Question 1
Your full-time job pays you a bi-weekly salary of $2963.56. In addition to this position you have been working part-time for the last 15 months and earn $500 semi-monthly. You have other payments that total $14 400 per year. What is the maximum monthly amount that your payments can be towards a house purchase? Assume that property taxes and heating costs are included in the $14 400.
◦ $1961.42
◦ $2488.42
◦ $3488.42
◦ $2844.42
◦ none of the above
Question 2
You are supposed to teach 15
credit hours per week per term for a tri-mester school year. Anything above is considered to be overtime and is compensated at time and one-half you regular rate of $27.13 per hour. You work the following credit hours. How much total overtime, for the entire term, does your employer owe you at the end of the third term (assume that you were not paid any overtime in terms one and two and that the term is 15 weeks long)?
◦ $9987.50
◦ $10 987.50
◦ $11 187.50
◦ $8987.5
◦ $11 987.50
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