Wind Song is paid 15.50 per hour, with overtime pay of time-and-a-half for Saturday work and double time for Sunday. Calculate her gross pay if she worked 38 hours during the week (Monday through Friday) and 8 hours Sunday. (Round your answer to the nearest cent)
A) 587.55
B) 837.00
C) 705.25
D) 535.75
Q. 2At age 29, Wendi purchased a 20-year endowment insurance policy with face value of 230,000. She is now 32 and wants to cancel her policy. Determine the amount of reduced paid-up insurance to which she is entitled.
A) 15,070
B) 19,879
C) 22,310
D) 17,338
Q. 3Lee Lu is paid 12.50 per hour, with overtime pay of time-and-a-half for Saturday work and double time for Sunday. Calculate her gross pay if she worked 35 hours during the week, 5 hours Saturday and 3 hours Sunday. (Round your answer to the nearest cent)
A) 575.00
B) 587.50
C) 606.25
D) 750.00
Q. 4Donna purchased a 20-payment life insurance policy having a face value of 350,000 when she was 23 years old. What is the cash value of her policy if she is now 26 years old?
A) 10,150
B) 20,200
C) 10,820
D) 10,940
Q. 5Kate's base pay rate is 12.50 per hour, with overtime paid at time-and-a-half. Find her gross pay if she worked 45.5 hours Monday through Saturday. (Round your answer to the nearest cent)
A) 603.13
B) 568.75
C) 613.03
D) 630.13
Q. 6Xavier wishes to obtain a 10-year term insurance policy having a face value of 375,250. Based on the tables in the book what would be his annual premium if he is 23 years old?
A) 1501.02
B) 1,763.68
C) 1250.51
D) 986.72
Quick Reply
