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Your Reward for Hard Work Your paycheck should reflect your gross income.

Your Reward for Hard Work Your paycheck should reflect your gross income. Why is it important to know how to calculate your gross income?. Lesson Objective Calculate straight-time pay. Content Vocabulary. hourly rate. hourly rate A fixed amount of money for each hour you work.

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Your Reward for Hard Work Your paycheck should reflect your gross income.

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  1. Your Reward for Hard Work Your paycheck should reflect your gross income. Why is it important to know how to calculate your gross income?

  2. Lesson Objective Calculate straight-time pay. Content Vocabulary • hourly rate hourly rate A fixed amount of money for each hour you work. straight-time pay The total amount of money you earn for a pay period at the regular hourly rate. gross income The total amount you are paid during a pay period. • straight-time pay • gross income

  3. Example 1 Shawna Jackson is a mail clerk. She earns $8.40 per hour. Last week she worked 40 hours, and this week she worked 39½ hours. What is her straight-time pay for each week?

  4. Example 1 Answer Step: Find the straight-time pay. Last week: $8.40 × 40 = $336.00 This week: $8.40 × 39½ =$331.80

  5. Example 1 Answer Step: Find the straight-time pay. Last week: $8.40 × 40 = $336.00 This week: $8.40 × 39½ =$331.80

  6. Practice 1 Izumi is a musician. She earns $35.00 per hour. She works 32½ hours. What is her straight-time pay?

  7. Practice 1 Answer $1,137.50

  8. Practice 2 Steve is a plumber. He earns $28.75 per hour. He works 39¾ hours. What is his straight-time pay?

  9. Practice 2 Answer $1,142.81

  10. Lesson Objective Calculate straight-time, overtime, and total pay. Content Vocabulary • overtime pay overtime pay Extra pay for hours worked beyond the regular number of hours. time and a half An overtime pay rate of 1½ times the regular hourly rate. double time An overtime pay rate of twice the regular hourly rate. • time and a half • double time

  11. Example 1 Alonso Perez is paid $8.20 an hour for a regular 40-hour week. His overtime rate is 1½ times his regular hourly rate. This week Perez worked his regular 40 hours plus 10 hours of overtime. What is his total pay?

  12. Example 1 Answer: Step 1 Find the straight-time pay. Hourly Rate ×Regular Hours Worked $8.20 ×40 = $328.00

  13. Example 1 Answer: Step 2 Find the overtime pay. Overtime Rate ×Overtime Hours Worked (1.5 ×$8.20) ×10 = $123.00

  14. Example 1 Answer:Step 3 Find the total pay. Straight-Time Pay + Overtime Pay $328.00 + $123.00 = $451.00

  15. Practice 1 Jiwon Chang earns $11.70 per hour plus time and a half for overtime. Last week he worked his regular 40 hours plus six hours on the weekend. What is his total pay for the week?

  16. Practice 1 Answer $573.30

  17. Practice 2 Nadia Campana earns a regular hourly rate of $23.60. She earns double time for work on Sundays. Last week she worked her regular 36-hour week plus 7½ hours on Sunday. What is her total pay for the week?

  18. Practice 2 Answer $1,203.60

  19. Lesson Objective Calculate the total hours on a weekly time card. Content Vocabulary • weekly time card weekly time card A daily record of the time you report to work and the time you depart.

  20. Example 1 Gail Stough is required to keep a weekly time card. What are her daily hours for September 18? What are her total hours for the week?

  21. Figure 1.1

  22. Example 1 Answer:Step 2 Find the total hours for the week. Sum of daily hours 8 + 8¼ + 7½ + 8¼ + 8 8 + 8¼ + 7½ + 8¼ + 8 = 39 + 4/4 = 40 total hours

  23. Practice 1 Jamal Parker works at a company that uses military time. Thus, 1:00 P.M. is shown as 13:00, 2:00 P.M. as 14:00, etc. On Monday, October 1, Jamal worked from 8:02 to 11:47 and from 13:08 to 17:06. How many hours did he work on Monday? How many hours did he work rounded to the nearest quarter hour?

  24. Lesson Objective Compute total pay on a piecework basis. Content Vocabulary • piecework piecework A worker receives a specified amount of money for each item of work completed.

  25. Example 1 Ramon Hernandez works for National Cabinet Company. He is paid $8.00 for each cabinet he assembles. Last week he assembled 45 cabinets. This week he assembled 42. What is his pay for each week?

  26. Example 1 Answer Step: Find the total pay. Last week: $8.00 × 45 = $360.00 This week: $8.00 × 42 = $336.00

  27. Practice 1 Gabrielle Santos is a little league umpire. He earns $20 per game on weekdays and $25 per game weekends. He umpires 14 weekday games and 3 weekend games. What is his total pay?

  28. Practice 1 Answer $355.00

  29. Practice 2 J. Belconis 124 items produced Rate per item $.89 What is the total pay?

  30. Practice 2 Answer $110.36

  31. Lesson Objective Determine salary per pay period. Content Vocabulary • salary salary A fixed amount of money earned on a regular basis.

  32. Example 1 Beth Huggins is a computer programmer. Her annual salary is $42,648. What is her monthly salary? What is her weekly salary?

  33. Example 1 Answer Step: Find the salary per pay period. Monthly: $42,648.00÷12 = $3,554.00 Weekly: $42,648.00 ÷ 52 = $820.15

  34. Practice 1 Michelle Giuseffi is a police officer. Her annual salary is $40,560. What is her biweekly salary?

  35. Practice 1 Answer $1,560

  36. Practice 2 Colin Evans is a hotel desk clerk who earns an annual salary of $21,216. What is his weekly salary?

  37. Practice 2 Answer $408

  38. Lesson Objective Calculate straight commission and determine gross pay. Content Vocabulary • commission commission The amount of money paid for selling a product or service. commission rate A specified amount of money paid for each sale or a percent of the total value of sales. straight commission Pay that consists only of money earned from sales. • commission rate • straight commission

  39. Example 1 Milton Arps sells real estate at a 7½percent straight commission. Last week his sales totaled $290,000. What was his commission?

  40. Example 1 Answer Step: Find the commission. Total Sales ×Commission Rate $290,000 ×7½% $290,000 ×0.075 = $21,750

  41. Example 2 Owen Theil is guaranteed a minimum salary of $250 a week, or 7 percent of his total sales, depending on whichever is greater. What was his gross pay for a week in which his total sales were $3,614?

  42. Example 2 Answer: Step 1 Find the commission. Total Sales ×Commission Rate $3,614 ×7% = $252.98

  43. Example 2 Answer: Step 2 Find the gross pay. Salary or Commission $250 or $252.98 Gross pay is $252.98 (the greater amount).

  44. Practice 1 Jermaine Dixon sells electronic equipment. He receives a straight commission of 6½ percent of his total sales. What commission will he receive in a week where his sales total $12,416?

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