Salary Situations
Coalton earns an annual salary of $63,600. His salary is deposited in equal payments over 12 months. What is his gross monthly pay?
Gross monthly = $63,600 / 12 =$5,300.00
A worker earns $24.50 per hour and works 40 regular hours plus 4 overtime hours at time-and-a-half. Calculate the gross pay for the week.
Weekly pay = $24.50 x 40 =$980.00
Overtime = $24.50 x 1.5 =$36.75
Overtime pay = $36.75 x 4 =$147.00
Total = $980 + $147 =$1,127.00
A salesperson earns 7.5% commission on a sale of $6,800. Calculate the commission earned.
Commission = Sales x Commission Rate
C = $6800 x 0.075=$510.00
A truck driver earns $0.42 per kilometre and drives 670 km in a 11-hour day. Calculate the average hourly earnings.
Total amount for 670 km = $0.42 x 670=$281.40
Hourly = $281.40 / 11 =$25.58
A worker earns $26.40 per hour and receives $950.40 in gross pay, with no overtime. How many hours did they work?
$950.40 ÷ $26.40 = 36
A teacher works 190 days during the school year, averaging 8 hours per day including preparation and marking. If their annual salary is $79,800, calculate their hourly rate of pay.
Daily pay = $79,800 / 190 =$420.00
Hourly pay = $420 / 8 =$52.50
Marcus earns $28.40 per hour with double time for overtime after 38 hours. He works 46 hours in one week. Calculate his gross weekly pay.
Regular weekly = $28.40 x 38 =$1,079.20
Overtime = $28.40 x 2 =$56.80
Overtime pay = $56.80 x 8 =$454.40
Total = $1079.20 + $454.40 =$1,533.60
A salesperson earns 8.5% commission and receives $297.50 for selling a dining table. What was the selling price of the table?
Commission = Sales x Commission Rate
$297.50 = S x 0.085
$297.50/ 0.085 =$3,500.00
An artist earns $4.20 for each stencil produced. They make 85 stencils, and materials cost $0.45 per stencil. Calculate gross earnings and earnings after material costs.
Gross earnings = $4.20 x 85 =$357.00
Materials cost = $0.45 x 85 =$38.25
Net pay = $357 - $38.25 =$318.75
A worker earns $25.20 per hour and receives $1,159.20 in gross weekly pay. Their regular workweek is 40 hours, with overtime at time-and-a-half. How many overtime hours did they work?
Regular = 40 × $25.20 = $1,008
Overtime earnings = $151.20
Overtime rate = $37.80
Hours = $151.20 ÷ $37.80 = 4
Chloe receives $2,475 every two weeks. Her colleague receives $2,600 twice per month. Who earns more annually, and by how much?
Colleague's annual = $2600 x 24 =$62,400.00
Chloe receives more by = $64,350 - $62,400 =$1,950.00
Dan earns $1650 in one week from an hourly pay of $25 plus overtime. How many overtime did Sam work if 38.5 hours is a regular workweek and overtime is worth time and a half?
Regular workweek = $25 x 38.5 =$962.50
Overtime = $25 x 1.5 =$37.50
Extra made = $1650 - $962.50 =$687.50
Overtime hours = $687.50 / $37.50 =18.333 hours
A salesperson earns 6.5% commission on the first $10,000 in sales and 9% on any additional sales. If their monthly sales are $17,400, calculate their commission.
Commission on first $10,000 = 10,000 x 0.065 = $650
Commission on additional = 0.09 x $7400 = $666
Total = $650 + $666 =$1,316.00
A delivery driver earns $0.42 per kilometre. They drive 725 km on Monday, 680 km on Tuesday, and 595 km on Wednesday, working 25 hours altogether. What is their average hourly earnings?
Total km = 725 + 680 + 595 = 2000 km
Earnings = $0.42 x 2000 =$840.00
Hourly earnings = $840/ 25 =$33.60
A worker earns $30.20 per hour and is paid twice per month for a regular 36.5-hour workweek. During one half-month pay period they work 5 overtime hours paid at double time. Calculate their gross pay for that half-month period.
Annual regular earnings = 36.5 × 52 × $30.20 = $57,319.60
Regular semi-monthly pay = $57,319.60 ÷ 24 ≈ $2,388.32
Overtime = 5 × ($30.20 × 2) = $302
Total ≈ $2,690.32
A teacher earns $86,400 annually and works 192 days per school year, averaging 8.5 hours daily. (a) Calculate the hourly rate. (b) Find the gross pay per cheque if paid twice per month.
Daily pay = $86400 / 192 =$450.00
Hourly = $450 / 8.5 =$52.94
Gross pay = $86,400/ 24 =$3,600.00
A worker receives an annual salary of $61,360, paid every two weeks. Their regular workweek is 39 hours, with overtime at time-and-a-half. During one two-week period they work 6.5 overtime hours. Calculate their hourly rate and total gross pay.
Payment for every 2 weeks = $61,360/26 =$2,360.00
Regular workweek = 39 hours
2 weeks of hours : 2 x 39 = 78 hours
Hourly = $2,360/78 =$30.26
A salesperson earns 6.5% on the first $12,000 of monthly sales, 8.75% on the next $8,000, and 11% on additional sales. If monthly sales total $26,500, calculate the total commission.
$12,000 × 0.065 = $780
$8,000 × 0.0875 = $700
$6,500 × 0.11 = $715
Total = $2,195
A baker earns $5.25 for every cupcake produced. Each takes 15 minutes to decorate, and materials cost $0.80 per cupcake. If they produce 250 cupcakes, calculate (a) gross earnings, (b) net earnings, and (c) hourly earnings
Gross = $5.25 x 250 =$1,312.50
Materials = $2.30 x 250 =$575.00
After materials = $1312.50 - $575 =$737.50
Time = 250 × 15 ÷ 60 = 62.5
Hourly = $737.50 ÷ 62.5 =$11.80
A worker earns $28.80 per hour for a regular 38-hour workweek. Overtime is paid at time-and-a-half. During a two-week pay period, they receive $2,668.80 in gross pay, including a $180 bonus. How many overtime hours did they work?
Regular = 76 × $28.80 = $2,188.80
Subtract regular pay and bonus: $2,668.80 − $2,188.80 − $180 = $300
Overtime rate = $28.80 × 1.5 = $43.20
Overtime hours = $300 ÷ $43.20 ≈ 6.94
Two teachers have the same annual salary of $84,000. Teacher A works 190 days at 8 hours daily. Teacher B works 195 days at 8.5 hours daily. Calculate both hourly rates and determine how much more per hour the higher-paid teacher earns.
Teacher A = $84,000 / 190 =$442.11
Hourly = $442.11/8 =$55.26
Teacher B = $84000/195 =$430.77
Hourly = #430.77 / 8.5 =$50.679
Sheila earns $29.60 per hour. During a two-week period, she works 80 regular hours, 7 hours at time-and-a-half, and 4 hours at double time. She also receive a $185 bonus. Calculate her total gross pay.
Two week period = $29.60 x 80 =$2,368.00
Overtime (1.5) = $29.60 x 1.5 x 7 =$310.80
Overtime (2) = $29.60 x 2 x 4 =$236.80
Total gross pay = $2368 + $310.80 + $236.80 =$2,915.60
A salesperson earns 7% on the first $8,000 of sales, 9% on the next $7,000, and 12% on any additional sales. Their monthly commission was $1,790. Determine their total sales.
First tier: $8,000 × 0.07 = $560
Second tier: $7,000 × 0.09 = $630
Remaining commission = $1,790 − $1,190 = $600
Additional sales = $600 ÷ 0.12 = $5,000
Total sales = $8,000 + $7,000 + $5,000