Exam 1: Review of Arithmetic

Change 0.25% into a decimal.

A small town has a total residential assessment of 1.1 billion dollars. The town must meet expenditures of 300 million dollars. a) If 80% 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 $500 000.00

You are supposed to teach 15 credit hours per week per term for a tri-mester school year. Anything above is considered to be overtime and is compensated at time and one-half you regular rate of $27.13 per hour. You work the following credit hours. How much total overtime, for the entire term, does your employer owe you at the end of the third term (assume that you were not paid any overtime in terms one and two and that the term is 15 weeks long)? Term Credit Hours 1 20 2 26 3 19

Change the following expression into a decimal: 166.67%

A salesperson receives a commission of 5% on the first $1500.00 of sales during a week. On the next $5000.00 she receives a commission of 10.5%. On any additional sales, the commission rate is 11.75%. Find her gross earnings for a week during which her sales amount to $12400.00.

A salesperson had gross earnings of $943.25 for last week on gross sales of $8 320.00. If returns and allowances were 5.5% of gross sales, what is his rate of commission based on net sales?

Evaluate:

Bill earned a gross commission of $2 551.05 during August. What were his gross sales if his rate of commission is 14.5% of net sales and sales returns and allowances for the month were 6% of his sales?

Scott Rae had gross earnings of $554.30 for last week. Scott earns a base salary of $350.00 on a weekly quota of $4 500.00. If his sales for the week were $6 124.00, what is his commission rate?

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?

87 % is equal to:

A salesperson earned a commission of $926.59 for last week on gross sales of $7 880. If returns and allowances were 10.5% of gross sales, what is his rate of commission based on net sales?

Nick's gross earnings for one week was $698.10. His regular rate of pay is $15.60 for a 35 hour week and overtime is paid at time and one-half regular pay. Calculate the number of hours that Nick worked.

Mohammad is paid a weekly commission of 2% on net sales of $6 000.00, 4% on the next $3 000.00 and 6.25% on all further sales. His gross sales for a week were 11 160.00 and sales returns and allowances were $120.00. a) Calculate his gross earnings for the week. b) Calculate the average hourly rate of pay for the week if he worked 40 hours.

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.

C.O. is paid a semi-monthly salary of $1 250.00. If his regular work week is 35 hours, what is his hourly rate of pay?

Simplify: 30 + 8 - 6

C.O. is paid a semi-monthly salary of 2 754.30. If his regular work week is 42 hours, what is his hourly rate of pay?

Last week April worked 44 hours. She is paid $11.20 per hour for a regular workweek of 40 hours and overtime at time and one-half regular pay. a) What were April's gross wages for last week? b) What is the amount of the overtime premium?

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: Vehicle Gross Profit 1 $755 2 $1023 3 $474 4 $1512 5 $864 6 $1021 7 $1953 8 $1207 What is your monthly gross pay?