Calculating Pay

Front

What is the formula to calculate total earnings from a piece rate?

Back

Total Earnings = Number of Items Produced × Earnings per Item

Front

If Jill earns $0.53 for each pair of pants and makes 240 pairs, how much does she earn?

Back

$127.20

Front

What is the formula to calculate gross pay for hourly workers?

Back

Gross Pay = Hourly Wage × Hours Worked

Front

If Dale works 68 hours at $15 per hour, what is his gross pay?

Back

$1,230

Front

What is the formula to calculate semi-monthly salary?

Back

Semi-Monthly Pay = Annual Salary ÷ 24

Front

If Michelle earns $66,000 a year, what is her semi-monthly pay?

Back

$2,750

Front

What is the time and a half rate for an hourly wage?

Back

Time and a Half Rate = Hourly Wage × 1.5

Front

If Chris earns $30.00 an hour, what is his time and a half rate?

Back

$45.00

Front

What is a piece rate?

Back

A piece rate is a payment method where workers are paid a fixed amount for each unit they produce.

Front

What does gross pay include?

Back

Gross pay includes all earnings before any deductions such as taxes or benefits.