1. You will be travelling to Europe and you want to convert $275 USD into euros before you go. If the exchange rate is $1 USD to 0.8835 (euros,) how many euros will you receive? Round to the nearest Euro. Show every step of work!

2. After you complete your travels in Europe, you are heading to Japan! When you arrive in Japan, you realize that you have 300 euros that you now need to convert into Japanese Yen! How many yen will you have if the exchange rate is 1 euro to 134.82 Japanese Yen? Round to the nearest yen. Show every step

3. Adam's Art Studio has a revenue of $57,000 per month. He spends 34% of his revenue on payroll. How much does he spend on the payroll? You must use the "pie" for full credit! Show all work beginning with the formula. Round to the nearest dollar.

4. Joe's bank statement showed a balance of $717.72. His checkbook balance was $209.50. Check #104 for $110.07 and check #105 for $15.55 were outstanding. A $620.50 deposit was in transit. He received a direct deposit for $1,025.10. There was a $4 teller fee and an $18 service charge. Please prepare Joe's reconciliation using a bank reconciliation form.

5. Gabriel makes $64,500 per year. He is paid semi-monthly. Gabriel is married and filing separately. For the his first pay check in Januarycalculate (1) current gross pay; (2) FICA deductions (Social Security and Medicare); (3) FIT (assuming the standard deduction); and (4) take home pay. Round all answers to the nearest penny as necessary.

6. Calculate Gabriel's (from the previous question) employer's deductions for the current pay period. Clearly label each individual tax calculation and the total deductions for the pay period

7. A local company manufactures coffee cups. The company has a fixed cost of $99,999. Each cup sells for $6.50 with a variable cost of $2.00. First calculate the contribution margin, then calculate the breakeven point.