1. Sally earns $603.98 each pay period. If she is paid semimonthly, how much is her annual salary?
2. Helen earned 23,500 annually; 6.5% of her gross pay was withheld for state and local taxes. How much were her taxes?
3. Ron is a writer, so he must pay FICA tax at the self employed rate of 15.3% How much must he pay on an annual income of 38,500?
4.Barbara earns 24,500 per year. She pays 15% of her gross income for federal, state and local taxes. She is taxed at the FICA rate of 7.65%. She has 7% of her income withheld for personal deductions. She is paid twice a month. What is her net pay for each pay period?
5.Janet deposited 2,00 at 10% interest compounded quaterly. Find the amount in her account at the end of the two quarters.
6.Katie borrowed 750 at 14% interest for 3 months. How much does she have to repay under a single payment plan?
7.Joe borrowed 895 at 11.5 interest for 24 months under an add on plan. How much is his monthly payment?
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