eQuizShow

Business Math Chapters 1-3

A Decent Wage

Question:

What is the term for my paycheck (after taxes and deductions have been taken out)?


Answer:

Net Pay



Question:

How much is the basic overtime rate of pay if the regular pay is $12.00 per hour?


Answer:

$18.00 (or time and a half)



Question:

What is my annual wage if I get paid $800 semi-monthly (26 pays per year)?


Answer:

$20,800



Question:

Who makes the most when each paycheck is $450... A) Paid Quarterly, B) Paid Semi-monthly or C) Paid Bi-weekly?


Answer:

C) Paid Bi-weekly...$450 X 26 pays = $11,700.



Question:

Joe makes $9.00 per hour and works 43 hours one week. What is his total pay (including overtime)?


Answer:

$400.50 calculated as such: ($9.00 x 40 = $360) + ($13.50 x 3 = $40.50)



Basic Terms

Question:

What is extra money given for good service called?


Answer:

Tip



Question:

What is the term for money witheld from my gross paycheck (including taxes, insurance, medical, etc)?


Answer:

Deductions



Question:

What is the term for part per one hundred called?


Answer:

Percent



Question:

What is another term for the military's "Basic Training" called?


Answer:

Boot Camp



Question:

What is the term for an amount subtracted from the original price called?


Answer:

A discount



Give me some credit!

Question:

What is the fee charged on the unpaid balance of a charge/credit card account called?


Answer:

Interest



Question:

What is the term for a payment plan, where customers make an initial deposit, and receive the item once the remainder of the price is paid?


Answer:

Layaway



Question:

What would be my new account balance if my credit card bill was $200 with 14% interest added to it?


Answer:

$228



Question:

In old accounting ledgers (bank books), what color ink would indicate a debt?


Answer:

Red



Question:

Which credit card company has Samuel Jackson asking, "What's in your wallet?"


Answer:

Capital One



Let's go shopping...

Question:

What is the colorful term for the retail sales day after Thanksgiving?


Answer:

Black Friday



Question:

I'll meet you at the store at 7:30 pm. What is that in "military time"?


Answer:

1930 hours



Question:

What is the unit price for apples if my cost is $1.59 for 4 pounds?


Answer:

$0.3975 (rounded to $.40)



Question:

What is the cost of a $28.00 shirt that is 20% off?


Answer:

$22.40



Question:

What's the better deal: A) An 8 ounce pizza for $3.29 or B) A 7 ounce pizza for $2.69 ?


Answer:

A=$.41/ounce and B=$.38/ounce, so B is the better deal.



Starts with $

Question:

What is the money made on top of salary as a percentage of total sales called?


Answer:

Commission



Question:

What is the name of the movie with the famous quote, "Show me the money!"


Answer:

Jerry Macguire



Question:

What is $19.8473129 rounded off the the nearest penny?


Answer:

$19.85



Question:

What is the total cost of fabric if you need 5 and 1/8 yards at $3.50 per yard?


Answer:

5.125 x 3.50 = $17.94 (rounded to the nearest penny)



Question:

Which President's face appears on the $10 bill?


Answer:

No President. It is Alexander Hamilton (and he was not a President)