Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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A valet works the late shift and earns $19.50/h for the 6.5-h shift. A shift
premium of $30.00 is paid for working later. How much money is earned?
a. | $56.00 | b. | $147.00 | c. | $156.75 | d. | $137.25 |
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2.
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Erek does odd jobs for her family and the neighbours. He keeps track of the jobs
he does on his block for the week and records them in the chart below: | Job | Hours | Hourly Pay | | Babysitting | 2 h | $10.50 | | Dog Walking | 2 h | $8.00 | | Car Wash | 3 h | $5.50 | | Gardening | 5 h | $8.00 | | Mowing Lawns | 3 h | $11.50 | | | |
What is his income for the week? a. | $127.00 | b. | $128.00 | c. | $119.50 | d. | $138.00 |
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3.
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Mei works at a candy store on Monday night where she earns $249.85 per month.
Mei uses this money to pay for her cell phone plan that is $42/month, a transit pass for $49/month,
and a yoga class for $50/month. If Mei wants to save $250 for a new bike, and she saves 40% of her
paycheque per month, how long will it take to save the money?
a. | 4 months | b. | 5 months | c. | 7
months | d. | 6 months |
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4.
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Erek worked 40 h at $17.00/h. He has deductions totalling $146.95. What was
Erek’s net pay?
a. | $386.10 | b. | $680.00 | c. | $203.95 | d. | $533.05 |
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Use the pay stub to answer the following questions.
Hunter
receives a pay stub from his job as an executive assistant. He is paid weekly. Due to a computer
glitch some of the calculations were replaced by “ *****”. Earnings
Statement Employee Name: Smith, Hunter Occupation: Writer/Editor Period End Date: March
20 Cheque Number: 1285 | Earnings | | | | | Deductions | | | Description | Hours | Rate | Amount | | Description | Amount | | Regular
Hours | 40 | 19.75 | ***** | | Income Tax | 203.99 | | Overtime | 2.5 | 29.63 | ***** | | EI | 14.92 | | Overtime | 0 | 39.50 | ***** | | CPP | 44.48 | | Vacation
Pay | | | 34.56 | | | | | Gross Pay | | | ***** | | Total Deductions | ***** | | | | | | | Net
Pay | ***** | | | | | | | |
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5.
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What was Hunter gross pay for the pay period?
a. | $898.64 | b. | $755.44 | c. | $864.08 | d. | $829.52 |
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6.
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How much money was deducted from Hunter’s pay cheque for the pay
period?
a. | $297.95 | b. | $248.47 | c. | $174.43 | d. | $263.39 |
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7.
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What percentage of Hunter’s gross pay was deducted from his take home
during the pay period?
a. | 29.3% | b. | 25.4% | c. | 74.6% | d. | 70.7% |
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8.
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Brian mows lawns in the neighborhood and earns $19.00 per lawn. This week he
mows 4 lawns and also receives $120 during a birthday party. Brian decides to use a maximum of 40% of
his income as spending money. What is the maximum amount of spending money he has for the
week?
a. | $117.60 | b. | $55.60 | c. | $30.40 | d. | $78.40 |
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9.
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The Employment Insurance (EI) rate is 1.66% of a person’s gross pay up to
a maximum of $858.22 per year. The employer’s contribution rate is 2.32% of a person’s
gross pay up to a maximum of $1201.51 per year. How much did the employer pay in premiums if
Catherine makes $34 000.00 for the year?
a. | $564.40 | b. | $858.22 | c. | $1353.20 | d. | $788.80 |
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10.
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Dariol works as a desk clerk earning $19.70/h. She is paid regular time for the
first 40 hours, time-and--half for the 10 h and double time for any additional hours. What is
Dariol’s gross pay if she works 71 h?
a. | $1910.90 | b. | $1398.70 | c. | $1704.05 | d. | $2009.40 |
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Short Answer
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1.
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Brian is a lab technician. His regular pay is $25.70/h. If he works on a
holiday, he receives a shift premium of double-time for those hours. Determine how many hours he
worked on the holiday if his gross pay for the following week is $1207.90. | Sunday | Monday - Holiday | Tuesday | Wednesday | Thursday | Friday | Saturday | | 10 h | ____ h | Day Off | Day Off | 8 h | 9 h | 8
h | | | | | | | |
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2.
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Hunter is a sales consultant for a mail-order jewelry company and earns 13% of
his sales. If he sells more than $2500 in a week, he earns a $100 bonus. Last week, Hunter sold the
following amounts each day. | Monday | $545.00 | | Tuesday | $272.00 | | Wednesday | $583.00 | | Thursday | $276.00 | | Friday | $284.00 | | |
What was
Hunter’s gross pay for last week?
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3.
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Jade works at an electronics store on Thursday night where he earns $240.25 per
month. Jade uses this money to pay for her cell phone plan which is $57.00/month, a transit pass for
$67.00/month and a yoga class for $48.00/month. How much money will she have left after
expenses?
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Problem
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1.
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Cai completed job interviews with two companies. Company A offered a yearly
salary of $77 000 and Company B offered a salary of $78 000. Using the information below determine
which position Cai should accept. 2018 British Columbia: Provincial Income Tax Amounts | Income | Tax Rate | | $0 – $38 898 | 5.06% | | $38 898 – $77 797 | 7.7% | | $77 797 – $89 320 | 10.5% | | $89 320 – $108 460 | 12.29% | | over $108 460 | 14.7% | | |
2018 Canada: Federal Income Tax
Amounts | Income | Tax Rate | | $0 – $45 916 | 15% | | $45 916 - $91 831 | 20.5% | | $91 831 - $142 353 | 26% | | $142 353 - $202 800 | 29% | | over $202 800 | 33% | | |
Employment Insurance
(EI) Premium Rate: 1.66% to a maximum of $858.22 Canada Pension Plan (CPP) Contribution Rate:
4.95% to a maximum of $2593.80
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2.
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In the restaurant industry servers are often required to pay a tip. A tip out is
an amount or percentage of a server's tips that the server shares, either voluntarily or as
mandated, in a tip sharing or tip pooling agreement. Tips are shared with other employees such as
bussers, bartenders, back waiters and host/hostesses whose job duties indirectly assist the
server.
Mirka has just been hired by a local restaurant. She is paid minimum wage of $11.35
plus tips. In addition, she pays a tip out of 5.5% based on her gross sales for the day. If
Mirka works a 4 hour shift and earns 7% on $1155.00 in gross sales, how much does she make for the
night?
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