5) B arbara Smith is an employee of Allied Manufacturing Company. She has an 8-h

Question

5) B arbara Smith is an employee of Allied Manufacturing Company. She has an 8-hr workday and each day is paid $0.60 for each unit produced or the hourly rate, whichever is greater. Her hourly rate is $7.15 per hour. Last week she produced 90 units on Monday, 97 units on Tuesday, 82 units on Wednesday, 112 units on Thursday, and 98 units on Friday. What were her gross earnings for the week?

A) $ 285.60 B) $ 296.60 C) $ 298.60 D) $ 307.60

6) O n a new oak bookcase with a list price of $882, a series discount of 15/5/5 is offered to

wholesalers while a series discount of 15/15 is offered to retailers.

a) What is the wholesalers price?

b) What is the retailer's price?

A) ( a) $676.60; (b) $244.76 B) ( a) $661.50; (b) $220.50 C) ( a) $205.40; (b) $244.76 D) ( a) $676.60; (b) $637.25

7) A company recorded its check #2754 in its accounting records as $98. However, check #2754 was actually written for $89 and it cleared the bank as $89. What adjustment is needed to the Cash balance per books?

A) Decrease by $9

B) Increase by $9

C) None Needed

D) Refund of $9 to the check recipient

9) Charles Nave, bank teller, has weekly earnings of $610. He is married and claims 3 withholding allowances. His deductions include FICA, Medicare, federal withholding, state disability insurance, state withholding, and credit union savings of $50. Find his net pay.

$ 463.21 B) $ 453.51 C) $ 425.49 D) $ 513.21

Explanation / Answer

5)

payment as per hour each day = 7.15 * 8 = 57.2 dollar

Monday

payment as per unit = 0.6 * 90 = 54 dollar

so on monday she got 57.2 dollar

Tuesday

payment as per unit = 0.6 * 97 = 58.2 dollar

so on tuesday she got 58.2 dollar  

Wednesday

payment as per unit = 0.6 * 82 = 49.2 dollar

so on wednesday she got 57.2 dollar

Thursday

payment as per unit = 0.6 * 112 = 67.2 dollar

so on thursday she got 67.2 dollar

Friday

payment as per unit = 0.6 * 98= 58.8 dollar

so on thursday she got 58.8 dollar

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