Definitions
Plan that helps people track their spending
Budget
The amount Todd would earn if he works 30 hours, gets a salary of $4.25/hour and earns $450 in tips during that time?
$577.50?
The amount you earn in a month if you make $36,000 in a year.
$3,000
The amount you earn if your regular salary is $10 an hour and your usual hours worked are 40, but this week you had to work an extra 10 hours?
$550?
What you actually make in weekly salary if you earn $400 a week, but are required to cover your fuel costs which average $50 a week?
$350
Money that you have coming in from working
Income
What Amy will earn total if she works 40 hours at $15.30 an hour, and she also earns $195 in tips?
$807
The amount you make in a 40 hour a week job if your hourly salary is $10.00.
$400.00
The normal way of paying overtime to employees
1.5/ Time in a half
What you actually earn in a year if your yearly salary is $26,000 but you have to purchase uniforms totally $350 for the year, and you have to spend $250 a year having them drycleaned weekly?
$25,400
What you spend your income on
Expenses
What Cindy will earn total if she works 40 hours at $3.75 an hour, and she also earns $200 in tips?
$350
The amount you will make if you work 30 hours a week for $15.00 an hour.
$450
Hours worked: 77
Pay Rate: $5.78
What is the total wage for the week?
$551.99
The actual yearly salary you make if you yearly salary is $28,000 but you have to buy tools that cost $450?
$27,550
Income that you see on your pay stub but its before taxes
Gross Income
The amount Cameron would earn if he works 35 hours, gets a salary of $8.75/hour and earns $200 in tips during that time?
$506.25
What is the annual salary of someone who makes $9.00 an hour on a 40 hour a week job. (Remember there are 52 weeks in a year).
$18,720
Hours worked: 101
Pay Rate: $12.50
What is the total wage for the week?
$1643.75
The amount you earn if you make $18,000 a year, but have to purchase 2 uniforms costing $36 a piece.
$17,928
Costs that change based on use
Variable Expense
The amount Reggie would earn if he works 40 hours, gets a salary of $13.25/hour and earns $216 in tips during that time?
$746
The amount you earn hourly if you make $725 in a 40 hour week.
$18.12/hour
Hours worked: 52 (5 on Sunday)
Pay Rate: $8.00
What is the total wage for the week?
(remember that Sunday is 2x)
$484
What you actually earn in a year if your yearly salary is $75,000 but you have to purchase tech equipment that totals $17,500 for the year, and you have to spend $2500 a year having a house cleaner weekly?
$55000