Deck 5: Employment Basics

Question 1

This piecewise function represents the Social Security taxes for 2009.How much did Rachel pay in Social Security tax if she earned $102,000 in 2009?

A) $6,824.60
B) $6,355.10
C) $6,324.00
D) $6,220.00

Answer 1

$6,324.00

Question 2

In 2008,Yolanda paid $3,875 in Social Security tax.If the Social Security tax rate was 6.2% to the maximum income of $94,200 that year,what was Yolanda's taxable income?

A) $6,250
B) $38,750
C) $62,500
D) $66,375

Answer 2

$62,500

Question 3

Michelle receives $32,000 per year as an assistant fast food manager.Her benefits include health insurance,paid holidays,retirement contributions,and a two-week paid vacation each year.Because she wears a uniform,Michelle calculates that she saves $2,500 on clothing costs per year.She constructed this table to show the value of each benefit.What is her annual salary,including benefits? ​ ​

A) $32,000
B) $42,400
C) $4,690
D) $49,400

Answer 3

$49,400

Question 4

What is Medicare?

A) Unemployment insurance for workers who involuntarily lose their jobs.
B) Health benefits and compensation for workers who get injured on their jobs.
C) Benefit pay to workers who retire or become disabled,or to their survivors if the worker dies.
D) Health insurance for the disabled and for people over 65.

Question 5

Pimmi gets paid $0.50 for the first 100 craft kits that she assembles.She earns $0.75 for each kit over 100.This week she assembled 135 kits.How much did she earn?

A) $67.50
B) $72.50
C) $76.25
D) $101.25

Question 6

The purpose of worker's compensation is to offer benefits to eligible employees that have become unemployed.

Question 7

Miquel pays $47 semimonthly for health insurance which is 15% of the total cost.His employer pays the rest.What is the total yearly cost to the nearest dollar of Miquel's health insurance?

A) $1,327
B) $3,260
C) $5,485
D) $7,520

Question 8

Bruce is paid semimonthly,so he receives 24 paychecks a year.

Question 9

This spreadsheet calculates a yearly pension.The formulas are entered in column B.What is the spreadsheet formula for B7?

A) =average(B3:B5)
B) =sum(B3:B5)
C) =(B6*B2)/B1
D) =B1/100*B6*B2

Question 10

Royalty is a percentage paid on the money earned from sales on items such as tickets,books,artwork,and music CDs.

Question 11

McKenzie sells textbooks.She receives 7% on her first $1,000 in sales and 15% on the balance of her sales.If her sales in one month were $14,500,she would earn $2,025 in commission.

Question 12

Employers are usually charged a flat fee to place classified ads in the newspaper.

Question 13

Blinko's charges $24.99 to print 100 top-quality,single-page résumés.Each additional 50 copies cost $10.This cost,r(x),written as a piecewise function,is:

Question 14

Catalina works part-time at a bakery earning $7.50 an hour.In the past five days,her time card shows that she worked 3.3,2.9,4.0,3.5,and 2.1 hours.What is her gross pay for the five days?

A) $118.50
B) $119.50
C) $122.50
D) $125.50

Question 15

Marcus earned $54,000 last year when the Social Security tax was 6.2% of income up to $94,200.His Medicare tax was 1.45%.How much did he pay in Social Security and Medicare taxes last year?

Question 16

Jim was offered a job as a computer programmer making $65,000 per year.Another company offered Jim a position earning $1,200 a week.The job with the $65,000 salary pays more.

Question 17

Cherie accepted a job through an employment agency.The job pays $1,100 a week.The agency charges 30% of her first 4 weeks,pay.To find the amount she owes the agency,she should multiply her first four weeks' salary by 0.03.

Question 18

Federal and state laws provide rules on the lowest hourly rate that can be paid to a worker in the United States.What is that rate called?

A) Regular hours
B) Minimum wage
C) Double-time
D) Maximum wage

Question 19

In 2005,Lee began working as a nurse anesthetist with a taxable income of $119,000.The Medicare tax was 1.45% and the Social Security tax rate was 6.2% to the maximum income of $90,000 that year.How much did Lee pay in FICA taxes in 2005?

A) $9,103.50
B) $7,305.50
C) $5,580.00
D) $1,725.50

Question 20

Social Security tax is paid on all your income,whereas Medicare tax is paid up to the maximum taxable income amount.

Question 21

Adam works at an electronics store,earning $10.25 an hour,and is paid time and a half for any overtime.Last week,he worked 48 hours.His federal tax withheld is 15% and his state tax withheld is 4%.Social Security and Medicare taxes are also withheld.Determine his net pay for the week.

Question 22

Cherie accepted a job through an employment agency.The job pays $1,100 weekly.The agency charges 22% of her first three months,pay.How much money will the employment agency receive for placing Cherie in her new job? (Round to the nearest dollar. )

Question 23

Isiah just accepted a job that pays an annual salary of $48,800 and was promised a 7.75% raise per year for the next five years if his performance goals are met.Isiah is confident he can meet these goals.What will his biweekly gross pay be when he begins his fifth year with the company?

Question 24

Leslye is a salesperson at a home improvement center.She is paid a monthly commission that is 7.5% of her first $1,000 in sales and 12% of the balance of her sales.Today she earned $517.What was the total value of the merchandise she sold?

Question 25

Alan earned a dollars last year.This year he received a raise of c dollars.He is paid biweekly.Express the difference algebraically between his total biweekly salary this year and last year.

Question 26

An online job-search site charges employers fees to post job listings.The price for posting one job is $495.00.If four jobs are posted,the price per job is $450.What is the percent discount? (Round to the nearest tenth of a percent. )

Question 27

If Leona receives her paycheck biweekly,how many checks does she receive in a year?

Question 28

David is a salesman for a local Ford dealership.He is paid a percent of the profit the dealership makes on each car.If the profit is under $800,the commission is 25%.If the profit is at least $800 and less than $1,000,the commission rate is 27.5% of the profit.If the profit is $1,000 or more,the rate is 30% of the profit.Find the difference between the commission paid if David sells a car for a $1,000 profit and the commission paid if he sells a car for a $799 profit?

Question 29

Nancy was laid off and applied for unemployment benefits in July.In her state,the weekly unemployment benefit is 55% of the 26-week average of the two highest-salaried quarters of the year leading to her application.In April,May,and June,Nancy earned a total of $13,500.In January,February,and March,her total income was $12,775.What will Nancy's weekly benefits be?

Question 30

Juanita gets paid for every apron she embroiders.Last week,she earned $185.If she earns $2.50 for each embroidered piece,how many aprons did she embroider last week?

Question 31

Elijah's biweekly paycheck 5 years ago resulted in a direct deposit of $1,876.92 into his checking account each period.Today,he received a raise that brought his annual salary to $102.05K.If the benefits and taxes deducted from Elijah's paycheck are approximately 36% of his gross pay,how much more per month will Elijah have in his monthly budget than he did 5 years ago? Round to the nearest dollar.

Question 32

Emily wants to have her résumé printed.The printing company charges $24.50 for the first 100 résumés,and then a flat rate for each additional 100 résumés.Emily pays $48.50 for 300 résumés.How much is the flat rate after the first 100 résumés are purchased?

Question 33

Maryanne began a job that gives her 3 days of vacation each year she is employed,up to a maximum of 24 days of vacation time.How many years will she be at the company when she reaches the maximum amount of vacation time?

Question 34

In Ramona's state,the weekly unemployment compensation is 55% of the 26-week average for the two highest salaried quarters.Ramona made the same weekly salary for each of the 26 weeks in her two highest quarters.She will receive a weekly unemployment compensation check of $640.What were the total 26-week earnings for Ramona before she lost her job?

Question 35

Singh works at a restaurant where he is paid by the hour plus time and a half for his hours over 40.Last week,he worked 3 hours overtime,and his gross pay was $380.48.What is his hourly wage?

Question 36

Kenya pays $66.32 biweekly for health insurance,which is 18% of the total cost.Her employer pays the rest.What is the employer's annual contribution for Kenya's health insurance?

Question 37

Katelyn sells cars at a used-car dealer on commission.The car lot pays an 18% commission when the profit on a car is under $400,22% when the profit is at least $400 and less than $1,000,and 24% when the profit is $1,000 or more.Write a piecewise function to represent the commission,c(x)as a function of the profit,x.

Question 38

Mrs.Brown has been working in a factory for 28 years.She is preparing to retire.Her pension is calculated on the average of her last 3 years' salaries,when she earned $38,592;$37,590;and $37,010.Her employer will give her 1.8% of that average for each year she worked.Calculate her pension.

Question 39

A local newspaper charges $18 for the first three lines of a want ad,and then $6.50 for each additional line.Express the cost of an x-line ad,c(x),as a piecewise function.