Vocabulary
Calculating Wages
Overtime
Commissions
Paychecks
Pay Stubs
Trail Mix
100
This tax pays for health insurance for people 65 and older.
Medicare Tax
100
Derek earns $12.65 per hour and worked 29 hours. How much did he make?
$368.85
100
Linda makes $14.35 per hour and time and a half for overtime. If she works 8 hours of overtime, how much overtime pay will she earn?
$172.24 or $172.20
100
Jill makes 5% commissions on all furniture sales. If she sells a sectional couch for $2,549.99, how much did she make from the sale?
$127.50
100
How many checks does someone receive in a year if they are paid biweekly?
26
100
Locate 1 on Frank’s pay stub. What is the total Frank earned from his regular wages this pay period?
$1,120
100
Alexander worked 47 hours last week at the local Amazon warehouse. If he gets paid $15.00 an hour. How much did he earn in regular, overtime and total wages?
Regular- $600
Overtime- $157.50
Total-$757.50
200
This tax pays for retirement income for people 62 and older.
Social Security Tax
200
Sara's annual salary is $64,000. How much does she make weekly? (Assume she works 50 weeks annually)
$1,280
200
Robert makes $18 per hour and double time for holiday hours. If he works 6 hours on Memorial Day, how much will he earn in overtime pay?
$216
200
Danielle sells kitchen cabinets for 9.4% on commissions. If her sells average $12,000 per week, what is her annual income?
$54,144 or $56,400 or $58,656
200
Regina makes an annual salary of $73,450. She is paid bimonthly. How much does she make each paycheck?
$3,060.42
200
Locate 2 on Frank’s pay stub. How many hours of overtime did he work this week?
8 hours of overtime
200
Which method will give you more paychecks in a year bi-weekly or bi-monthly?
bi-weekly = 26
semi-monthly = 24
So bi-weekly will give you 2 more paychecks in a year
300
Daily Double (must get all three parts correct in order to get the 600 points):
What is commission?
What are two types of commission?
Commission: A percentage of sales or a fixed amount of money
Two types are: A percentage of sales or a fixed amount of money
300
Bobby makes $11.25 an hour plus tips. Last week he worked 26 hours and earned $156 in tips. What were his total earnings?
$448.50
300
Pamela makes $17.40 during her regular weekday hours, and time and half for weekend hours. Last week she worked 40 hours during the week and 9 hours on the weekend. How much did she make in total?
$930.90
300
Cassandra has an annual salary of $53,600 in addition to a 4.2% commission rate on her sales. If she sells $119,000 worth of products, how what is her total income for the year?
$58,598
300
Carl's paystub shows his gross wages to be $4,268.19, and his net pay to be $3,137.60. What were his total deductions?
$1,130.59
300
How much federal income tax has Frank paid this year?
$966.00
300
Beyonce is disappointed in your choice of question.
She takes 300 points from you as punishment. 
Terribly sad.
400
What is the difference between gross pay and net pay?
Net pay, also known as take-home pay, is the amount of money an employee receives after taxes and other deductions are subtracted from their gross pay.
Gross pay is the total amount of money an employee earns before taxes and other deductions are taken out. It can include salary, bonuses, commissions, and overtime pay.
400
Joanne earns $14.65 for every bicycle she assembles. If she assembles 12 bicycles in a shift, how much will she make?
$175.80
400
Sam makes $14.25 per hour and double time for overtime. Last week he worked 47 hours. If his normal amount of hours is 40, how much did he earn last week?
$769.50
400
Fred makes an annual salary of $49,500 plus 7.3% in commissions on sales. Last year his sales totaled at $42,100. What was his total income for the year?
$52,573.30
400
Taylor's pay stub listed the following deductions: $268.34 to federal taxes, $82.60 to state taxes, $45.09 to social security, $130.20 to health insurance, and $45 to dues. If her gross pay was $1,199.58, what was her net pay?
$628.35
400
Locate 4 on Frank’s pay stub. How much will Frank receive on payday?
$1,288.00 - $430.94 = $857.06
400
You are given a choice between a salary of $36,000 a year or an hourly wage of $18.25 an hour. Assuming both jobs are the same and you will work 40 hours a week, 50 weeks a year, which job will pay more?
Hourly = $36,500 per year
500
Entitles eligible employees of covered employers to take unpaid, job-protected leave for specified family and medical reasons with continuation of group health insurance coverage
Family Medical Leave Act (FMLA)
500
Tyrone makes $16.50 an hour making solar panels. At another company, Melissa makes $26.73 for every solar panel she completes. If Tyrone woks 40 hours per week, and Melissa completes 5 solar panels per day, who makes more money per day and by how much?
Melissa makes $1.65 more per day.
500
Thomas makes $15.75 an hour with time and a half for overtime. Gerald makes $14.60 per hour with double time for overtime. If they both work 45 hours in a week, who makes more money and by how much? (40 hours is the normal amount for each)
Thomas by $18.13.
500
William and Tiffany both sell houses. William earns a 5% commission and Tiffany earns a 5.7% commission. If William sells a house for $280,900 and Tiffany sells a house for $260,300, who made more from their sale and by how much?
Tiffany by $792.10.
500
Stacy's annual salary is $64,500 and she is paid biweekly. Her last paystub listed $634.92 in total deductions. What was her net pay for that check?
$1,845.85
500
Locate 3 on Frank’s pay stub. What is the sum of Frank’s deductions from his paycheck this pay period?
$18.68 + $79.86 + $128.80 + $58.60 + $45 + $100 = $430.94
500
Kelly works on commission and earns 2.9% on stock sales but is also guaranteed a weekly salary of at least $1500. This week she sold $59,812 worth of stock. She is paid either $1500 or her commission, whichever is larger. How much should Kelly get paid this week?
59812x 0.029 = $1734.55
The commission is bigger, so she earns $1734.55