Quiz about Financial Algebra Employment Quiz Review

Question 1

How many times a month is semimonthly?

Accepted Answer

2

Answer

7

Answer

12

Answer

52

Question 2

How many paychecks would a weekly employee get paid?

Accepted Answer

52

Answer

26

Answer

24

Answer

7

Question 3

How many paychecks would a biweekly employee get paid?

Accepted Answer

26

Answer

52

Answer

24

Answer

2

Question 4

How many more paychecks does a weekly employee get than a biweekly employee?

Accepted Answer

26

Answer

2

Answer

24

Answer

52

Question 5

How many more paychecks does a biweekly employee get than a semimonthly employee?

Accepted Answer

2

Answer

24

Answer

26

Answer

52

Question 6

Eddie gets 8% of each car sale. He is on...

Accepted Answer

Commission

Answer

Salary

Answer

Hourly Pay

Answer

Piecework

Question 7

Brenda makes $11.75 per hour. She is paid...

Accepted Answer

Hourly

Answer

on Commission

Answer

on Royalties

Answer

Piecework

Question 8

Marco makes $15 for each lawn he mowes. He is being paid...

Accepted Answer

Piecework

Answer

Hourly

Answer

Salary

Answer

Royalties

Question 9

How would you turn annual salary into monthly?

Accepted Answer

Divide by 12

Answer

Multiply by 4

Answer

Divide by 52

Answer

Multiply by 7

Question 10

How would you turn weekly into monthly?

Accepted Answer

Mulitply by 4

Answer

Multiply by 7

Answer

Multiply by 52

Answer

Divide by 12

Question 11

How would you turn weekly into annually?

Accepted Answer

Multiply by 52

Answer

Multiply by 7

Answer

Divide by 12

Answer

Multiply by 4

Question 12

How would you turn annaully into weekly?

Accepted Answer

Divide by 52

Answer

Multiply by 4

Answer

Multiply by 7

Answer

Divide by 12

Question 13

Jacob makes $52k per year. He is being paid...

Accepted Answer

Salary

Answer

Hourly

Answer

Commission

Answer

Piecework

Question 14

Employees are paid time-and-a-half for hours worked over 40. This is called...

Accepted Answer

Overtime

Answer

Piecework

Answer

Hourly

Answer

Regular Time

Question 15

Mitchell found a job listed in the classified ads that pays a yearly salary of $57.3K. What is the weekly salary based on this annual salary?

Accepted Answer

1101.92

Answer

2,203.85

Answer

8,185.71

Answer

14,325

Question 16

Mr. Varello is paid semimonthly. His annual salary is $64,333. What is his semimonthly salary, rounded to the nearest cent?

Accepted Answer

$2,680.54

Answer

$2,474.35

Answer

$1,237.17

Answer

$5,361.08

Question 17

Mrs. Frederick is paid semimonthly. Her semimonthly salary is $1,641.55. What is her annual salary?

Accepted Answer

$39,397.20

Answer

$42,680.30

Answer

$6,566.20

Answer

$19,698.60

Question 18

Julianne works as a waitress at a local Emerald Monday restaurant. Her regular hourly wage is $15.50. She regularly works 40 hours per week. What is her regular weekly pay?

Accepted Answer

$620

Answer

$23.25

Answer

$15.50

Answer

$108.50

Question 19

Mr. Ed earns $15.50 per hour. His regular hours are 40 hours per week, and he receives time-and-a-half overtime. Find his total pay for a week in which he works 45 hours.

Accepted Answer

$736.25

Answer

$697.50

Answer

$620

Answer

$116.25

Question 20

Krissy worked her 40 regular hours last week, plus 8 overtime hours at the time-and-a-half rate. Her gross pay was $785.20. What was her hourly rate?

Accepted Answer

$15.10

Answer

$19.63

Answer

$16.36

Answer

$98.15

Question 21

Mr. Harrison earns $32 per hour. He regularly works 40 hours per week. If he works 26 overtime hours (at time-and-a-half), would his overtime pay exceed his regular gross pay?

Accepted Answer

No

Answer

Yes

Question 22

Enid wrote a textbook for high school students. She receives a 5% royalty based on the total sales of the book. The book sells for $51.95, and 12,341 copies were sold last year. How much did Enid receive in royalty payments for last year, to the nearest cent?

Accepted Answer

$32,055.75

Answer

$641,114.95

Answer

$617.05

Answer

$259.75

Question 23

Rock singer and writer Beep Blair is paid 11.5% on her CD sales and music downloads. Last year, she sold 1.22 million CDs and 2.1 million music downloads. The CDs were sold to music stores for $5 each, and the music downloads were $1 each. How much did Beep Blair receive in royalties last year?

Accepted Answer

$943,000

Answer

$6,100,000

Answer

$2,100,000

Answer

$3.22 Million

Question 24

Mr. Corona sells magazines part-time. He is paid a monthly commission. He receives 21% of his first $1,500 in sales and 14% of the balance of his sales. Last month he sold $2,233 worth of magazine subscriptions. How much commission did he earn last month?

Accepted Answer

$417.62

Answer

$315

Answer

$312.62

Answer

$733

Question 25

Casey is a real estate agent. She earns 8.15% commission on each sale she makes. After working with a potential buyer for 3 months, she finally sold a house for $877,000.

Accepted Answer

$71,475.50

Answer

$292,333.33

Answer

$101,607.26

Answer

$35,869.00

Question 26

Jill picks corn and gets paid at a piecework rate of 55 cents per container for the first 300 containers picked. She receives 60 cents per container for every container over 300 that she picks. Last week, Jill picked 370 containers. How much did she earn?

Accepted Answer

$207

Answer

$203.50

Answer

$165

Answer

$222

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