Job 21
Instructions:
Complete the following mathematical problems and use the Non-Add key to label the problems.
NAME: SCORE:
Wage Earnings
1. Applied Computers, Inc., is a company that assembles and distributes computers to
retail stores. You, an Applied Computers employee, earns $9.25 an hour. You worked
40 hours last week and want to calculate her wages for the week. How much did you
earn? $370
2.
Time Card
Name: Madeline Kopriva
Employee ID: K1097
Week Ending: March 30, 2021
Morning Afternoon Overtime Hours
In Out In Out In Out Reg. OT.
Monday 7:56 11:59 12:58 4:49 8
Tuesday 7:58 12:00 1:00 5:01 6:00 8:29 8 2.5
Wednesday 8:01 11:57 12:59 5:03 8
Thursday 7:55 12:01 1:03 5:04 6:05 7:31 8 1.5
Friday 8:02 12:02 12:57 5:00 8
Saturday
Sunday
Hours Rate Earnings
Regular 40 $7.50 $300
Overtime 4 &11.25 $45
44 Gross
Total Hours
Pay $345
3. Applied Computers’ employees are paid for a 40-hour week with time and a half for
overtime. You worked 44 hours at $8.00 an hour regular rate. What is your gross pay?
$368
Wage Earnings and Deductions
To work problems 4-8:
1. Add the Hours column on the Time Record to calculate the Total Hours.
2. Multiply the total hours by the Wage Rate to calculate Gross Pay.
3. Multiply the Gross Pay by FICA Tax to calculate the FICA Tax deduction.
4. Subtract the FICA tax deduction from Gross Pay.
5. Subtract the federal income tax (given) form the result of Step 4 to calculate Net Pay.
6. Record your answers in the space provided.
Johnson Building & Supply Co.
Employee’s Time Record
Month of: May
Time
Date From To Hours Work Description
5/1 12:00 4:00 4.0 Customer Service
5/2 1:00 5:30 4.5 Customer Service
5/3 3:00 7:00 4.0 Set up displays
5/7 3:30 4:30 3.0 Deliveries
5/9 9:30 12:30 3.0 Customer Service
5/10 12:45 4:30 3.75 Stockroom
5/11 9:45 3:00 5.25 Customer Service
5/14 11:15 3:45 4.5 Customer Service
5/15 2:00 6:00 4.0 Customer Service
5/17 1:15 5:45 4.5 Deliveries
5/18 2;15 6:30 4.25 Stockroom
5/21 2:30 6:45 4.25 Deliveries
5/22 1:15 5:15 4.0 Customer Service
5/23 12:15 5:00 4.75 Stockroom
5/24 1:00 5:00 4.0 Set up displays
5/26 1:30 6;00 4.5 Stockroom
5/27 1:00 3:30 2.5 Deliveries
5/28 1:00 5:15 4.25 Deliveries
5/29 2:00 5:00 3.0 Customer Service
5/30 1:45 6:00 4.25 Customer Service
Total Hours
4. 80.25 Total Hours
8.50 Wage Rate
Signature: Josh Thompson
5. 853.19 Gross Pay
7. 65.27 FICA (7.65%)
Date: May 31,2021
8. 787.92 Subtotal
48.00 Income Tax
9. 739.92 Net Pay
Straight Commission
9. The Central high School Band sold wrapping paper to raise money for a statewide
competition in Columbus, Ohio. The group made $3.50 on every package of
wrapping paper sold. If the band sold 850 packages, how much money did they raise?
$2,975
10. Brad Gatlin, a college student, has a summer job selling magazine subscriptions to
earn money for the upcoming school year. Brad is paid a straight commission of
$9.25 for every magazine subscription sold. At the end of the summer, he had sold
326 subscriptions. What is the total amount he earned for the summer? $3,015.50
11. To raise money, the Dallas Jr. League sponsor a Christmas Bazar every year. The Jr.
League charges each vender a 5% commission based on the total amount of money
each vendor makes. This year Laurel jones sold a total of $16,878.00 worth of
Christmas clothing. Home much money did Laurel have to pay the Jr. League?
$843.90
12. Tiffany Parker works at a snow ski clothing store for a straight commission of 15%.
To encourage ski jacket sales, Tiffany’s boss told her that she could earn 17.5%
commission on every ski jacket she sold in March. Tiffany sold 15 jackets with total
sales of $2,738.40. How much commission did Tiffany earn on the jackets? $479.22
Salary and Commission
13. Joy Daniel works for a pharmaceutical company on a salary and commission basis.
Ms. Daniel’s beginning salary is $22,000 a year. Her commission is 5%. If Ms.
Daniel sold $850,000 worth of pharmaceuticals a year, what would be her total
income? $64,500
14. Pat Abbot works as a travel agent for Voyage Travel, Inc. He is paid a salary of
$2,200 a month and 7% commission. If Pat sold $38,680 worth of cruise vacations,
how much did he earn last month? $4,907.60
Saving Account Interest
Saving Accounts
Quarterly Interest
Account Balance Annual Interest Rate Quarterly Interest Rate Quarterly Interest
$592.86 5.75% 15. 1.4375% 16. $8
484.97 5.375% 17. 1.34375% 18. $6
207.34 5% 19. 1.25% 20. $2
638.28 6.25% 21. 1.5625% 22. $9
761.69 7.5% 23. 1.875% 24. $14
820.21 8% 24. 2% 26. $16
400.00 5.125% 27. 1.28125% 28. $5
924.75 6.5% 29. 1.625% 30. $15
Stock Dividends
Stock Dividend
Annual
Shares Owned Par Value Per Share Dividend Rate Total Annual Dividend
55 $40.00 6%, annually 31. $132
61 24.80 5.5%, annually 32. $83.24
132 15.63 5%, annually 33. $103.16
200 26.91 7.5%, annually 34. $403.65
34 7.24 5.75%, annually 35. $14.15
81 16.44 8%, annually 36. $106.53
