Employment Basics, Ch #6 Financial ALgebra

Question 1

What is the National Minimum Wage?

Accepted Answer

$7.25

Question 2

You work 52 hours at $10, with overtime, what would a biweekly paycheck look like?

Accepted Answer

$1160

Question 3

Medicare takes 1.45% of your pay check. You make $24,450 how much do you pay?

Accepted Answer

$355

Question 4

When ever going on a job search you should have this paper ready to handout.

Accepted Answer

resume

Question 5

This bank program automatically puts your pay check into you bank account

Accepted Answer

Direct Deposit

Question 6

Rosa writes a book, sells 20,000 copies @ $15.95. She gets 20% of total, what is her check?

Accepted Answer

$63,800

Question 7

You work a seasonal job for 50 hrs in a week, at $12 an hour, how much is your weekly pay?

Accepted Answer

$600

Question 8

Yuri gets 5% commission on every car and sells 15 cars that average $5K ea. What is his check?

Accepted Answer

$3,750

Question 9

Tax money taken from your paycheck and given to older people to retire is called?

Accepted Answer

Social Security

Question 10

Lisa make 58 friendship bracelets in a month. She makes $8 each, how much does she make?

Accepted Answer

$464

Question 11

What is an advantage and disadvantage of minimum wage?

Accepted Answer

A) Less Gov't assistance, D) hurts small businesses

Question 12

In 1995, you made $95,785. S.S. tax is 7.2% with a maximum of $64K. How much do you u pay?

Accepted Answer

$4608

Question 13

Kim makes 25% for ea newspaper. Ea paper sells for $1.35. If u sell 90 papers, how much u make?

Accepted Answer

$30.31

Question 14

Tax money is taken from your check for Health plans for people over the age of 65 is called?

Accepted Answer

Medicare

Question 15

If you make minimum wage in Salem, OR for 27 hours a week, how much is that annually?

Accepted Answer

$14,391

Question 16

If you get paid semimonthly , what would that look like?

Accepted Answer

Getting paid on the 9th and 24th of each month

Question 17

H gets job from agency. Pays them 25% for 5 wks. Job pays $642 a wk. How much does agency make?

Accepted Answer

$802.50

Question 18

Jorge's new job pays $72K annually, what is his weekly income?

Accepted Answer

$1384

Question 19

What plan is the best to plan for retirement with?

Accepted Answer

Why not have all 3

Questions 19