Exam 1: Review of Arithmetic

Sean's residence is assessed by the local taxation department at $160 000. Calculate the property taxes paid on this property if the existing mill rate is 20.

Reduce the following fraction to the lowest term:

A salesperson earned a commission of $926.59 for last week on gross sales of $7880. If returns and allowances were 10.5% of gross sales, what is his rate of commission based on net sales?

Tommy Hughes invested $10 000 in a business on January 1. He withdrew $1000 on March 1, reinvested $5000 on July 1, and withdrew $4000 on October 1. What is Tommy's average monthly investment balance for the year?

Isabelle works for The Brick, a furniture company. She earns a base salary $12/hr, 40 hours a week. However, she is also paid commission of 2% for all sales and $1000 incentive pay for every sale of $10 000. In the month August, she won the title of employee of the month for total sales of $75 000. How much did she earn in the month of August, assuming a 4 weeks month?

A town has an assessed residential property value of $350 000 000. The town council must meet the following expenditures: a)Suppose 70% of the expenditures are charged against residential real estate. Calculate the total property taxes that must be raised. b)What is the mill rate? c)What is the property tax on a property assessed at $235 000?

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

September is paid on a weekly commission basis. She is paid a base salary of $370.00 on a weekly quota of $9500.00 and a commission of 5.75% on any sales in excess of the quota. a)If September's sales for last week were $11 340.00, what were her gross earnings? b)What are September's average hourly earnings if she worked 35 hours?

A salesperson is paid a weekly salary of $350.00 or a commission of 14.5% of his sales, whichever is the greater. What is his earnings for a week in which his sales were a)$2480.00? b)$3780.00?

Simplify: 5(4 + 3)

Evaluate:

Simplify, then round to the nearest hundredth:

Spade Realty sold lots for $23 240 per hectare. What is the total sales value if the lot sizes, in hectares, were 2 , 3 , 4 ?

Rola's Dry Cleaning shows sales revenue (exclusive of GST)of $176 000 for the year. Rola's GST taxable expenses were (exclusive of GST)$17 960. How much should she remit to the government at the end of the year?

Sarah receives a semi-monthly salary of $933.20 and works a regular workweek of 40 hours. a)What is Sarah's hourly rate of pay? b)If Sarah's gross earnings in one pay period were $1090.19, for how many hours of overtime was she paid at time and one-half regular pay?

Convert 99.5% into decimals.

Kim Farrena earns $17.60 per hour. Overtime from Monday to Friday is paid at time and one-half regular pay for any hours over 7 1/2 per day. Overtime on weekends is paid at double the regular rate of pay. Last week Kim worked regular hours on Monday, Wednesday, and Friday, 8.5 hours on Tuesday, 11.75 hours on Thursday, and 5 hours on Saturday. Determine Kim's gross wages by each of the two methods.

You are paid a commission on the gross profit per vehicle that you sell. The commission increases with each additional vehicle that you sell. The minimum commission is 25% and it increases in increments of 1% for each additional vehicle sold. Your sales for the following month were as follows: What is your monthly gross pay?

Simplify: 8 + 6 ∗ 2

Alicia Helm of Wawanesa, Manitoba, bought a ring for $5700. Since the jeweller is shipping the ring, Alicia must pay a shipping charge of $30.00. She must also pay PST and GST on the ring. Find the total purchase price of Alicia's ring.