Payment Periods
How many days are there in a year?
365
If you get paid bi-weekly in the amount of $500, what is your annual gross salary?
$13,000
A CPA (accountant) working for a manufacturer gets a salary of $54,800. What is her gross monthly pay?
$4,566.67
How much will a clerk employed at $22.20 per hour earn for working 25 hours in a week?
$555.00
Kim gets paid $18.75 an hour.
Calculate Kim's overtime rate and her double-time rate.
Overtime = $28.13 per hour
Double time = $37.50 per hour
How many weeks are there in a year?
52
An Uber driver gets $905.60 every two weeks. What is his annual gross income?
$23,545.60
The Town Clerk gets a salary of $44,500. What is his gross monthly pay?
$3,708.33
A Social Worker employed full-time is paid $834.95 per week. Calculate the hourly rate for this employee.
$20.87 per hour
Tom gets paid $23.40 an hour. During one week he works 40 hours. What is Tom's weekly wage?
$936
How many months are there in a year?
12
Change $1,125.40 every two weeks to a gross annual income.
$29,260.40
A Systems Analyst earns a salary of $44,570. How much is her weekly gross pay?
$857.12
A Postal Clerk earns $545.68 for a full-time week. What is his hourly rate?
$13.64 per hour
Mary gets paid $16.65 an hour working in a fast food restaurant.
During the Easter holidays, Mary works a 45 hour week. How much does she get paid that week?
$790.88
16.65 x 40 = $666.00
16.65 x 1.5 = 24.98
24.98 x 5 = $124.88
How many bi-weekly paydays are there in a year?
26
Tom earns $472.50 per week. How much does he get a every two weeks?
$945
An experienced Preschool Director earns a salary of $69,913. What is her bi-weekly gross pay?
$2,688.96
Sally, a part-time assistant childcare worker, is paid $18.46 an hour.
Her friend Max also works part-time as a childcare assistant at the same childcare center. What is Max's hourly rate?
How much will Sally or Max earn if they each work 28 hours?
Max earns $18.46 per hour.
Either will earn $516.88, gross
Anita needs to earn $500 a week to be able to pay her bills. She gets paid $11.89 per hour and works as a full-time Cashier at Bed Bath and Beyond.
How many hours of overtime must Anita work to make $500 in a week?
2 hours of OT
$11.89 x 40 = $475.60 (needs $24.40)
OT rate: $17.84
How do you convert a weekly pay to a monthly income?
Multiply the weekly pay by 52 (weeks) then divide that by 12 (months).
Mary gets paid $895.40 a week. What is Mary's monthly income?
$3,581.60
A Computer Programmer earns a salary of $130,864. What is her gross bi-weekly pay?
$5,033.23
Ralph is a full-time Plasterer who works Monday through Friday and earns $552.52 per week.
However, Ralph wants to look after his grandchildren on Tuesdays.
How many hours per week will he need to work as a Plasterer to earn the same gross weekly wage?
40 hours
Colin is a full-time employee at Chik-fil-a. He needs to make $1,115 per week to meet all of his financial expenses. Colin gets paid $20.50 per hour.
What are the minimum number of overtime hours Colin must work to make the money he needs?
10 hours
$20.50 x 40 = $820
$1,115 - $820 = $295 (needs)
OT rate: $30.75
$295 / $30.75 = 9.6 or 10 hours