Pay Periods
What is the number of paychecks I would receive if I were paid monthly?
12
Tony makes socks. He is paid $0.25 for every pair of socks he makes. If he made 1,545 pair of socks this week, what is Tony's gross pay?
$0.25 x 1,545 = $386.25
If your annual salary is $48,000, and you are paid monthly, how much is your monthly salary?
$48000/12 = $4000 per month
Patty sells real estate at 7.5% straight commission. Last week, her sales totaled $90,000. What was her commission pay?
90000 x 0.075 = $6750.00
Change 90% to a decimal
0.90
What is the number of paychecks I would receive if I were paid weekly?
52
Jen paints pottery. She is paid $0.95 for every pot she paints. Jen painted 577 pots this week. What is her gross pay?
$0.95 x 577 = $548.15
If your salary is $65,000, and you are paid biweekly, how much is each paycheck?
$65000/26 = $2500 every two weeks
What is the formula for calculating straight commission?
total sales x commission rate
Change 75% to a decimal
0.75
What is the number of paychecks I would receive if I were paid semiannually?
2
What is the formula for calculating piecework?
# of pieces completed x rate per piece
What is the formula for finding how much you earn per pay period?
salary per year / number of pay periods
Nancy sold $50,000 worth of machinery as a sales representative. Her commission rate is 3.5%. Calculate her earnings.
$50000 x 0.035 = $1750.00
Change 100% to a decimal
1.00 or 1
What is the number of paychecks I would receive if I were paid biweekly?
26
Anne works in a clothes factory. She is paid $0.78 for each sleeve she sews onto a shirt. What is her gross pay if she made 265 sleeves this week?
$0.78 x 265 = $206.70
If I'm paid an annual salary of $21,000, what would my paycheck change to if it switched to being paid on a semimonthly basis?
$21000/24 = $875
What are the steps I need to take in order to solve a salary plus commission problem?
-Calculate straight commission
-Calculate salary
-Add commission and salary together
Change 3% to a decimal
0.03
What is the number of paychecks I would receive if I were paid bimonthly?
24
Stella works in a watch factory. She gets paid $0.30 for each watch face she puts in place. What is her gross pay if she puts on 467 watch faces this week?
$0.30 x 467 = $140.10
If I am paid $1,346.15 on a biweekly basis, what would my paycheck be if it switched to a weekly pay?
$1346.15x26 = $35,000
$35000/52 = $673.08
Tucker gets a fixed salary of $2000 per month and a commission of 2% on sales. If his total sales for the month were $30,000, what is his commission? Salary? Commission plus salary?
Commission: $30000 x 0.02 = $600
Salary: $2000
Both: $600 + $2000 = $2,600
Change 4.02% to a decimal
0.0402