Virtual Business Knowledge Matters - Finding a Job (Math)
QUESTION 1 of 10: What would you earn in total commissions on the following sales of
$5,100, $4,876, $5,215, $6,225, and $5,235, if you earned a commission rate of 1.5%? Correct answer- $399.77
QUESTION 2 of 10: Job A pays $13.00 per hour. Job B pays $11.00 per hour but has health benefits. Health insurance costs $3,400 per year. You expect to work 2,000 hours during the year. Ignoring taxes, which job will leave you with more money at the end of the year? Correct answer- Job A
QUESTION 3 of 10: If you work an 8 hour shift on each weekend day and take two weeks off during the year, how many hours will you work in a year? Correct answer- 800
QUESTION 4 of 10: You find a job that pays $11.25 per hour. You plan to work a 40 hour week. What will your weekly gross pay be? Correct answer- $450
QUESTION 5 of 10: You earn $420 per week. You pay social security taxes of 7.65%, federal taxes of 22%, and state taxes of 5.95%. What is your take home pay? Correct answer- $270.48
QUESTION 6 of 10: Employer A is offering you a position for $35,000 per year. Employer B is offering the same job for $18.00 per hour. Assuming both jobs require a 40-hour work week for 52 weeks, which job pays more? Correct answer- B
QUESTION 7 of 10: Job A offers you the following financial package: base salary of $35,000, 2 weeks paid vacation, full coverage health insurance worth $10,000, at no cost to you. Job B offers the following package: $40,000 base salary, full coverage health insurance for $110.00, deducted from your weekly paycheck, and 2 weeks paid vacation. Which job offers you the best financial advantage? Correct answer- A
QUESTION 8 of 10: Your regular hourly rate is $7.75 per hour. On Sundays, your employer pays time and a half. Calculate your hourly rate for Sundays. (Round down to the nearest penny.) Correct answer- $11.62
QUESTION 9 of 10: Based on your knowledge of taxes, you estimate that your net pay will be 66% of your gross pay. You think you will need $250 per week after taxes to get by. What annual gross salary will you need? Correct answer- $19,696.97
QUESTION 1 of 10: What would you earn in total commissions on the following sales of
$5,100, $4,876, $5,215, $6,225, and $5,235, if you earned a commission rate of 1.5%? Correct answer- $399.77
QUESTION 2 of 10: Job A pays $13.00 per hour. Job B pays $11.00 per hour but has health benefits. Health insurance costs $3,400 per year. You expect to work 2,000 hours during the year. Ignoring taxes, which job will leave you with more money at the end of the year? Correct answer- Job A
QUESTION 3 of 10: If you work an 8 hour shift on each weekend day and take two weeks off during the year, how many hours will you work in a year? Correct answer- 800
QUESTION 4 of 10: You find a job that pays $11.25 per hour. You plan to work a 40 hour week. What will your weekly gross pay be? Correct answer- $450
QUESTION 5 of 10: You earn $420 per week. You pay social security taxes of 7.65%, federal taxes of 22%, and state taxes of 5.95%. What is your take home pay? Correct answer- $270.48
QUESTION 6 of 10: Employer A is offering you a position for $35,000 per year. Employer B is offering the same job for $18.00 per hour. Assuming both jobs require a 40-hour work week for 52 weeks, which job pays more? Correct answer- B
QUESTION 7 of 10: Job A offers you the following financial package: base salary of $35,000, 2 weeks paid vacation, full coverage health insurance worth $10,000, at no cost to you. Job B offers the following package: $40,000 base salary, full coverage health insurance for $110.00, deducted from your weekly paycheck, and 2 weeks paid vacation. Which job offers you the best financial advantage? Correct answer- A
QUESTION 8 of 10: Your regular hourly rate is $7.75 per hour. On Sundays, your employer pays time and a half. Calculate your hourly rate for Sundays. (Round down to the nearest penny.) Correct answer- $11.62
QUESTION 9 of 10: Based on your knowledge of taxes, you estimate that your net pay will be 66% of your gross pay. You think you will need $250 per week after taxes to get by. What annual gross salary will you need? Correct answer- $19,696.97
