Straight Time Pay/Overtime Pay
a fixed amount of money earned every hour
Hourly Rate
working more than your regular hours
overtime
A term that refers to a 12 pay periods is called
monthly
Alfred sells cars for a living. He is paid 3% on his total sales. Last week his total sales were $36,000. How much did he earn in commission?
$1080.00
total amount of money you earn for a pay period at the hourly rate
Hourly Rate x Hours Worked= ??????
Straight Time Pay
overtime rate is 2 times the regular hourly rate
Double Time
If you get 52 pay periods in a year.
weekly
Mark works at a hardware store. His total sales were $5800. He earns 5 1/2% commission on all sales. How much did he earn in commission?
$319.00
Hourly rate x Hours worked = Straight-time Pay
Devon gets paid an hourly rate of $9.50 an hour.
Last week he worked 40 hours.
What is his straight time pay?
$380
overtime rate is 1 ½ or 1.5 times the regular hourly rate
Time and a half
Giolmarie earns $440 per week. Her commission is 7% of her sales. If her sales last week were $2549.
What is her weekly salary?
$618.43
Hourly rate x Hours worked = Straight-time Pay
Philip gets paid an hourly rate of $10.00 an hour.
Last week he worked x hours.
His straight time pay for the week was $360.00.
How many hours did Philip work last week?
36 hours
Devin Sucku is paid $8.20 an hour for a regular 40-hour work week. His overtime rate is 1.5 times his regular hourly rate. This week Devin worked his regular 40 hours plus 10 hours of overtime. What is his total pay?
$451.00
26 pay periods in a year
bi-weekly
$349.90
Hourly rate x Hours worked = Straight-time Pay
Josh gets paid an hourly rate of $x an hour.
Last week he worked 26 hours.
His straight time pay for the week was $312.00.
What is Josh's hourly rate?
$12.00 an hour
Justin earns $11.50 per hour. He worked 40 hours, plus time and a half 1.5 for 7 hours. Find the total pay.
$580.75
Alfred earns $826.00 semi-monthly. His yearly salary would be....
$19,824 a year
You have been offered a job selling furniture that pays 9% commission plus a base salary of $15,000 a year. For this job, you will sell an average of $3,800 worth of furniture a week.
You need to earn at least $32,000 a year to cover all your living expenses.
Should you accept this job?
Step 1: Find your weekly commission
Step 2: Find your yearly commission salary
Step 3: Combine yearly salary with yearly commission salary.
Yes, you will make $32,784 selling furniture