Contemporary Business Mathematics with Canadian Applications 12th edition by S A. Hummelbrunner test

= 11.997%
32) A salesperson is paid a weekly salary of $350.00 or a commission of 14.5% of his sales, whichever is the greater.
What is his earnings for a week in which his sales were
a) $2480.00?
b) $3780.00?
Answer: a) Salary = $350.00
Commission = .145 ? 2480.00 = $359.60
Gross earnings  = $709.60
b) Salary  = $350.00
Commission = .145 ? 3780.00 = $548.10
Gross earnings = $898.10
33) Beth's annual salary is $42 120.00. Her regular work-week is 36 hours and she is paid semi- monthly.
a) Calculate her gross pay period
b) Calculate her hourly rate of pay
c) Calculate her gross pay for a period in which she works 12 hours of overtime at time and one- half regular
pay.
Answer: a)
42120
2 × 12
= $1755.00
b)
42120
52 × 36
= $22.50
c) Overtime = 12 × 22.50 × 1.5 = $405.00
Gross pay = 1755.00 + 405.00 = $2160.00
34) Scott Rae had gross earnings of $554.30 for last week. Scott earns a base salary of $350.00 on a weekly quota of
$4 500.00. If his sales for the week were $6124.00, what is his commission rate?
Answer: Gross earnings = $554.30
Less: base salary  = 350.00
Commission:  = $204.30
Sales for week  = $6124.00
Quota  = 4500.00
Commission sales  = $1624.00
Rate of commission =
204.30
1624.00
= 12.58%
35) A.J. is paid an annual salary of $41 840.00. She is paid monthly on a 40- hour work week. What is the gross pay
for a pay period in which she works 9 hours overtime at time- and- a- half regular pay?
Answer: Weekly pay =
41840.00
52
= 804.6154
Hourly pay =
804.62
40
= $20.1154
Regular monthly earnings =
41840
12
= 3486.67
Overtime earnings = 20.1154 × 9 ? 1.5 = 271.56
Gross = Regular time + Overtime = 3486.66 + 271.56 = $3758.22
36) Corrine Davis had gross earnings of $937.50 for the week. If she receives a base salary of $664.00 on a quota of
$7800.00 and a commission of 6.75% on sales exceeding the quota, what were Corrine's sales for the week?
Answer: Gross earnings  = 937.50
Less: base salary = 664.00
Commission: 273.50
Commission sales =
273.50
.0675
= 4051.85
Sales for week = $(7800 + 4051.85) = $11 851.85
37) Abigail receives a commission of 4.5% on the first $1250.00 of sales during a week. On the next $4500.00 she
receives a commission of 11.5%. On any additional sales, the commission rate is 13.75%. Find her gross earnings
for a week during which her sales amount to $14 200.00.
Answer: Commission on first $1250.00 is 0.045 × 1250.00 = 56.25
Commission on next $4500.00 is 0.115 × 4500.00 = 517.50
Commission on remainder = 0.1375 × 8450 = 1161.875
After rounding to the nearest cent, gross earnings are $1293.63.
38) Last week Dana worked 46 hours. For the regular workweek of 40 hours she is paid $12.40 per hour, and for
every hour over 40 hours she is paid at time and one-half regular pay. How much did she earn last week?
Answer: For the first 40 hours = 40(12.40) = 496.00
For the next 6 hours = 6(12.40 + 6.20) = 111.60
The total = 496.00 + 111.60 = $607.60
39) Kim Farrena earns $17.60 per hour. Overtime from Monday to Friday is paid at time and one-half regular pay
for any hours over 7 1/2 per day. Overtime on weekends is paid at double the regular rate of pay. Last week
Kim worked regular hours on Monday, Wednesday, and Friday, 8.5 hours on Tuesday, 11.75 hours on
Thursday, and 5 hours on Saturday. Determine Kim's gross wages by each of the two methods.
Answer: Method A Regular hours = 37.5 × 17.60  = 660.00
Overtime pay = 5.25 × 17.60 × 1.50  = 138.60
5 × 17.60 × 2  = 176.00
Gross earnings  = $974.60
Method B At regular rate: 47.75 × 17.60  = 840.40
Overtime premium: 5.25 × 17.60 × 0.50  = 46.20
Overtime premium 5 × 17.60 × 1  = 88.00
Gross earnings  = $974.60
40) C.O. is paid a semi-monthly salary of $1 250.00. If his regular work week is 35 hours, what is his hourly rate of
pay?
Answer: Annual salary = 1250.00 × 24 = 30000.00
Weekly pay =
30000
52
= 576.92
Hourly rate =
576.92
35
= $16.48
41) C.O. is paid a semi-monthly salary of 2 754.30. If his regular work week is 42 hours, what is his hourly rate of
pay?
Answer: Annual salary = 2754.30 × 24 = 66103.20
Weekly pay =
66103.20
52
= 1271.22
Hourly rate =
1271.22
42
= $30.27
42) An employee receives a gross pay of $750.73 for 47.25 hours of work. What is the hourly rate of pay if a regular
work week is 37.5 hours and overtime is paid at time- and-a- half the regular rate of pay?