Exam 1: Review of Arithmetic

Simplify: 5 + 7 - 9

Simplify: 9(8 - 5) + 5(6 + 4)

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?

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.

Three mechanics worked 15 , 14 , 18 hours respectively. What was the total cost of labor if the mechanics were paid $14.75 per hour?

Simplify: 3 + 8 ∗ 4

Mark's gross wages for a week were $711.20. His regular workweek is 40 hours and overtime is paid at time and one-half regular pay. What is Mark's regular hourly wage if he worked 45 1/2 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.

Change 0.2% into a fraction.

Emily's residence is assessed by the local taxation department at $249 500.00. Calculate the property taxes paid on this property if the existing mill rate is 15.

Express the following as a percent: 0.67

Your full-time job pays you a bi-weekly salary of $2963.56. In addition to this position you have been working part-time for the last 15 months and earn $500 semi-monthly. You have other payments that total $14 400 per year. What is the maximum monthly amount that your payments can be towards a house purchase? Assume that property taxes and heating costs are included in the $14 400.

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?

Abu sells mutual funds for CIBC. On mutual funds sales, CIBC charges a "front-end load" or gross commission rate of 5%. Abu is paid on a graduated commission structure. He receives 30% commission on the first $50 000 worth of mutual funds he sells in a month, 40% commission for the next $50 000 worth of mutual funds, and 75% commission on all additional sales in the same month. What is Abu's commission for a month in which he sells $150 000 worth of mutual funds?

Simplify:

Certify Auto Repair (CAR) files GST returns annually. In 2012, CAR billed its customers $195 432 for labour, $24 732 for parts, and then added the GST. During this year, CAR paid $19 785 for parts, $36 000 for rent, $9767 for utilities, and $21 873 for shop repairs, plus the GST on these goods and services. What GST must be remitted (or refunded by the CRA) for the year 2012?

Beth's annual salary is $42 120.00. Her regular work-week is 36 hours and she is paid semi-monthly. a) Calculate her gross pay period b) Calculate her hourly rate of pay c) Calculate her gross pay for a period in which she works 12 hours of overtime at time and one-half regular pay.

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?

Evaluate:

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?