Financial Final Sem 1

Convert 2.45% into a decimal

• 0.00245

• .245

• 0.245

• 0.0245

Convert 50.00 into a percentage

• 0.50%

• 5000%

• 50%

• 0.0050%

For A. Tomine, what was the Medicare (1.45%) withheld per pay period?

(HINT: Annual Gross Pay (1.45%) = Annual Medicare)

• $42.28

• $52.13

• $12.23

• $36.80

Marco has the following deductions listed.

Federal Income tax: $44

Social Security tax: $23

Medicare tax: $5

Health Insurance: $24

What is the total amount of his deductions?

• $39

• $67

• $91

• $96

How many hours do most full-time employees work in a typical week?

• 10

• 20

• 30

• 40

(1-2) You are paid $19.00 an hour and work 40 regular hours and 15 hours of overtime at time and a half. How much did you earn for that week?

• $1,781.50

• $1,187.50

• $1,871.50

• $1,817.50

What is the total amount due for these utility bills? Electric = $156.19; telephone = $25.16; gas = $32.78

• $215

• $181.35

• $214.13

• I don't pay no bills

Chad works as a manager at a local convenience store. He earns $17.20 per hour, and last week he worked 45 hours. Because the five extra hours he worked were on a holiday, he received double time for those overtime hours. What were Chad's total weekly earnings, including overtime pay, for last week?

• $668.00

• $774.00

• $860.00

• $903.00

Your monthly paycheck is $2,300. What would your paycheck be if you are paid weekly?

• $530.76

• $530.77

• $557.10

• $575.00

Edward works for a legal firm. He earns an annual salary of $102,380 and an annual bonus based on the firm's performance. This year, Edward will earn a bonus of 4.25% of his annual salary. Calculate Edward's gross pay for the year.

• $102,380.00

• $106,679.96

• $106,731.15

• $145,891.50