Calculating wages
John earns $15.80 per hour and works for 6 hours a day for 5 days a week. How much will he earn for one week?
$474
Sam earns $11.20 for each box of sticks he fills up. Find how much he will earn if he fills 40 boxes
$448
After working 3 hours, you earned $159. How much did you earn per hour?
$53
You earn $400 per week, but you have to pay 20% in taxes. How much money do you take home each week after tax?
$320
a) Interest is _______________________
b) The simple interest formula is:
c) And each letter stands for..........
a) the extra amount (if borrowed, the extra amount to pay back, on top of what was borrowed)
b) I = PRN
c)
I = interest
P= principal -the original amount invested or borrowed
R= rate as a percent
N = number of time periods
Jazzy earns a salary of $49 000 per annum. Find how much she earns per week (2 d.p)
$942.31
You work at a retail store and earn a commission of 10% on sales. If you sell $1,500 worth of merchandise in a week, how much commission will you earn?
$150
Laura receives a 6% bonus of her yearly earnings at Christmas. Her normal yearly earnings are $98 000. Find how much her bonus will be.
$5880
Using a tax table, which tax bracket would the income of $52 000 belong in?
1, 2, 3, 4 or 5?
3
The simple interest formula is:
And each letter stands for..........
I = PRN
I = interest
P= principal -the original amount invested or borrowed
R= rate as a percent
N = number of time periods
$62 400
An author earns a royalty of 15% on each book sold. If their book sells for $25 and they sell 200 copies, how much royalty will the author receive?
$750
A salesperson earns a base salary of $1,000 per month and an additional 5% commission on their total sales. If their sales for the month total $10,000, what is their total earnings for that month?
$1500
Find the tax payable for a taxable income of $35 000
(use a tax table)
$3192
If you invest $500 in a savings account that offers a simple interest rate of 4% per year, how much interest will you earn after 3 years?
$60
Joseph earns $1628 per week. Find how much he earns per month (2 d.p)
$7054.67
Sisu's hourly wage is $22 and she works a normal 38 hour week, including 5 hours of overtime at a time-and-a-half rate. How much will Sisu earn for that week?
$1001
You work as a technician with a regular hourly rate of $25. Your company pays overtime at a rate of 1.5 times your regular wage for any hours worked beyond 40 hours in a week. Last week, you worked 50 hours. Calculate your total earnings for the week (including your regular pay and overtime pay).
Regular wage = $1000
Overtime = $375
Total pay = $1375
Find the tax payable for a taxable income of $66 000
(use a tax table)
$12997
You want to buy a laptop that costs $1,200. If you pay a 20% deposit and the remaining balance is paid over 12 months with no interest, how much will your monthly payment be?
Deposit = $240
Balance to be paid back = $960
Monthly repayments are $80
A shop assistant works 5 hours on Monday, 6 hours Tuesday, 10 hours Wednesday and 5 hours on Friday each week. Find how much she earns for the entire year if she continues with these same hours and her hourly rate of pay is $27.50.
$37180
If you earn a weekly wage of $600 and receive a holiday loading of 17.5% for your holiday pay, how much will you receive as your total holiday pay for a 4 week holiday?
$2820
A sales representative has a retainer of $750 per week and earns a sliding commission based on their sales: 5% on the first $10,000 of sales, 7% on sales between $10,001 and $20,000, and 10% on any sales above $20,000. If the sales representative makes $25,000 in sales in a week, calculate their total earnings for that week, including their retainer and commission.
5% amount = $500
7% amount = $700
10% amount = $500
Total earnings = $2450
Find the WEEKLY tax payable for an annual taxable income of $199 000.
(use a tax table)
$63097 per year
$1213.4 per week
If you buy a car on terms for $15,000 with a 10% deposit and 3 years of monthly payments of $450, how much interest are you paying in total over the 3 years?
Deposit = $1500
repayments in total = $16200
Total paid = $17700
Total interest = $2700