Vocabulary
What is Gross income
What you make before taxes are taken out
15hrs x $4.15
$62.25
45 hours
how many hours are overtime
$500 - $250
$250
$56 x 1.5
84
What is net income
The amount that is deposited in your bank account (After taxes are taken out)
40 hours x $3.85
$154
If you worked 55 hours weekly, how many are regular pay hours?
40
$786-$86
$700
$30
hourly
Paid by the hour
36 hour x $10
$360
How much did you make in overtime 50 hours x 10
$150
$1,230 + $770
$2,000
$15 x 1.5
$22.50
Salary
You make a specified amount no matter the number of hours you work
30 hours x $5.76
$172.80
How much do you make an hour once you start working overtime
time and a half
$155.45 + $25.55
$181
$35.50 x 1.5
$53.25
Commission
Your pay is directly related to jo performance (Sales)
39 hours x $20
780
how many hours must you work a week before getting Overtime?
40 hours
$1,234.99 + 567.01
$1,802
$34.45 x 1.5
$51.68