Lonnie Watkins has gross earnings of 1,400.00 semi-monthly. If his company switches pay schedules from semimonthly to biweekly, what are Lonnie's new gross earnings per pay period? (Round to the nearest cent)
Q. 2Jessie is happy with his 7-year old car, but he is thinking of switching auto insurance carriers. His agent said the car was in model class A and that he would be assigned to driver class 3. For comparison with his current policy, he wants a price quote for 50/100/50 liability coverage, 500 deductible collision and 100 deductible comprehensive. Based on the tables in the book, what would be his total premium if he lives in territory 2 and has a rating factor of 1.3?
A) 309.98
B) 306.00
C) 355.24
D) 397.80
Q. 3Jerome's monthly salary is 4,302. What would be his equivalent biweekly salary? (Round to the nearest cent)
Q. 4Alana wishes to obtain auto insurance. She wants 100/300/100 liability coverage, 250 deductible collision and full coverage comprehensive. She lives in territory 2 and has been assigned to driver class 2 with a rating factor of 1.05. Based on Tables 19-6 and 19-7 from your text, what would be her total premium, if her 3-year old car were in model class L? (Round your answer to the nearest cent)
A) 355.00
B) 383.25
C) 389.00
D) 305.45
Q. 5Ornell sells televisions for Bay City Electronics. He is on an incremental commission schedule of 1.4 of sales up to 120,000 and 2.8 on sales over 120,000. What was Ornell's total gross pay for last month if his sales volume was 194,500?
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