Future Business Leaders of America (FBLA) Business Calculations Practice Test

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Dive into the FBLA Business Calculations Test. Sharpen your analytical skills with multiple-choice questions and gain insights with detailed explanations. Excel in your exams!

Practice this question and more.

Bob earns $8.50 per hour. What are his gross earnings for a 40-hour workweek?

$360
$340
$350
$320

The correct answer is: $340

To determine Bob's gross earnings for a 40-hour workweek, you multiply his hourly wage by the total number of hours worked in a week. In this case, Bob earns $8.50 for each hour he works. The calculation is straightforward: 1. Start with Bob's hourly wage: $8.50. 2. Multiply this by the total hours he works in a week: 40 hours. So, the calculation looks like this: Gross earnings = Hourly wage × Hours worked Gross earnings = $8.50 × 40 Gross earnings = $340. This results in gross earnings of $340 for the week, making that the correct answer. Understanding this basic calculation is essential for anyone involved in business and finance as it illustrates how hourly wages translate into total earnings over a specific period.