Financial Management 2

Which is a source of earned income?

• Interest on your money market account.

• Volunteering at your school.

• Money earned while working at the mall.

• Collecting gift cards from birthdays.

Tom works a 35 hour work week and makes $13.50 per hour, what is his gross pay?

• $474.50

• $472.50

• $470.00

• $400.00

Bob works a long day of 14 hours, he makes $12.50 per hour - what is his gross pay for that day? (remember 8 hours is a day)

• $212.50

• $112.50

• $200.00

• $185.50

Sue works a 53 hour work week (40 is a regular week), and makes $17.50 per hour - what is her gross pay with her overtime?

• $700.00

• $341.25

• $1,200.25

• $1,041.25

Sara worked an 8 hour shift and makes .12 per doll, she makes 80 dolls per hour, what was her gross pay for that day?

• $80.76

• $76.80

• $75.80

• $60.00

Nancy made 600 widgets in 8 hours, what is her production rate?

• 60

• 80

• 75

• 70

Belle worked a 40 hour work week and makes $17.50 an hour, what was her gross pay for the week?

• $700.00

• $650.00

• $705.oo

• $710.00

Elliott works two jobs, the first he worked 7 hours and makes $24.25 and hour, the second he worked 5 hours and makes $18.50, what was his total gross pay for that day?

• $169.75

• $265.00

• $262.25

• $200.50

Jeremiah wants to save for a $750.00 stereo over 6 months, what will he need to save each month to make his goal?

• $125.00

• $105.00

• $120.00

• $130.00

Pedro is saving for a car and needs $8,000, he will save for 3 years. How much does he need to save each month to make his goal?

• $225.00

• $230.00

• $222.22

• $250.00