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