Hourly Pay
His hourly rate is $11.25
What are all times rounded to when paychecks are calculated?
The nearest 15 minutes or 1/4 hour
How many hours do you typically need to work to receive overtime pay?
40+ Hours
Give three examples of piecework
Examples:
Washing Cars
Mowing Lawns
Selling Baked Goods
Change this percent into a decimal.
45%
.45
How many paychecks will you receive in a year if you are paid weekly?
52 paychecks
What is the formula for calculating straight-time pay?
Straight Time Pay= Hourly Rate x Hours Worked
You clock in at 7:27 am and clock out at 3:20pm. How many hours will you get paid for? (rounded to nearest 15 minute)
7 hours and 45
or
7:45
or
7.75 hours
What is the rate for time and half?
*Hint: I am looking for a number*
1.5
What is the formula for piecework?
(Pieces x Rate) = Paycheck Amount
Change this percent into a decimal.
5%
0.05
Which method will give you more paychecks in a year bi-weekly or semi-monthly?
bi-weekly = 26
semi-monthly = 24
So bi-weekly will give you 2 more paychecks in a year
Ian's hourly rate is $9.25. Last pay period Ian worked 20 hours. What is his straight-time pay?
His straight-time pay is $185.00
You clock in at 6:38am and clock out for lunch at 11:55am. How many hours will you get paid for?
5:30
or
5 hours and 30 minutes
or
5.5 hours
What is the rate for double time?
2
Daniel works at a barber shop. He charges $22 per haircut. On Monday, he gave 15 haircuts. What is his total pay?
$330
Change this percent into a decimal
3.25%
0.0325
As an teacher you receive an annual salary of $59,000. If you are paid bi-weekly how much will each paycheck be? (round to the nearest penny)
$2269.23
Destinee's hourly rate is $11.10. She worked 35 hours last pay period. What is Destinee's straight-time pay?
$388.50
You clock in at 8:43am and out at 11:25 for lunch. After lunch, you clock in at 12:08 and leave for the day at 5:22pm. Ho many total hours will you be paid for today?
2:45 in the am and 5:15 in the pm for a total of 8 hours
Alexander worked 47 hours last week at the local Amazon warehouse. If he gets paid $15.00 an hour. How much did he earn in overtime wages? His rate is 1.5.
$157.50
Omill details cars at a car shop. Omill charges $40 per car. If Omill details 5 cars, how much is his total pay?
$200
Charlie earns a 2% commission on all of his car sales for the month. If he sold $328,890 worth of cars. How much did he earn this month?
$6577.80
You are given a choice between a salary of $36,000 a year or an hourly wage of $18.25 an hour. Assuming both jobs are the same and you will work 40 hours a week, 50 weeks a year, which job will pay more?
Hourly = $36,500 per year
Dolan earns $13.10 per hour. He worked 32 hours. His straight-time pay for the week was $419.20. How many hours would Dolan need to work to earn straight-time pay of $497.80?
38 Hours
Alexander worked 47 hours last week at the local Amazon warehouse. If he gets paid $15.00 an hour. How much did he earn in regular, overtime and total wages?
Regular- $600
Overtime- $157.50
Total-$757.50
Austin is selling cupcakes and cookies. Austin charges $0.50 per cupcake and $0.25 per cookie. Austin sold 12 cupcakes and 18 cookies. How much did he make total?
$10.50
Kelly works on commission and earns 2.9% on stock sales but is also guaranteed a weekly salary of at least $1500. This week she sold $59,812 worth of stock. She is paid either $1500 or her commission, whichever is larger. How much should Kelly get paid this week?
59812x 0.029 = $1711
The commission is bigger, so she earns $1711
You agree to work as a civil engineer and make $85,000 a year. You are paid monthly. How much will each paycheck be?
$7083.33