Duplicate of Employment Basics, Ch #6 Financial ALgebra

Question 1

What plan is the best to plan for retirement with?

Accepted Answer

Why not have all 3

Question 2

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 3

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

Accepted Answer

$1384

Question 4

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

Accepted Answer

$300

Question 5

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

Accepted Answer

resume

Question 6

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 7

Optional value added incentives to employees are: (i.e. health ins., paid vacation)

Accepted Answer

benefits

Question 8

What is an advantage and disadvantage of minimum wage?

Accepted Answer

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

Question 9

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

Accepted Answer

$63,800

Question 10

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

Accepted Answer

$355

Question 11

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

Accepted Answer

$464

Question 12

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

Accepted Answer

Direct Deposit

Question 13

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

Accepted Answer

Medicare

Question 14

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

Accepted Answer

$2407

Question 15

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 16

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

Accepted Answer

$30.38

Question 17

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

Accepted Answer

start with 8 days, 4 added each year worked

Question 18

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

Accepted Answer

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

Question 19

U make $95,785 a year and soc. sec. tax is 7.2% with a max. of $64,000, how much do u pay?

Accepted Answer

$4608

Question 20

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

Accepted Answer

Royalty

Question 21

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

Accepted Answer

$1160

Question 22

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

Accepted Answer

Social Security

Questions 22