Employment Basics, Ch #6 Financial ALgebra

Question 1

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 2

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

Accepted Answer

$20,639

Question 3

Ed makes 81K, 84K, 87K in last 3 yrs. Wrked there 32 yrs. They pay 2.1% per year in a pension?

Accepted Answer

$56,448 a year

Question 4

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

Accepted Answer

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

Question 5

You work a seasonal job in OR for 50 hrs in a week, at 18 an hour, how much is your weekly pay

Accepted Answer

$900

Question 6

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

Accepted Answer

$355

Question 7

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

Accepted Answer

Direct Deposit

Question 8

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

Accepted Answer

resume

Question 9

The job pays $72K annually, what is the weekly income?

Accepted Answer

$1384

Question 10

How much should you expect to pay in health insurance premiums a month per person?

Accepted Answer

$350

Question 11

Optional value added incentives to employees are:

Accepted Answer

benefits

Question 12

U get a 5% commission on every car you sell. U sell 15 cars that ave. $5K, what is ur check?

Accepted Answer

$3,750

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

Sal starts with 5 days of vaca. a yr, every yr gains 3 days. after 8 yrs how many days off?

Accepted Answer

29 days

Question 15

U make 58 friendship bracelets in a month. She makes $8 each, how much do u make?

Accepted Answer

$464

Question 16

Rob writes a book, sells 20,000 copies @ $15.95. He gets 20% of total, what is his check?

Accepted Answer

$63,800

Question 17

A payment for doing something one time, and getting paid multiple times for it is:

Accepted Answer

Royalty

Question 18

What plan is the best to plan for retirement with?

Accepted Answer

Why not have all 3

Question 19

Y= 4X + 8 represents what, in terms of vacation days earned?

Accepted Answer

start with 8 days, 4 added each year worked

Question 20

What is the National Minimum Wage?

Accepted Answer

$7.25

Question 21

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

Accepted Answer

Social Security

Question 22

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

Accepted Answer

Medicare

Question 23

U make $95,785 a year and social security tax is 7.2% with a maximum of $64,000, how much u pay

Accepted Answer

$4608

Question 24

You work 52 hours at $20, with overtime, what would a biweekly paycheck look like?

Accepted Answer

$2080

Question 25

What is an advantage and disadvantage of minimum wage?

Accepted Answer

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

Employment Basics, Ch #6 Financial ALgebra

Questions 25

Employment Basics, Ch #6 Financial ALgebra

Questions 25