Gross hourly pay

Gross hourly pay

weekly hourly pay formulas

• regular pay = (regular pay rate)(number of hours worked)

• overtime pay = (hours over 40)(regular pay x 1.5 or OT rate)

• gross pay = regular pay + overtime pay

Time units

• 1 week = 5 week days and 2 weekend days

• 1 year = 52 weeks

• 1 year = 12 months

Yearly pay

• (weekly pay)(52 weeks)

• (monthly pay)(12 months)

• 
  

Monthly Pay

• Average monthy pay = Yearly pay / 12 months

• Safe monthly pay = Weekly pay x 4

• Typical monthyly pay is what you are guaranteed to receive each month

Multiple Choice

Jose works as a dentist and makes $15.65 per hour. Jose works 44 hours each week. Calcualte the gross pay per year, assume not OT.

• $6,886

• $688.60

• $4,820.20

• $35,807.20

Multiple Choice

Eli makes $26.23 per hour. He works 5 hours a day during the week and 11 hours a day on the weekend. How many hours a week does Ryan work?

• 16

• 46

• 27

• 47

Multiple Choice

Eli makes $26.23 per hour. He works 5 hours a day during the week and 11 hours a day on the weekend. How much does Eli gross each year? Assume no OT.

• $10098.55

• $6819.80

• $64106.12

• $1442.65

Multiple Choice

Joe make designer hats for aliving. Joe earns $58 per hat produced. What type of pay is this?

• Hourly

• Piecework

• commission

• salary

Multiple Choice

Joe make designer hats for aliving. Joe earns $58 per hat produced. If Joe made 20 hats last month, how much did Joe earn?

• $928

• $1392

• $78

• $1160

Multiple Choice

Eric nets $370 per week. How much does Eric earn per month on average? To be safe, how much should he estimate as income in a typical month?

• Avg: $1480; Safe: $801.67

• Avg: $1603.33; Safe: $801.67

• Avg: $801.67; Safe: $740

• Avg: $1603.33; Safe: $1480

Multiple Choice

Julie plublished a CD which sold for $36.00. Julie recieves a 1.14% royalty based upon the 22,000 total sales. How much will Julie get in royalties?

• $90288

• $69473684.21

• $9028.80

• $694736.84

Multiple Choice

Gabby makes $27.63 per hour. She works 6 hours for 3 days a week. Calculate the gross pay per year.

• $497.34

• $25861.68

• $8620.56

• $3481.38

Multiple Choice

Joe is paid a monthly commission. Joe gets 9.7% of the first $250 in sales, and 11% of the rest. If Joe sold $570, how much commission should Joe get for the month?

• $55.29

• $58.54

• $59.45

• $62.70

Multiple Choice

Max nets $1040 every other week. How much does Max earn per month on average? To be safe, how much should Max estimate as income in a typical month?

• Avg: $4506.67; Safe: $2253.33

• Avg: $4506.67; Safe: $2080

• Avg: $4506.67; SAfe: $4160

• Avg: $2253.33; Safe: $2080

Multiple Choice

Zina makes $17.20 per hour. Zina works 10 hours every day. Calculate the gross pay per week.

• $1720

• $8944

• $1204

• $172

Multiple Choice

Jorge has an hourly rate of $47 per hour. Hear earns time-and-a-half for overtime and worked 56 hours last week. How much did Lenny earn?

• $3384

• $3008

• $3290

• $2632

Multiple Choice

In what way does a website designer earn money?

• royalty

• wage and tips

• contract

• piecework