Abeka Business Math Test 10 & 11 Exam Questions and Answers

Abeka Business Math Test 10 & 11 Exam
Questions and Answers
Find the gross income for an employee who works 40 hours at 9.13 an hour -
ANSWER-365.20

Find the FICA tax paid on a gross income of 13655 at a rate of 7.65 - ANSWER-
1044.61

Find the overtime rate of 1.5 times the regular pay if the regular pay per hour is 6.58 -
ANSWER-9.87

Find the number of paid hours worked from 8:01am to 4:03pm assuming pay is for full
half-hours - ANSWER-7.5hr.

Find the commission on sales 1650 and a rate of commissions of 3.25 - ANSWER-
53.63

Find the rate of commission if the sales is 1475 and the commission is 59 - ANSWER-
4%

Find the amount of the sale if the commission is 250 and the rate is 5% - ANSWER-
5000

Find the net pay if the gross pay is 259.28 and deductions are 89.99 - ANSWER-169.29

Find 6% of 300 using the ratio approach - ANSWER-18

Find what percent 168 is of 840 using the formula approach - ANSWER-20%

Find what amount 125 is 25% of using the decimal approach - ANSWER-500

(t/f) Another name for FICA tac is Social Security tac - ANSWER-T

(t/f) Income tax is paid on the taxpayer's gross income - ANSWER-F

(t/f)A copy of the w-4 form must be returned with the income tax return - ANSWER-F

(t/f) The federal income tax return should be mailed no later than April 1st of each year -
ANSWER-F

(t/f) The employer must match the FICA tax paid by the employee - ANSWER-T

FICA tax is paid on the employees net income - ANSWER-F