Calculating Salaries

Narelle is paid a salary of $45 000 per year. Calculate her weekly pay.

• $865.38

• $965.65

• $864.38

• $662.78

Hourly rate is defined as:

• The amount of money earned during a full year
• The lowest pay rate allowed by law for each hour of work.
• The amount of money that is charged, paid, or earned for every hour worked: You pay a fixed amount perhour
• Getting payed 2 times a month

A customer service representative earns $13 an hour, and he works 52 hours a week. What is his weekly wage?

• $676
• $364
• $91
• $65

Luke earned a salary of $48,048 last year.
How much did he earn a month?

• $572
• $924
• $4004
• $6864

If a person makes $500 per week, how much money does he make per year?

• $23,100.00

• $5,000.00

• $26,000.00

• $6,000.00

If Cameron makes $24,000 per year, how much money does he make each month?

• $2,400.00

• $12,000.00

• $2,000.00

• $461.54

Gross pay is _________________________.

• money that has old yogurt and rotten tomatoes all over it.

• the amount of your paycheck after taxes and insurance.

• your pay before any deductions have been taken out.

• your annual salary.

Net pay is ____________________________

• the amount of money your make playing basketball.

• the amount of money you found in Dad's fishing net.

• the amount of your paycheck AFTER deductions like taxes, insurance and retirement savings have been taken out.

• the amount of your paycheck BEFORE any deductions have been taken out.

On an earnings statement (a pay stub), taxes, insurance and retirement savings are examples of _____________________.

• things I don't need to worry about.

• extra money an employee makes when they work overtime.

• deductions that are subtracted from my gross pay.

• deductions that are subtracted from my net pay.

Round to the nearest cent: $2.683

• $2.68

• $2.69

• $2.70