Income

Front

What is income?

Back

Income is the money received, especially on a regular basis, for work or through investments.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

How do you calculate hourly earnings?

Back

Hourly earnings are calculated by multiplying the hourly wage by the number of hours worked.

Tags

CCSS.7.EE.B.3

Front

If Jilli worked from 9am to 3pm at $9.23 per hour, how much did she earn?

Back

$55.38

Tags

CCSS.7.NS.A.3

Front

How do you determine the number of hours worked?

Back

Subtract the start time from the end time to find the total hours worked.

Tags

CCSS.3.MD.A.1

Front

If Sam started at 6:00am and left at 3:00pm, how many hours did he work?

Back

9 hours

Tags

CCSS.3.MD.A.1

Front

What is a straight commission?

Back

A straight commission is a payment structure where an employee earns a percentage of the sales they generate.

Front

How do you calculate commission pay?

Back

Commission pay is calculated by multiplying the total sales by the commission rate.

Tags

CCSS.7.RP.A.3

Front

If you earn a 15.8% commission on $1,600.00, what is your commission?

Back

$252.80

Tags

CCSS.6.RP.A.3C

Front

Why are salespeople often paid on commission?

Back

They are incentivized to increase sales and revenue.

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

Front

What is the difference between salary and commission?

Back

Salary is a fixed regular payment, while commission is variable and based on performance.