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!

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Tony's Pizza has four employees who earned $350, $375, $350, and $325 last week. What are Tony's total expenses for the week, including taxes and other costs?

$1,852.75
$1,577.50
$1,400.00
$1,502.50

The correct answer is: $1,852.75

To determine Tony's total expenses for the week, you would first need to calculate the total earnings of all employees by adding their individual earnings together. Adding the salaries: $350 + $375 + $350 + $325 = $1,400. Once you have the total salary of $1,400, it's essential to consider the additional costs that Tony incurs, such as taxes, benefits, and any other operational expenses related to employing these workers. The total expenses would include these additional costs on top of the employee salaries. The answer $1,852.75 likely accounts for a specific formula used to calculate total expenses that includes these additional costs. Often, employers take the gross salary and add a percentage for taxes and benefits, which can be significant depending on the region and the type of employment. Therefore, the correct choice reflects the comprehensive sum of all costs associated with the employees, which is crucial for accurate business financial planning. It emphasizes the importance of considering more than just wages when calculating total expenses for a business.