Exam 1: Review of Arithmetic

Tom is employed at an annual salary of $50 292.48. His regular workweek is 37.5 hours and he is paid semi-monthly. a)What is Tom's gross pay per period? b)What is his hourly rate of pay? c)What is his gross pay for a period in which he worked 12 1/2 hours overtime at time and one-half regular pay?

Norm Bates is paid a semi-monthly salary of $792.50. Regular hours are 37 1/2 per week and overtime is paid at time and one-half regular pay. a)What is Norm's hourly rate of pay? b)How many hours overtime did Norm work in a pay period for which his gross pay was $946.30?

Two people living in different communities build houses of the same design on lots of equal size. If the person in Airdrie has his house and lot assessed at $165 000 with a mill rate of 22.051 mills, will his taxes be more or less than the person in Kimberly with an assessment of $145 000 and a mill rate of 25.124 mills?

Levi earns $19.60 an hour with time and one-half for hours worked over 8 a day. His hours for a week are 9.25, 8.5, 10.5, 13.5, and 6.25. Determine his gross earnings for a week.

Change the following expression into a decimal: 166.67%

Norman works for Honda Oshawa on commission only. He gets $500 for every used car he sells and $750 for every new car. Last month he sold 9 used cars and 4 new cars. What was his gross earning last month?

A retail chain sells snowboards for $855.00 plus GST and PST. What is the price difference for consumers in London, Ontario, and Lethbridge, Alberta?

Calculate the weighted-average cost of the following inventory purchases:

Denise Jantz invested $35 000 on January 1 in a partnership. She withdrew $5000 on June 1, withdrew a further $1900 on August 1, and reinvested $6 000 on November 1. What was her average monthly investment balance for the year?

Convert this fraction into the decimal form. If appropriate, place a dot above a decimal number to show that it repeats:

Calculate the final answer for the following expression: (53 + 22)÷ 20

Simplify:

Express the following as a percent: 4.55

Simplify:

Jessica Hughes invested $40 000 on January 1 in a partnership. She withdrew $15 000 on June 1, withdrew a further $2000 on August 1, and reinvested $8 000 on November 1. What was her average monthly investment balance for the year?

Simplify: (14 + 7)/3

A town has a total residential assessment of 900 million dollars. The town must meet expenditures of $45 million. a)If 90% of the expenditures are charged against residential real estate, calculate then total property taxes that must be raised. b)Calculate the mill rate. c)Calculate the property tax on a property assessed at $235 000.00

Paul is a homeowner in Whitby and his home value has been recently assessed by MPAC as $339 500. Paul's tax notice lists the following mill rates for various local services and capital developments. Calculate current year's total property tax.

R.J. earns $11.70 an hour, with time-and-a-half for hours worked over 36 a week. His clock hours for a week are 10.5, 7.5, 11, 13, and 9.75. Determine his gross earnings for a week.

Evaluate: 400(1 + .10 ∗ 100/365)