Calculating Wages
Flashcard
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
+2
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is gross pay?
Back
Gross pay is the total amount of money earned by an employee before any deductions such as taxes, insurance, or retirement contributions.
Tags
CCSS.6.NS.B.3
2.
FLASHCARD QUESTION
Front
How do you calculate gross pay for hourly workers?
Back
Gross pay for hourly workers is calculated by multiplying the number of hours worked by the hourly wage.
Tags
CCSS.7.EE.B.3
3.
FLASHCARD QUESTION
Front
What is overtime pay?
Back
Overtime pay is the additional compensation paid to employees who work more than a standard number of hours, typically over 40 hours in a week.
Tags
CCSS.6.RP.A.3B
4.
FLASHCARD QUESTION
Front
How is overtime pay calculated?
Back
Overtime pay is usually calculated at a rate of 1.5 times the regular hourly wage for hours worked beyond the standard 40 hours.
Tags
CCSS.6.RP.A.3B
5.
FLASHCARD QUESTION
Front
If an employee works 42 hours at a rate of $10 per hour, what is their gross pay?
Back
$420 (42 hours x $10/hour).
Tags
CCSS.7.EE.B.3
6.
FLASHCARD QUESTION
Front
What is the formula to calculate gross pay including overtime?
Back
Gross Pay = (Regular Hours x Regular Rate) + (Overtime Hours x Overtime Rate).
Tags
CCSS.7.EE.B.3
7.
FLASHCARD QUESTION
Front
What is the regular pay rate?
Back
The regular pay rate is the standard hourly wage that an employee earns for their normal working hours.
Tags
CCSS.6.RP.A.3B
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