Exam 1: Review of Arithmetic

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?

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.

Purchases of an inventory item during last month were as follows: What was the weighted average price per item?

Simplify: 3 + 8 ∗ 4

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.

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?

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 $6124.00,what is his commission rate?

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

Simplify:

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?

A clothing salesperson receives a weekly base salary of $200.00 on a quota of $3 000.On the next $1000,he receives a commission of 25%.On any additional sales,the commission rate is 40%.Find her gross earnings for a week in which her sales total $6000.

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?

Florence Lamb is paid a commission of 10 3/4% on her net sales and is authorized to draw up to $900.00 a month.What is the amount due to Florence at the end of a month in which she drew $820.00,had sales of $14 660.00,and sales returns of $331.20?

Bill earned a gross commission of $2551.05 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?

A.J.is paid an annual salary of $41 840.00.She is paid monthly on a 40-hour work week.What is the gross pay for a pay period in which she works 9 hours overtime at time-and-a-half regular pay?

Simplify: + -

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?

Barb's Home Income Tax business operates only during tax season.Last season Barb grossed $38 790 including GST.During that season she spent $9500 before GST on her paper and supply purchases.How much does Barb owe Revenue Canada for GST?

Heart of Gold Realty sold lots for $50 000 per hectare.What is the total sales value if the lot sizes,in hectares,were 1 3/4,2 1/3,3 5/8,and 4 1/6?

You bought two items for a total of $770.11.The first item is GST exempt and it represents 42% of the total purchase price.Assuming that you live in Alberta,what is the total amount of GST that you paid?