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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
18 cards
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Questions
18
Answers
1
Sal starts with 5 days of vacation a yr, every yr gains 3 days. After 8 yrs how many days off?
32 days
27 days
24 days
29 days
2
This bank program automatically puts your pay check into you bank account.
Medicare
Direct Deposit
Paycheck
Gross Pay
3
When going on a job search, you should have this paper ready to hand out.
resume
W-4
benefits
W-2
4
An agency charges 25% for 5 weeks. You earn $642 a week. How much will you earn after fees?
$2407.50
$3210.00
$2568.00
$802.50
5
Rob writes a book, sells 20,000 copies @ $15.95. He gets 20% of total, what is his check?
$63,800
$24,120
$255,200
$124,300
6
U make $95,785 a year and social security tax is 7.2% with a maximum of $64,000, how much u pay?
$5391
$6897
$4941
$4608
7
A payment for doing something one time, and getting paid multiple times for it is:
Commission
Direct Deposit
Royalty
Piecework
8
Y= 4X + 8 represents what, in terms of vacation days earned?
it maxes out after 48 days
12 days off
started with 4 days, 8 days added for each year worked
start with 8 days, 4 added each year worked
9
Medicare takes 1.45% of your pay check. You make $24,450. How much do you pay?
$355
$349
$284
$312
10
U get a 5% commission on every car you sell. U sell 15 cars that average $5K, what is ur check?
$3,750
$5,320
$4,290
$5,180
11
The job pays $72K annually, what is the weekly income?
$3000
$1894
$2769
$1384
12
Tax money taken from your paycheck is given to older people to retire, is called?
Medicare
Worker's Compensation
Social Security
Pension
13
Tax money is taken from your check for Health plans for people over the age of 65 is called?
Medicare
Social Security
Unemployment
Worker's Compensation
14
You make 58 friendship bracelets in a month and sell them for $8 each. How much do you make?
$446
$488
$464
$424
15
Ed made an average of 84K in last 3 yrs. He worked there 32 yrs. They pay 2.1%
per year
in a pension. Find his pension.
$32,672 a year
$56,448 a year
$62,120 a year
$42,150 a year
16
If you get paid semimonthly, what would that look like?
Getting paid each week, but with a week delay.
Getting paid on the 9th and 24th of each month
Getting paid every other Friday
Getting paid at the end of each month
17
You work a seasonal job for 40 hrs in a week, at $12 an hour. How much is your weekly pay?
$420
$400
$440
$480
18
Optional value added incentives to employees are:
Benefits
Individual Retirement Account
Pension
Social Security