Question 1

Solve the problem.
-Find the gross earnings.

Accepted Answer

A) $90.72 
B) $93.24 
C) $91.98 
D) $106.58 
A) $90.72 
B) $93.24 
C) $91.98 
D) $106.58

Question 2

Find the hours, rate, or earnings as specified.
-  Find the number of regular hours, overtime hours (over 40), and overtime rate (time and a half).

Accepted Answer

A) 36.75, 8.75, $27.30 
B) 45.5, 0, $20.48 
C) 40, 5.5, $27.30 
D) 40, 5.5, $20.48 
A) 36.75, 8.75, $27.30 
B) 45.5, 0, $20.48 
C) 40, 5.5, $27.30 
D) 40, 5.5, $20.48

Question 3

Find the equivalent earnings.
-Kathy earns $602 per biweekly pay period. How much does she earn in a month?

Accepted Answer

A) $1,304.33 
B) $15,652.00 
C) $301.00 
D) $652.17 
A) $1,304.33 
B) $15,652.00 
C) $301.00 
D) $652.17

Question 4

Find the Social Security tax and Medicare tax on the annual gross income of a self-employed individual. For a
self-employed person, the FICA rate is 12.4% and the Medicare rate is 2.9%. Round to the nearest cent if needed.
-John Rosar, framer, earned $34,503.87

Accepted Answer

A) $2,139.24, $500.31 
B) $4,178.48, $900.61 
C) $2,139.24, $1,000.61 
D) $4,278.48, $1,000.61 
A) $2,139.24, $500.31 
B) $4,178.48, $900.61 
C) $2,139.24, $1,000.61 
D) $4,278.48, $1,000.61

Question 5

Find the equivalent earnings.
-Kathy's yearly salary is $14,768. How much does she earn in a semimonthly pay period?

Accepted Answer

A) $615.33 
B) $1,230.67 
C) $284.00 
D) $568.00 
A) $615.33 
B) $1,230.67 
C) $284.00 
D) $568.00

Question 6

Find the Social Security tax (6.2%), Medicare tax (1.45%), and state disability insurance deduction (1%) for the employee.
Assume the employee is under the FICA and SDI maximums at the end of the current pay period and assume that
time-and-a-half is paid for any overtime in a 40-hour week. Round to the nearest cent if needed.
-

Accepted Answer

A) $3.31, $0.77, $0.53 
B) $25.82, $6.04, $4.17 
C) $17.22, $4.03, $2.78 
D) $19.99, $6.80, $5.55 
A) $3.31, $0.77, $0.53 
B) $25.82, $6.04, $4.17 
C) $17.22, $4.03, $2.78 
D) $19.99, $6.80, $5.55

Question 7

Find the hours, rate, or earnings as specified.
-  Find the gross earnings for the week. Overtime hours are any hours over 40.

Accepted Answer

A) $476.85 
B) $657.90 
C) $453.90 
D) $680.85 
A) $476.85 
B) $657.90 
C) $453.90 
D) $680.85

Question 8

Solve the problem.
-Acme Industries pays at the time-and-a-half rate for all time worked over 8 hours in any one day no matter how many hours are worked in a week. Susan Jones is an employee of Acme Industries.
Last week she worked 10 hours on Monday, 6 hours on Tuesday, and 9 hours on Friday. Her gross
Earnings for the week were $263.56. What is her regular rate of pay?

Accepted Answer

A) $9.95 
B) $11.71 
C) $8.93 
D) $13.52 
A) $9.95 
B) $11.71 
C) $8.93 
D) $13.52

Question 9

Solve the problem.
-Stephen Rodrigues assembles and finishes wood products. He is paid $1.50 for a shelf, $0.90 for a picture frame, and $2.30 for a planter. One week he completed 41 shelves, 77 picture frames, and 37
Planters. Find his gross earnings.

Accepted Answer

A) $243.10 
B) $219.10 
C) $728.50 
D) $215.90 
A) $243.10 
B) $219.10 
C) $728.50 
D) $215.90

Question 10

Solve the problem.
-Barbara Smith is an employee of Allied Manufacturing Company. She has an 8-hr workday and each day is paid $0.60 for each unit produced or the hourly rate, whichever is greater. Her hourly
Rate is $7.15 per hour. Last week she produced 90 units on Monday, 111 units on Tuesday, 82 units
On Wednesday, 112 units on Thursday, and 98 units on Friday. What were her gross earnings for
The week?

Accepted Answer

A) $305.00 
B) $294.00 
C) $316.00 
D) $307.00 
A) $305.00 
B) $294.00 
C) $316.00 
D) $307.00

Question 11

Solve the problem.
-Chuck earns $11 per hour for a 40-hour work week and time-and-a-half for overtime. One week he worked 52 hours. Find his gross pay for the week.

Accepted Answer

A) $858.00 
B) $572.00 
C) $440.00 
D) $638.00 
A) $858.00 
B) $572.00 
C) $440.00 
D) $638.00

Question 12

Find the weekly gross earnings. Overtime is paid at the time-and-a-half rate for hours over 40 per week.
-

Accepted Answer

A) $458.35 
B) $413.85 
C) $502.85 
D) $489.25 
A) $458.35 
B) $413.85 
C) $502.85 
D) $489.25

Question 13

Find the weekly gross earnings. Overtime is paid at the time-and-a-half rate for hours over 40 per week.
-

Accepted Answer

A) $902.50 
B) $950.00 
C) $997.50 
D) $1,010.00 
A) $902.50 
B) $950.00 
C) $997.50 
D) $1,010.00

Question 14

Find the weekly gross earnings. Overtime is paid at the time-and-a-half rate for hours over 40 per week.
-

Accepted Answer

A) $940.50 
B) $836.60 
C) $925.60 
D) $881.10 
A) $940.50 
B) $836.60 
C) $925.60 
D) $881.10

Question 15

Solve the problem.
-Mike Penn is an employee of Acme Manufacturing Company. He has an 8-hr workday and each day is paid $0.30 for each unit produced or the hourly rate, whichever is greater. His hourly rate is
$6.50 per hour. Last week he produced 141 units on Monday, 167 units on Tuesday, 124 units on
Wednesday, 136 units on Thursday, and 147 units on Friday. What were his gross earnings for the
Week?

Accepted Answer

A) $296.50 
B) $260.00 
C) $243.25 
D) $308.00 
A) $296.50 
B) $260.00 
C) $243.25 
D) $308.00

Question 16

Solve the problem. Use a FICA rate of 6.2%, a Medicare rate of 1.45%, and an SDI rate of 1%. Assume the person's
earnings will not exceed $31,800 for the year. Round to the nearest cent if needed.
-Todd Bennett worked 41.5 hours last week at Eck Builders, a construction company. He is paid $ 11.27 per hour, plus time-and-a-half for overtime. Find his Social Security tax and Medicare tax
For the week.

Accepted Answer

A) $27.95, $6.54 
B) $29.00, $6.78 
C) $29.52, $6.90 
D) $43.50, $10.17 
A) $27.95, $6.54 
B) $29.00, $6.78 
C) $29.52, $6.90 
D) $43.50, $10.17

Question 17

Find the federal withholding tax for the employee. Use the wage bracket method.  
-

Accepted Answer

A) $22 
B) $19 
C) $21 
D) $20 
A) $22 
B) $19 
C) $21 
D) $20

Question 18

Solve the problem.
-Suppose assembly line workers are paid as follows:   If Jared assembles 80 items, what are his gross earnings?

Accepted Answer

A) $86.25 
B) $83.75 
C) $80.00 
D) $140.00 
A) $86.25 
B) $83.75 
C) $80.00 
D) $140.00

Question 19

Find the gross earnings.
-Total sales: $4,499 Returns and Allowances: $250
Rate of commission: 13%.

Accepted Answer

A) $617.37 
B) $584.87 
C) $552.37 
D) $334.87 
A) $617.37 
B) $584.87 
C) $552.37 
D) $334.87

Question 20

Solve the problem.
-Find the gross earnings. Units Produced

Accepted Answer

A) $228.78 
B) $305.66 
C) $306.28 
D) $306.90 
A) $228.78 
B) $305.66 
C) $306.28 
D) $306.90

Solve the problem. -Find the gross earnings.

Find the hours, rate, or earnings as specified. - Find the number of regular hours, overtime hours (over 40), and overtime rate (time and a half).

Find the equivalent earnings. -Kathy earns $602 per biweekly pay period. How much does she earn in a month?

Find the Social Security tax and Medicare tax on the annual gross income of a self-employed individual. For a self-employed person, the FICA rate is 12.4% and the Medicare rate is 2.9%. Round to the nearest cent if needed. -John Rosar, framer, earned $34,503.87

Find the equivalent earnings. -Kathy's yearly salary is $14,768. How much does she earn in a semimonthly pay period?

Find the hours, rate, or earnings as specified. - Find the gross earnings for the week. Overtime hours are any hours over 40.

Solve the problem. -Stephen Rodrigues assembles and finishes wood products. He is paid $1.50 for a shelf, $0.90 for a picture frame, and $2.30 for a planter. One week he completed 41 shelves, 77 picture frames, and 37 Planters. Find his gross earnings.

Solve the problem. -Chuck earns $11 per hour for a 40-hour work week and time-and-a-half for overtime. One week he worked 52 hours. Find his gross pay for the week.

Find the weekly gross earnings. Overtime is paid at the time-and-a-half rate for hours over 40 per week. -

Find the weekly gross earnings. Overtime is paid at the time-and-a-half rate for hours over 40 per week. -

Find the weekly gross earnings. Overtime is paid at the time-and-a-half rate for hours over 40 per week. -

Find the federal withholding tax for the employee. Use the wage bracket method. -

Solve the problem. -Suppose assembly line workers are paid as follows: If Jared assembles 80 items, what are his gross earnings?

Find the gross earnings. -Total sales: $4,499 Returns and Allowances: $250 Rate of commission: 13%.

Solve the problem. -Find the gross earnings. Units Produced

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Exam 6: Payroll

Solve the problem. -Find the gross earnings.

Find the hours, rate, or earnings as specified. - Find the number of regular hours, overtime hours (over 40), and overtime rate (time and a half).

Find the equivalent earnings. -Kathy earns $602 per biweekly pay period. How much does she earn in a month?

Find the Social Security tax and Medicare tax on the annual gross income of a self-employed individual. For a self-employed person, the FICA rate is 12.4% and the Medicare rate is 2.9%. Round to the nearest cent if needed. -John Rosar, framer, earned $34,503.87

Find the equivalent earnings. -Kathy's yearly salary is $14,768. How much does she earn in a semimonthly pay period?

Find the hours, rate, or earnings as specified. - Find the gross earnings for the week. Overtime hours are any hours over 40.

Solve the problem. -Stephen Rodrigues assembles and finishes wood products. He is paid $1.50 for a shelf, $0.90 for a picture frame, and $2.30 for a planter. One week he completed 41 shelves, 77 picture frames, and 37 Planters. Find his gross earnings.

Solve the problem. -Chuck earns $11 per hour for a 40-hour work week and time-and-a-half for overtime. One week he worked 52 hours. Find his gross pay for the week.

Find the weekly gross earnings. Overtime is paid at the time-and-a-half rate for hours over 40 per week. -

Find the weekly gross earnings. Overtime is paid at the time-and-a-half rate for hours over 40 per week. -

Find the weekly gross earnings. Overtime is paid at the time-and-a-half rate for hours over 40 per week. -

Find the federal withholding tax for the employee. Use the wage bracket method. -

Solve the problem. -Suppose assembly line workers are paid as follows: If Jared assembles 80 items, what are his gross earnings?

Find the gross earnings. -Total sales: $4,499 Returns and Allowances: $250 Rate of commission: 13%.

Solve the problem. -Find the gross earnings. Units Produced

Whole Numbers and Decimals

Fractions

Percents

Equations and Formulas

Bank Services

Mathematics of Buying

Mathematics of Selling

Simple Interest

Compound Interest and Inflation

Annuities, Stocks, and Bonds

Business and Consumer Loans

Taxes and Insurance

Depreciation

Financial Statements and Ratios

Budgeting and Business Statistics

Filters