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Definitions
Salary Wages
Hourly Wages
Piecework and Commission Wages
Surprise!!!
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

When you work over your regular shift.

What is overtime?

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 before taxes.

What is gross 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

Difference between salary and hourly pay.

What is salary is fixed and hourly is paid by the hour?

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

Fornightly represents what?

What is biweekly or every 2 weeks.

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)