Home > Mathematics > General Mathematics > Preliminary Course > Financial Mathematics > FM1: Earning money > Quick quiz: A sample of multiple choice questions for this topic.
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1. Chris earns an annual salary of $35 880. Her fortnightly salary is:
2. Rae worked 8 hours at normal time and 2 hours at time and a half. Her normal rate of pay is $9.70 per hour. Her pay for the above time is:
3. Paul is paid $580 per week. He receives a holiday leave loading of 17.5% for his 4 weeks holiday pay. His total holiday pay is:
4. Jo works addressing envelopes at home and is paid $25 per 100 envelopes completed, plus $50 to deliver them to the office. She has just delivered 1300 addressed envelopes. Her pay should be:
5. The Single under-18 study allowance is $158.80 per fortnight.
How much should this be for six months?
6. Kim's pay is $39 850. The deductions are $7570 for tax, $598 for medical and $13 283 for superannuation. This leaves:
7. Two
companies, A and B, offer credit cards. Company A charges a mere
1.1% per month interest on unpaid amounts. Company B advertises
interest at only 12.12% per annum calculated monthly.
Which company charges less interest?
8. In one year, Kim earns $39 850 with deductions of $7570 for tax, $598 for medical and $13 283 for superannuation. This means Kim's weekly pay after deductions is:
9. A
student has to reduce his weekly budget by $50 a week for five weeks
to pay for some repairs to his car.
He should consider:
10. On a mobile phone bill which of the following terms would always tell how much was charged to the account for the month.