
$312
$355
9
What is an advantage and disadvantage of minimum wage?
A) Less Gov't assistance, D) hurts small businesses
A) Inflation D) Lowers Poverty
All of Above
A) gives a living wage to everyone, D)Lowers housing costs
10
Ed made 81K, 84K, 87K in last 3 yrs. Worked 32 yrs. They pay 2.1% per year in a pension?
$56,448 a year
$42,150 a year
$62,120 a year
$32,672 a year
11
If you make the federal minimum wage of $7.25/hr for 27 hours/week, what is your annual pay?
$22,587
$17,962
$10,179
$20,119
12
You work a seasonal job for 50 hrs in a week, at $12 an hour, how much is your weekly pay
$480
$660
$540
$600
13
The job pays $72K annually, what is the weekly income?
$1158
$985
$1384
$1297
14
Tax money is taken from your check for Health plans for people over the age of 65 is called?
Social Security
Unemployment
Medicare
Minimum Wage
15
U make 58 friendship bracelets in a month. U makes $8 each, how much do u make?
$424
$488
$464
$446
16
Kim makes 25% for ea newspaper. Ea paper sells for $1.35. If u sell 90 papers, how much u make(round)?
$30.38
$36.81
$28.62
$32.41
17
Y= 4X + 8 represents what, in terms of vacation days earned?
start with 8 days, 4 added each year worked
12 days off
it maxes out after 48 days
started with 4 days, 8 days added for each year worked
18
Rob writes a book, sells 20,000 copies @ $15.95. He gets 20% of the total, what is his check?
$63,800
$255,200
$24,120
$124,300
19
You work 52 hours at $10, with overtime, what would a biweekly paycheck look like?
$640
$580
$1160
$1280
20
This bank program automatically puts your pay check into you bank account
Gross Pay
Selective Service
Welfare
Direct Deposit
21
When going on a job search you should have this paper ready to handout.
W-4
W-2
resume
benefits
22
What plan is the best to plan for retirement with?
Why not have all 3
Social Security
IRA or 401K
Pension
23
A payment for doing something one time, and getting paid multiple times for it is:
Piecework
Commission
Direct Deposit
Royalty