Definitions
Salary Wages
Hourly Wages
Piecework and Commission Wages
SMART Goals
100
twice a month or 24 times a year
What is semimonthly pay periods?
100
(salary per pay period)(number of pay periods per year) = annual salary
What is the formula for SALARY WAGES?
100
number of hours in a typical work week
What is 40 hours?
100
Elizabeth works picking blackberries. She is paid $0.25 per quart. In a week where she picks 1053 quarts, find her total piecework wages.
What is $263.25?
100
What does SMART stand for?
Specific Measurable Attainable Relevant Timely
200
two times the regular hourly rate
What is double time hourly rate?
200
On average, these people tend to earn the least amount of money in terms of yearly salary. (Think of gender and degree)
What are women with only a high school diploma? What are women without a high school diploma?
200
time and a half hourly rate formula
What is (1.5)(regular hourly rate)?
200
Juan is a finisher in a furniture plant. He is paid $1.25 for every coffee table he finishes and $.97 for every end table he finishes. Juan finished 232 coffee tables and 451 end tables this week. What is Juan’s gross pay for the week?
What is $741.97?
200
These goals tend to take the money money, time, and effort to accomplish.
What are long-term goals?
300
The money earned after deductions
What is take home wages or take home pay?
300
Martha, who earns $48,000 a year and is paid biweekly. Find the gross wages.
What is $1,846.15?
300
Tom Johnson worked 32 hours this week for $9.25 per hour. What is Tom's gross wages?
What is $296?
300
Debbie runs a carpet-cleaning service. She charges $15.95 per room. Last week she cleaned three rooms in one house, two in another house, and four in a third house. What was her total pay?
What is $143.55?
300
Ms. Sabino wants to go to the Philippines during WWII to witness the surrender at Mindanao before she is 30. Why is this goal not SMART?
What is not attainable?
400
• Offers a profession or vocation that becomes your life’s work. • Provides more than a paycheck. • Allows for advancement and professional growth. • Creates greater satisfaction and fulfillment.
What is a career?
400
Bill, who earns $35,000 a year and is paid semimonthly.
What is $1,458.33?
400
Jean works as a secretary for a local business. She is paid $10.50 per hour. She gets paid overtime for all hours over 40 a week. Last week she worked 45 hours. What is her gross pay for the week?
What is $498.75?
400
Michael delivers newspapers as a part-time job. He is paid $0.05 for each daily paper, Monday-Saturday, and .30 for each Sunday paper. He delivers 132 daily papers and 175 Sunday papers. What is his total pay for the week?
What is $92.10?
400
Ms. Becenti wants to cook dinner sometimes before she is 40. Why is this goal not SMART?
What is not specific? What is not timely?
500
education is one way to build ________________ building your _____________ increases your earning potential
What is HUMAN CAPITAL?
500
Jon Bradford earns $9.34 per hour as an insurance claims adjuster. What is his salary pay for the year if he works the following hours for 52 weeks: • Mon. – 8 hours • Tue. – 8 hours • Wed. – 6.5 hours • Thur. – 8.5 hours • Fri. – 7.25 hours
What is $18,577.26?
500
Cindy is paid $7.00 an hour for a regular 35-hour week. She receives overtime pay for any hours above this each week. This week Cindy worked 43 hours. What is her gross pay?
What is $329.00?
500
Ms. Sabino is a car salesperson and receives 8% of her total sales as commission. Her sales totaled $79,500 during a given week. Find her gross commission wages.
What is $6,360?
500
Write a SMART goal about what you want to do after you have retired from working.
(open response)