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Business Math Exam 4
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Business Math Exam 4
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25 Questions

1. Jarret’s call to a friend cost $12.76 on Wednesday morning. By waiting until Saturday, he could have saved 55%. What would the cost of the call have been on Saturday?
2. Nina rents a home for $850 a month. If she buys the home, her estimated yearly expenses would be mortgage payment, $4,800; property taxes, $1,400; depreciation, $1,980; maintenance, $900; insurance, $410; and $1,100 mortgage interest. She would save $1,736 in income taxes. How much is saved?
3. Faye Sim is paid $276 a week. The FICA tax rate is 7.65%. What amount is withheld for FICA?
4. Employees at the Graf Company are paid on this piece-rate schedule: First 75 or fewer pieces, $0.95; Next 25 pieces, $1.05; All pieces over 100, $1.20. What was the gross pay for the day for Deb Dubois if she made 108 pieces?
5. Celeste usually earns $360 a week. This week she earned only ¾ of her usual earnings. Find her pay this week?
6. Susan Gerby is paid $1.70 for each usable electronic timer she produces. Last week Susan produced the following quantities of usable timers: Monday, 48; Tuesday, 44; Wednesday, 47; Thursday, 50; Friday, 46. What was Susan’s gross pay for the week?
7. Alfredo Ramos spent these amounts landscaping his home: patio stones, $767.24; stone bed cover, $689.34; edging,, $14.56; shrubs, $239.78; plastic sheeting, $6.89; and mulch, $34.56. How much did Alfredo spend on the landscaping.
8. For the month you sold real estate worth $143,750 and incurred expenses of $207.88. Your commission rate is 6%. What were your earnings for this month?
9. Ben paid annual premiums on a $25,000 whole life policy at a rate of $17.20 per $1,000. After ten years, he canceled the policy and found that its cash value was $97 per $1,000. Over the ten years, he received dividends of $318.55. For the time Ben had the policy, find the net cost of the insurance.
10. Isabel Muyo’s salary is $20,832 this year. Last year her salary was $18,600. What was the percent of increase in her salary
11. A bill for $18.56 for a television antenna was subject to sales tax of 6%. Find the total bill.
12. Jay Volmer sold bird houses. His gross sales were $106.50. The houses cost him $37.50. Other expenses were $24.63. What net amount did he make on the sale?
13. Millville needs to raise $3,557,600 in revenue next year. It expects to receive $160,000 in license fees and raise the rest in property taxes. The town has property with a total assessed value of $274,000,000. What is the tax rate?
14. You had 4 1/6 yards of network wire. You used 2 ½ yards in a recent job. How much wire do you have left?
15. A local radio station, WXYZ, charges $20 for a 30-second ad and $37.50 for a 60-second ad. Your company wants to run 4 30-second ads and one 60-second ad every day for two weeks. How much will this radio advertising campaign cost for two weeks?
16. Mr. Jennings jogged ¼ mile in the morning and 3/8 mile in the afternoon. How far did he jog that day?
17. On Saturday Eiko Yoshino deposited a tax refund check of $328.66 in her bank’s ATM at a shopping center. She then used her debit card to make these purchases: sweater, $56.89; wrench set, $78.99; audio tapes, $27.79. If her starting bank balance was $690.06, what is her new balance?
18. Change 5/7 to a decimal correct to three places.
19. A car used 14 gallons of gas to travel 448 miles. How many miles did the car average per gallon?
20. John Rinaldi deposited these items: 21 twenties, 15 tens, 24 fives, 27 ones, 35 halves, 29 quarters, 183 dimes, 392 pennies, and checks for $42.58, $270.16, and $37.02. What was the total deposit?
21. Eight packages of paper weigh a total of 38 pounds. What is the weight of 50 packages of the same kind of paper?
22. A survey found that 3 out of 5 workers drive to work. There are 480 workers at Ajax Company. Using this survey data, how many workers may drive to work at Ajax Company.
23. Phan Am Van makes a salary of $650 a month plus 10% commission on sales over $5,000. Last month Phan’s sales were $8,459. What were Phan’s gross earnings?
24. Jan Barnes worked 10 ½ hours Sunday, 7 ¼ hours Monday, and 9 ¾ hours Tuesday. Find the total number of hours she worked during those three days.
25. You can buy a set of 2 computer diskette storage cases for $25.90 from Store A or a set of 6 for $71.70 from Store B. How much would you save by buying 12 cases from the lower-priced store?

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