Vocabulary
The amount of money you earn per hour
hourly rate
Hourly rate $8.40 x 40 hours worked = ______ straight time pay
$336
60 haircuts at $12 each
$720
Pedro earns an annual salary of $65,000. What is his monthly salary?
$5,416.67
Bonnie sells clothing. Her commission rate is 7.5%. Last month her sales were $10,875. What was her commission?
$815.63
If you work more than your regular hours you may be eligible for this.
overtime pay
Mark works for $8.40 an hour. If he worked 39 hours last week, what was his straight time pay?
$327.60
$3.00 per item x 100 items produced
$300
Sally earns an annual salary of $96,000. What is her weekly salary?
$1,846.15
The first step when finding the commission is
changing the percent into a decimal
In order to determine your straight _______, you need to multiply your total sales by the rate.
commission
Mr. Young makes $9.00 per hour. If he worked 30 hours last week what was his straight-time pay?
$270
Mark earns $3.05 for each delivery. Yesterday he made 136 deliveries. What was his total pay?
$414.80
Jake earns a semimonthly salary of $3,469. What is her annual salary?
$83,256
9 3/4 % written as a decimal is
0.0975
The fixed amount of money you earn on a regular basis.
salary
Alonzo is paid $8.20 an hour for a regular 40 hour week. His overtime rate is time and a half his regular hourly rate. This week Perez worked his regular 40 hours plus 10 hours overtime. What is his total pay?
$451
$0.15 per item x 1,495 items produced
$224.25
What are the four types of pay periods and how many pay periods do they each have per year?
Weekly: 52
Biweekly: 26
Semimonthly: 24
Monthly: 12
Eric earns a commission rate of 6% for the first $6,500 in sales and 9% on sales over $6,500. Find the total graduated commission on sales of $10,500.
$750
When you are paid for each item of work that you produce
Piecework
Lisa earns $9.50 per hour for 40 hours and double time for overtime. If she worked 5 hours overtime, what was her total pay?
$475
Vidia earns $2.57 per CD that she boxes for shipment. On Saturday, she boxed 45 CDs. On Monday, she boxed 40 CDs. What was her total pay?
$218.45
Molly makes a biweekly salary of $4,980. What is her annual salary? What is her monthly salary?
Annual Salary: $129,480
Monthly Salary: $10,790
Ashley earns a commission rate of 4% for the first $2,000 in sales, 7% on sales over $2,000, and 8.5% on sales over $5,000. Find the total graduated commission on sales of $8,000.
$545