BOOKKEEPING AND ACCOUNTING PROBLEMS
Questions 1 - 3: The table shown below has positive and negative numbers entered in the rows and columns. Use this table to answer questions 1 through 3.
| 582.76 | 321.54 | -439.07 |
| 159.35 | -647.28 | -271.99 |
| 467.15 | 722.63 | -951.63 |
Question 1. The total of the second column is:
Question 2. The total of the first row is:
Question 3. The total of the third column is:
Questions 4 - 6: The table below indicates the gross wages, insurance payment and net pay for each of three employees. Use this table to answer questions 4 through 6.
| Employee Name | Gross Wages | Insurance Payment | Net Pay |
| Chris Taylor | $840.00 | $50.00 | $714.00 |
| Pat Jones | $1445.00 | $176.50 | $1068.50 |
| Peter Spence | $950.00 | $95.00 | $783.00 |
Question 4. What percentage of gross wages from Peter Spence’s check is being paid for insurance?
Question 5. What percentage of gross wages is Chris Taylor receiving as net pay?
Question 6. What would 12 percent of Pat Jones’ gross wages be?
