Exam 1: Review of Arithmetic

Simplify and round the answer to two decimal places: 56.929 - 36.434

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?

Your gross annual pay is $19 163.Employment insurance premiums are deducted at a rate of 2.25% and Canada Pension Plan premiums are 3.75% based on total earnings.You pay income taxes at a rate of 17% on all amounts over $8131.What is your Net Pay for the year?

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.

A sales representative selling computer parts receives a commission of 3.5% on net sales up to $15 000.00,7% on the next $6000.00,and 9% on any further sales.If his sales for a month were $34 250.00 and sales returns were $1055.00,what was his commission for the month?

Evaluate: 8600(1 - .27 * 226/360)

Simplify:

Simplify:

Carla is paid a semi-monthly salary of $1870.80.Her regular workweek is 40 hours.Overtime is paid at time and one-half regular pay. a)What is Carla's hourly rate of pay? b)What is Carla's gross pay if she worked 7 1/2 hours overtime in one pay period?

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.

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?

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?

Extend and total the following invoice.

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.

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.

Calculate the weighted-average cost of the following inventory purchases: