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Ch 1 Gross Pay

Ch 1 Gross Pay. 1.1 Hourly Pay and Salary. Obj: calculate gross pay for hourly-rate and salaried employees. Vocab. Employer: person or company that hires Employee: person who works for others Hourly rate: cost/hr; salary/pay period Gross pay: total amount of money earned

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Ch 1 Gross Pay

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  1. Ch 1 Gross Pay

  2. 1.1 Hourly Pay and Salary • Obj: calculate gross pay for hourly-rate and salaried employees

  3. Vocab • Employer: person or company that hires • Employee: person who works for others • Hourly rate: cost/hr; salary/pay period • Gross pay: total amount of money earned • Salary: fixed amount of money

  4. Gross pay for hourly employees • Determine rate/hr • Determine # of hr • Multiply rate/hr times # hr • (Rate/hr) (# hr) = gross pay

  5. Erynn worked as a waitress for 38 hours last week and earned $6.25/hr. What was her gross pay?

  6. Gross pay for salaried employees • Determine salary/pay period • Determine # pay periods • Multiply salary times # pay periods • (salary/period ) ( # periods)

  7. Reba works for ACR as a human resources manager earning $4531/month. What is her salary in a year?

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