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Business Math Exam 8
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Business Math Exam 8
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25 Questions

1. The previous balance on Hector Todd’s savings account if $618.21. He has $4.31 in interest, $466.26 in deposits, and $10.10 in withdrawals. What is his new balance?
2. Seven hundred sixty-six and 70/100 dollars as a numeral is:
3. The previous balance in Calvin Harris’ check register was $978.22. He wrote a check to Murray’s Grocery for $77.21 and a check to The Photo Depot for $276.90. What is his new balance?
4. Lincoln Cook has a check for $667.50 and a check for $126.25. He also has $482.00 in bills. He would like to receive $25.00 in cash and deposit the rest of the money in his savings account. What is the total deposit?
5. John Simms is shopping for a new sport utility vehicle. A portion of the sticker for an SUV is shown below. What is the sticker price?
SUV Base Price$28,150.00
Optional Equipment Description
Anti-Lock Brakes (ABS)
Automatic Transmission (ATO)
$900.00
$630.00
Destination Charge699.00
6. Jackie Pope is a professional singer. She tracks her transportation expenses to and from her performances. Her expense sheet looks like this:
Gas/Oil$30.00
Parking5.00
Tolls7.00
Commuting45.50
Pope budgets $100.00 per month for transportation. How much more or less are her expenses than the $100.00 budgeted?
7. Carleen Bailey works at CD Warehouse eight hours a day, earning $9.48 an hour. She is asked to work two additional hours at time and a half to help prepare for an incoming shipment. How much will she earn for these two hours of overtime?
8. Cordell Johnson purchased a snow blower for $237.00 and two bags of rock salt for $3.15 each. What is the sales tax on his purchases if he lives in Maine where the sales tax rate is 5 percent?
9. Julie Lonneman deposited her paycheck for $568.87 and a check from her father for $15.65. What was her total deposit?
10. Thomas Peters purchased a new SUV for $32,984.00. He received a $2,175.00 rebate from the car dealer and a $500.00 rebate from the manufacturer. What is the final price?
11. The Flynns’ monthy budget allowed them to spend $555 for household expenses. During June and July they had a room in their home remodeled and spent a total of $2,035 for household expenses. How much did they overspend?
12. Oliver Kite tracks his transportation expenses to and from work for one month. His expense sheet looks like this:
Gas/Oil$45.75
Parking7.23
Tolls10.25
Commuting61.00
Kite budgets $115.00 per month for transportation. How much more or less are Kite’s expenses than the $115.00 budgeted?
13. Ginger Yiu has a principal of $900.00 in her savings account. It earns 6 % APR interest compounded quarterly. What is the amount in the account at the end of the third quarter?
14. Dalton Alexander’s gross weekly pay is $576. His earnings to date for the year total $12,824. What amount is deducted from his pay per week for Medicare, which is taxed at 1.45 percent?
15. Reka Rahim’s charge account statement showed a previous balance of $6,242.22, a finance charge of $22.12, new purchases of $497.50, and a payment of $6,750.00. What is her new balance?
16. Lincoln Cook has a check for $295.50 and a check for $6.25. He also has a $10.00 bill. He would like to receive $5.00 in cash and deposit the rest of the money in his savings account. What is the total deposit?
17. Bill Aitkins bought a new television set for $327.85. The sales tax rate is 5 percent. What is the total purchase price?
18. Chica Sanchez’s checking account had a balance of $678.22. She wrote a check to pay her gasoline charge card for $17.21 and a check to the grocery store for $172.71. What is her new balance?
19. Lincoln Jefferson sold his motor scooter and received a check for two hundred eighty-one and 01/100 dollars. What is the amount of the check written as a numeral?
20. Lena Craig’s charge account statement showed a previous balance of $1,100.00, a finance charge of $6.00, new purchases of $700.00, and a payment of $180.00. What is her new balance?
21. Aneas Arnold sells lighting supplies. She travels all over New England. Her total monthly expenses for August, September, and October were $2,700.00, $1,100.00, and $2,200.00. What was her average monthly expenditure?
22. Justin Joseph presses shirts at All Day Cleaners. He gets paid $0.37 per shirt. Last week he pressed 649 shirts. What was his total pay?
23. Stephen Snell has $400.00 in his savings account. His annual interest rate is 4 percent. What is the interest after six months?
24. Eric Schneider’s bank statement shows a previous balance of $974.95. He made deposits of $260.00 and $98.48. He wrote checks for $721.00 and $35.35. He has a $3.00 service charge and earned $0.75 in interest. What is his present balance?
25. Samantha Hayes worked 38.75 hours at Tech Pro. She is paid $14.625 an hour. What is her straight-time pay?

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