FBLA: Quiz on Business Math and Financial Literacy! Math is almost in every discipline and it can be hard to prosper in the financial sector if you do not make math your best friend as you will be required to form budgets and make estimates about the assets of the business and their use. How about you take this quiz and see if you are as knowledgeable as you think about the finance discipline.
Paid holidays
Recreational facilities
Child care
All of the above
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Employees pass a magnetic stripe card through a reader
Employees insert a time card into a time clock
Employees write their hours worked on a time sheet
Employees keep track of their hours worked mentally.
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Subtract the total deductions from the net pay.
Add the total deductions to the gross pay.
Subtract the total deductions from the gross pay.
Subtract the total deductions from the take-home pay.
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To calculate net income
To calculate taxable income
To study past spending habits
To help allocate future income
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Interest rate
Check number
Balance
Transaction
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Find the employee’s average annual income over the past 3 years
Find the overtime pay rate or rates.
Add the regular-time pay and the overtime pay.
D. Find the number of regular-time and overtime hours worked. Find the number of regular-time and overtime hours worked.
Multiply the regular pay rate by 2.
Divide the regular pay rate by 1.5.
Divide the regular pay rate by 2.
Multiply the regular pay rate by 1.5
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7
5
15.4
14.0
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A construction worker
A waitress
A salesperson
A lawyer
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$1,228.99
$1,282.99
$1,328.99
$14,82.99
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$125.01
$12.50
$101.25
$11.25
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Multiplying the principal by the interest for one year.
Multiplying the interest for one year by the principal
Dividing the interest for one year by the principal.
Dividing the principal by the interest for one year.
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Total deposit
Final deposit
Net deposit
Gross deposit
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Interest is calculated only on previously earned interest
The compound interest rate increases as the term progresses
Interest is calculated only at the end of the term
The compound interest rate decreases as the term progresses
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$20,676.90
$22,876.90
$24,376.90
$22,376.90
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$779.81
$679.81
$704.81
$737.14
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