Wage & Salary
_____ is calculated by the number of hours worked is usually paid weekly
Wage
Wage
Salespeople or agents can make a percentage of the value of items sold or income made. This is called ____________
Commission
True or false? The tax paid based on the amount of income earned is calculated using a tax table.
True
If 6 avocadoes cost $13.50, determine how much 9 avocadoes cost.
$20.25
______ a fixed annual amount, paid weekly, fortnightly or monthly.
Salary
What is time-and-a-half as a rate (in numbers)?
1.5
A fixed amount paid (often upfront) is called a R___________
Retainer
I______ is the tax taken from an individual's pay based on the amount of money earned.
Income Tax
The price of jeans was marked up by 20%. If the original price was $99, calculate the marked-up price.
$118.80
How many weeks in a year for salary workers?
52
Riley works 38 hours at $17.38 per hour and 5 hours overtime at time-and-a-half. Calculate his total earnings.
$790.79
A task where the amount paid is earned according to the number of items made/completed is called P__________
Piecework
The wholesale price of petrol was marked up by 5.5% from 169 cents per litre.
Calculate the retail price per litre.
178 cents/litre
Determine the percentage discount for the following item.
A dress, discounted from $80 to $60
Amount of discount: 80−60=20
Percentage discount: 2080×100=25
The percentage discount is 25%.
Liam works from 7:30 am to 3:00 pm Monday to Wednesday and from 8:00 am to 4:00 pm Thursday and Friday. His hourly pay rate is $16.38. Calculate Liam's weekly wage.
$630.63
Diane works at a warehouse under the following weekly award. Normal rate is $15.75 per hour.
- Normal rate - 38 hours worked
- Time-and-a-half - 3 hours worked
- Double time - 3 hours worked
What is her wage for working 44 hours?
$811.13
Lucy has a salary job where she works 40 hours a week and is paid $13.40 per hour. Lucy decides that she is taking her annual leave for 4 weeks in December. What will be her total pay for the four-week holiday (Weekly income + 17.5% Annual leave loading)
$2519.20
A pair of sports shoes that cost $152.50 has the 10% GST added to its cost. Calculate the total cost of the sports shoes.
The cost after GST is $167.75 .
Elijah bought some secondhand school books for $280. He got them 60% cheaper than if he purchased them new. Calculate what he would have paid for the books if purchased new.
60% cheaper means the selling price percentage is 40%(100%−60%=40%).
40%=0.4
=280/0.4=700
Elijah would have paid $700.
Goran has an annual salary of $57410. How much would he be paid per week (nearest cent)?
$1100.23
Calculate the normal hourly rate of Sarah if she earns $862.40 by working 36 hours at normal rates and 4 hours at double time.
$19.60
Nicole is a bookseller who earns 4% commission on the value of books she sells. She is also paid a monthly retainer of $900. If Nicole's sales for March were $82 500, find her total income for March.
$4200
Calculate the amount of GST included in an item purchased for a total of $34.98
$3.18
Alex had a collection of 5 games, which he purchased over a period of time at $29.95 each. A friend offered to pay $70 for the whole set. Calculate the loss in dollars and express it as a percentage of the cost price to 2 decimal places.
53.26%