Straight Time Pay
Complete this sentence: To find straight time pay, multiply your hourly rate by ______________.
The number of hours worked.
What should you multiply your hourly rate by if you are making time and a half?
1.5
To find piecework pay, you multiply the rate per item times ________________.
The number of items.
True or False: Salary pay is when you get paid a set amount each year, regardless of how many hours you work.
True
True or False: commission is the amount you get paid per hour for a job.
False
Extra pay for hours worked beyond the regular number of hours.
Overtime Pay
Alyssa makes $55 an hour and works 10 hours. What is her straight time pay?
$550
What 3 things should you multiply to calculate your overtime pay?
Hourly rate x overtime rate x overtime hours
Jonathon makes $10 per hockey jersey he sells. If he sells 16 hockey jerseys this week, what would his piecework pay be?
$160
Name 3 different ways you could get paid your salary pay. (Example, annually (now you can't use that one in your list!)
Weekly, Monthly, Bi-weekly, Semi-monthly
What two things do you multiply to calculate commission pay?
Total sales x Commission rate
The amount of money paid for selling a product of service.
Commission Pay
Isaac makes $17.75 an hour and last week he worked 7.5 hours. What was his straight time pay?
$133.13
Bevie gets paid double time for her overtime hours. If she normally gets paid $30.35 an hour, how much would she get paid for overtime?
$60.70
Isaac makes $5.50 for every Fantasy Football team he creates. If he makes 13 teams this season, how much money will he make?
$71.50
Isaac earns $85,885 per year. If he gets paid weekly, how much will his paycheck be?
$7157.08
Isaac sells cars with a 10% commission rate. Last week, he sold $40,000 in cars. What was his commission pay?
$4,000
The fixed amount paid for each hour of work.
Hourly Pay/Hourly Rate
Noah makes $41.50 an hour and he works 8 hours a day. If he works for 3 days, what would his straight time pay be for the week?
$996
Mathew normally works 40 hours. Last week, he worked 45 hours. If he normally makes $14 an hour and gets paid time and a half for overtime, how much total money would he make for the week?
$665
Mathew wants to make $180 this month selling drawings. If he makes $25 per drawing and sells 9 drawings, will he reach his goal?
Noah makes $63,853 per year. If he gets paid semi-monthly, how much will his paycheck be?
$2660.54
Jonathan sells houses with a 7.5% commission rate. Last week, his sales totaled $532,000. What was his commission pay?
$39,900
A fixed amount of money you earn on a regular basis.
Salary
Elizabeth makes $32.90 an hour. She works 3 and half hours a day. If she works 4 days a week, what would her paycheck be for the month?
$1842.40
Kevin gets paid $31 an hour and gets paid time and a half for overtime. Abby gets paid $24 an hour and gets paid double time for overtime. Who has a higher overtime rate?
Abby
Alyssa makes $14 per bottle of perfume she makes, and last month she sold 11 bottles. Bevie makes $16 per bottle of perfume she makes, and last month she sold 9 bottles. Who made more money?
Alyssa
Elizabeth makes $72,000 a year and gets paid bi-weekly. Abby makes $70,000 a year and gets paid semi-monthly. Who has a bigger paycheck?
Abby
Isaac F. sold $30,000 worth of cars at 8.5% commission and Isaac Z. sold $40,000 worth of cars at 6% commission. Who earned more money?
Isaac F.
The total amount of money earned for a pay period at the regular hourly rate.
Gross Pay/Gross Income