Business Math?

Question

I have a few questions as follows

Find the cost per year to the employer for a workstation for a repairman who is paid wages of $20,400 a year. Other costs are fringe benefits, 7% of wages, floor space, $320, equipment and tools, $200, and other expenses, $92
Choices
$18,360
$18,660
$21,012
$22,440
Gloria Johnson discounted her own 60-day, non-interest-bearing promissory note for $960 at the bank on October 5 at 8%. How much did Johnson receive from the bank as net proceeds after the bank discount had been deducted?
choices
$942.70
$947.20
$960.00
$972.80
On January 31, Williams' checkbook showed a balance of $1394.81. Her bank statement said $1,528.43. There were no service charges that month. A comparison of canceled checks with the stubs showed outstanding checks for $21.97, $173.14, and $70.49. A canceled check for $48.50 had not been entered in the checkbook. Williams found that a deposit of $83.48 had not been entered on the bank statement. What is the correct checkbook balanc

Answer 1

Find the cost per year to the employer for a workstation for a repairman who is paid wages of $20,400 a year. Other costs are fringe benefits, 7% of wages, floor space, $320, equipment and tools, $200, and other expenses, $92
Answer : $22,440
Total costs: $20,400 + $1,428 (7% of $20,400) + $320 + $200 + $92 = $20,440

Gloria Johnson discounted her own 60-day, non-interest-bearing promissory note for $960 at the bank on October 5 at 8%. How much did Johnson receive from the bank as net proceeds after the bank discount had been deducted?
Answer : $947.20
Assuming a 360-day bank year, $960 discounted at 8% for a 60-day note would = $960 - 0.08x960x60/360 = $947.20.

On January 31, Williams' checkbook showed a balance of $1394.81. Her bank statement said $1,528.43. There were no service charges that month. A comparison of canceled checks with the stubs showed outstanding checks for $21.97, $173.14, and $70.49. A canceled check for $48.50 had not been entered in the checkbook. Williams found that a deposit of $83.48 had not been entered on the bank statement. What is the correct checkbook balance
Answer : $1,346.31.
Checkbook bal. $1,394.81
less omitted check ($48.50)
Correct checkbk bal. = $1,346.31

To countercheck this:
Bank stt. bal. $1,528.43
less:
O/S checks: ($21.97 + $173.14 + $70.49)
add:
Deposit in transit $83.48
Adjusted bank stt. bal. = $1,346.31.