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Chapter 1 Practice Test

Chapter 1 Practice Test. Consumer Math Mastery Test A. 1. Natalie is a lab technician and earns $10.65 per hour. What are her wages for 40 hours?. $10.65 x 40 = $426.00. 2. Estimate Natalie’s annual wages, based on 50 weeks. . $426.00 x 50 = $21,300.00.

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Chapter 1 Practice Test

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  1. Chapter 1 Practice Test Consumer Math Mastery Test A

  2. 1. Natalie is a lab technician and earns $10.65 per hour. What are her wages for 40 hours? • $10.65 x 40 = $426.00

  3. 2. Estimate Natalie’s annual wages, based on 50 weeks. • $426.00 x 50 = $21,300.00

  4. 3. Chris works as an electrician with the Central Electric Company. He earns $16.25 per hour with time and a half after 40 hours. If he works 43 hours Monday through Friday, how much will he earn? • 40 x $16.25 = $650 • $16.25 x 1.5 = $24.375 (overtime rate) • 3 x $24.375 = $73.125 • $650 + $73.125 = $723.125 or $723.13

  5. 4. One day Chris works from 8:00 a.m. to 1:00 p.m, lunches until 1:30, and then works until 6:00 p.m. How many hours does he work? • 1:00 – 8:00 = 5 hours • 6:00 – 1:30 = 4 hours 30 minutes • 5 hours + 4 hours 30 minutes = 9 hours 30 minutes

  6. 5. Mai receives 87¢ for every radio she wires at Brandville Electronics. How much will she earn if she completes the wiring on 105 radios? • .87 x 105 = $91.35

  7. 6. Round $19.623 to the nearest cent. • $19.62

  8. 7. Round $129.699 to the nearest dollar. • $130.00

  9. 8. What is the annual salary for someone who earns a biweekly salary of $863.00. • $863.00 x 26 = $22,438

  10. 9. 5% = 0.0510. 17% = 0.1711. 110% = 1.10

  11. 12. Ms. Abrams receives a 4% commission plus a salary of $275.00 per week. If her total sales for one week are $2880.00, how much does she earn? • $2880.00 x .04 = $115.20 • $275.00 + $115.20 = $390.20

  12. 13. Mr. Martinez sells a car for $15,400. How much does he earn with a 1.5% commission? • $15,400 x .015 = $231.00

  13. $269.41 $503.59 $124.69 $285.31 14. $118.01 + $38.75 + $47.86 + $11.19 + $53.60 = $269.41 (total deductions) $773 - $269.41 = $503.59 (net pay) 15. $46.31 + $19.96 + $25.42 + $5.94 + $27.06 = $124.69 (total deductions) $410 - $124.69 = $285.31 (net pay)

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