Mathematics for Business and Personal Finance

Chapter 13: Personnel

Practice Tests

1
Headlines Inc., a sign company, is searching for a graphic artist. The personnel department placed advertisements for a total cost of $1,236. After reviewing several résumés, they narrowed their search to three candidates who they wanted to interview. The travel expenses for the three candidates were $134.57, $218.91, and $97.04. After the interviews, Phoebe Nevins was hired at an annual salary of $64,500. Phoebe sold her home and Headlines Inc. paid the $7,200 broker's fee. What is the total recruiting cost?
A)$8,886.52
B)$66,186.52
C)$72,936.00
D)$73,386.52
2
Find the total recruiting cost. Advertising costs are $2,975. Interview expenses are $1,320 and $1,560. Hiring expenses are $357, $7,500, and 6% on the sale of a $220,000 home.
A)$26,912
B)$15,272
C)$13,712
D)$5,855
3
ALGEBRA Sunrise Bank is in a national search for a new director. They have budgeted $25,000 for the search. They have spent $7,800 on advertising expenses and $6,250 on interviewing expenses. They are willing to pay 5.5% commission on selling the selected individual's home. What is the maximum selling price on which Sunrise Bank would pay 5.5% commission and stay within $25,000 in total recruiting costs?
A)$340,909.09
B)$312,727.27
C)$199,090.91
D)$10,950.00
4
Yvonne Simmons is a technical writer at ZAP Electronics with an annual salary of $72,500. The board of directors at ZAP voted to give all employees a cost-of-living adjustment of 1.5% and Simmons a merit increase of 4%. What will Simmons's salary be for the upcoming year?
A)$73,587.50
B)$75,400.00
C)$76,487.50
D)$76,531.00
5
Tony Ulmann earns an annual salary of $123,900. He is paid bi-weekly. If Tony receives a 2.8% COLA increase, what will be his new bi-weekly gross?
A)$5,307.05
B)$4,898.82
C)$4,612.16
D)$4,425.00
6
ALGEBRA Marcie Bruno received a 4.2% merit increase and a 2.75% cost-of-living increase after her quarterly review. Her new weekly salary was $788.92. What was her weekly salary prior to the increases?
A)$843.75
B)$737.65
C)$734.09
D)$727.65
7
The personnel department of Credit Counselors is preparing annual reports on employee benefits. Vincent Tucker's gross annual salary is $36,500. His benefits total $10,079.71. What percent of his annual salary are Vincent's total annual benefits?
A)2.7%
B)3.0%
C)27.6%
D)30.0%
8
The personnel department of Anna's Wholesale Bakery is preparing annual reports on employee benefits. Hannah Prosser's gross annual salary is $29,500. Her benefits total $8,673.25. Hannah's total annual benefits are what percent of her annual salary?
A)29%
B)34%
C)66%
D)71%
9
Martin James teaches in Cleveland Schools. His annual salary is $52,345. His benefits include:
State Teacher's Retirement: $7,066.58
Group life insurance: $120.00
Health insurance: $2,750
Vision and Dental insurance: $426.30
What is the rate of benefits?
A)22%
B)20%
C)18%
D)16%
10
Mary Chapman had been working at First Savings for 18 years when she became permanently disabled and could not continue to work. She was 50 years old and had planned to retire in 12 years. Her final average salary was $34,500. First Savings' rate of benefits is 2%. What is Chapman's monthly disability benefit?
A)$690.00
B)$862.50
C)$1,035.00
D)$1,725.00
11
Bruce Connors has been working as an administrative assistant for the past 17 years when he became permanently disabled and could not continue to work. He was 57 years old and had planned to retire in 10 years. His final average salary was $78,560. The rate of benefits is 2%. What is his monthly disability benefit?
A)$2,225.87
B)$3,535.20
C)$4,242.15
D)$9,689.07
12
Tonya Ripka had worked for Central State University for 12 years when she became disabled. Tonya was 45 years of age and had planned to retire at the normal retirement age of 60. Her final average salary was $55,320.55. Central States rate of benefits is 2.1%. What is her monthly disability benefit?
A)$2,613.90
B)$2,926.45
C)$3,042.63
D)$5,255.45
13
The base rate for workers compensation for roofers in one state is $14.67 per $100 paid to employees. The total monthly payroll for Mile High Roofing is $135,000. What is the monthly premium for workers compensation insurance?
A)$1,467.00
B)$1,980.45
C)$14,670.00
D)$19,804.50
14
The owner of Wexler Machining pays the base rate of $5.52 per $100 paid in wages. The payroll for November is $112,450. What is that month's premium for worker's compensation insurance?
A)$621.00
B)$6,207.24
C)$8,426.38
D)$20,371.38
15
The base rate for a state's workers' compensation package insurance is $5.12 per $100 paid in wages. The payroll for April is $32,125. What is that month's premium for worker's compensation insurance?
A)$164.48
B)$1,246.34
C)$1,644.80
D)$2,254.40
16
Mid-Valley Radiology will reimburse Judy Wyman for attending a 2-day training class on new ultra-sound equipment. Judy drove to the class and will receive $0.32 per mile for the 420 miles round-trip. In addition, the conference registration fee is $145, the hotel is $125 for one night, and her meal allowance is $45 for each day. What is the total cost of sending Judy to the conference?
A)$360.00
B)$494.40
C)$628.80
D)$718.80
17
Cost of transportation to a plumbing conference is $1,234. Cost of lodging is $189 a night for 3 nights. Cost of meals is $54.24, $34.21, and $134.56. Additional costs are $390 conference registration fee. Find the total travel expenses.
A)$1,646.01
B)$2,024.01
C)$2,414.01
D)$2,628.01
18
ALGEBRA Andrea Chelsea had total travel expenses of $650. Her transportation cost $240, her lodging $220, and additional costs were $125. If dinner cost three times as much as lunch, how much was her lunch?
A)$12.25
B)$16.25
C)$32.16
D)$56.25
19
Washington School sent 3 teachers to a 2-day conference to learn about the new state curriculum. The teachers were paid their regular salaries while attending the conference. Their combined salaries amounted to $600 per day. The teachers needed substitutes in their absence. The substitutes each received $60 a day. The conference cost was $125 per teacher. What was the total cost to Washington School for the conference?
A)$825
B)$1,650
C)$1,935
D)$2,210
20
Hampton Research is sending its 4-person survey team to a 1-day conference to learn a new technique. One team member earns $285 daily, 2 earn $340 daily, and 1 earns $390 daily. Materials cost $65 per person. What will the 1-day conference cost Hampton Research?
A)$1,355
B)$1,420
C)$1,615
D)$1,812
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