Question 1

Yanping receives a monthly salary of $1931.54 paid semi-monthly. The regular workweek is 38 hours.
a) Calculate the hourly rate of pay.
b) If the gross earnings for one pay period is 1270.75, for how many hours of overtime was Yanping paid at double-time regular pay.

Accepted Answer

The answer of Yanping receives a monthly salary of $1931.54...

Question 2

Mark's gross wages for a week were $711.20. His regular workweek is 40 hours and overtime is paid at time and one-half regular pay. What is Mark's regular hourly wage if he worked 45 1/2 hours?

Accepted Answer

The answer of Mark's gross wages for a week were...

Question 3

September is paid on a weekly commission basis. She is paid a base salary of $370.00 on a weekly quota of $9500.00 and a commission of 5.75% on any sales in excess of the quota.
a) If September's sales for last week were $11 340.00, what were her gross earnings?
b) What are September's average hourly earnings if she worked 35 hours?

Accepted Answer

The answer of September is paid on a weekly commission...

Question 4

Levi earns $19.60 an hour with time and one-half for hours worked over 8 a day. His hours for a week are 9.25, 8.5, 10.5, 13.5, and 6.25. Determine his gross earnings for a week.

Accepted Answer

The answer of Levi earns $19.60 an hour with time...

Question 5

Alicia Helm of Wawanesa, Manitoba, bought a ring for $5700. Since the jeweller is shipping the ring, Alicia must pay a shipping charge of $30.00. She must also pay PST and GST on the ring. Find the total purchase price of Alicia's ring.

Accepted Answer

The answer of Alicia Helm of Wawanesa, Manitoba, bought a...

Question 6

Heart of Gold Realty sold lots for $50 000 per hectare. What is the total sales value if the lot sizes, in hectares, were 1 3/4, 2 1/3, 3 5/8, and 4 1/6?

Accepted Answer

The answer of Heart of Gold Realty sold lots for...

Question 7

Spade Realty sold lots for $17 120 per hectare. What is the total sales value if the lot sizes, in hectares, were 5 3/4, 7 1/3, 5 5/8, and 4 1/6?

Accepted Answer

The answer of Spade Realty sold lots for $17 120...

Question 8

A salesperson earned a commission of $926.59 for last week on gross sales of $7880. If returns and allowances were 10.5% of gross sales, what is his rate of commission based on net sales?

Accepted Answer

The answer of A salesperson earned a commission of $926.59...

Question 9

A clothing salesperson receives a weekly base salary of $200.00 on a quota of $3 000. On the next $1000, he receives a commission of 25%. On any additional sales, the commission rate is 40%. Find her gross earnings for a week in which her sales total $6000.

Accepted Answer

The answer of A clothing salesperson receives a weekly base...

Question 10

Rola's Dry Cleaning shows sales revenue (exclusive of GST) of $176 000 for the year. Rola's GST taxable expenses were (exclusive of GST) $17 960. How much should she remit to the government at the end of the year?

Accepted Answer

The answer of Rola's Dry Cleaning shows sales revenue (exclusive...

Question 11

A salesperson receives a weekly base salary of $800.00 on a quota of $2900. On the next $2100, she receives a commission of 14%. On any additional sales, the commission rate is 19%. Find her gross earnings for a week in which her sales total $8455.

Accepted Answer

The answer of A salesperson receives a weekly base salary...

Question 12

Extend each of the following and determine the total.

Accepted Answer

The answer of Extend each of the following and determine...

Question 13

Mohammad is paid a weekly commission of 2% on net sales of $6000.00, 4% on the next $3 000.00 and 6.25% on all further sales. His gross sales for a week were 11 160.00 and sales returns and allowances were $120.00.
a) Calculate his gross earnings for the week.
b) Calculate the average hourly rate of pay for the week if he worked 40 hours.

Accepted Answer

The answer of Mohammad is paid a weekly commission of...

Question 14

A computer store located in Oakville, Ont., sells a laptop for $1000.00 plus HST. If the same model is sold at the same price in a store in Victoria, B.C.., what is the difference in the prices paid by consumers in the two stores?

Accepted Answer

The answer of A computer store located in Oakville, Ont.,...

Question 15

Two people living in different communities build houses of the same design on lots of equal size. If the person in Airdrie has his house and lot assessed at $165 000 with a mill rate of 22.051 mills, will his taxes be more or less than the person in Kimberly with an assessment of $145 000 and a mill rate of 25.124 mills?

Accepted Answer

The answer of Two people living in different communities build...

Question 16

Bill earned a gross commission of $2551.05 during August. What were his gross sales if his rate of commission is 14.5% of net sales and sales returns and allowances for the month were 6% of his sales?

Accepted Answer

The answer of Bill earned a gross commission of $2551.05...

Question 17

Norm Bates is paid a semi-monthly salary of $792.50. Regular hours are 37 1/2 per week and overtime is paid at time and one-half regular pay.
a) What is Norm's hourly rate of pay?
b) How many hours overtime did Norm work in a pay period for which his gross pay was $946.30?

Accepted Answer

The answer of Norm Bates is paid a semi-monthly salary...

Question 18

A store located in Penticton, B.C., sells a computer for $2975.00 plus HST. If the same model is sold at the same price in a store in Thunder Bay, Ontario, what is the difference in the prices paid by consumers in the two stores?

Accepted Answer

The answer of A store located in Penticton, B.C., sells...

Question 19

Nick's gross earnings for one week was $698.10. His regular rate of pay is $15.60 for a 35 hour week and overtime is paid at time and one-half regular pay. Calculate the number of hours that Nick worked.

Accepted Answer

The answer of Nick's gross earnings for one week was...

Question 20

Esther's flower shop had sales revenue of $152 000.00 for the year. If the shop's GST taxable expenses were 29 920.00. Calculate how much Colleen should remit to the government at the end of the year.

Accepted Answer

The answer of Esther's flower shop had sales revenue of...

Quiz 1: Review of Arithmetic

Yanping receives a monthly salary of $1931.54 paid semi-monthly. The regular workweek is 38 hours. a) Calculate the hourly rate of pay. b) If the gross earnings for one pay period is 1270.75, for how many hours of overtime was Yanping paid at double-time regular pay.