Business Math Rate and OT

When you work more than 40 hours, your employer will calculate your (a)   rate by taking the employees hourly rate and multiply it by ​ (b)  

• overtime
• 1.5
• 2
• gross wages
• net pay

The amount of money you make before taxes and any other deductions are removed is called your ​ (a)  

• gross wages
• salary
• net pay
• periodic pay

Your _________ pay is the amount you receive after all deductions are removed.

• Net

• gross wages

• periodic pay

• salary

The Fair Labors standards act established that _______ hours a week is considered workweek.

• 32

• 40

• 35

• 45

True or False: Federal law dictates that all employers must give employees time-and-a-half pay for overtime.

• True

• False

Calculate Nate's weekly gross pay given the following: He works 43 hours, his hourly rate is $10.50 an hour, and he makes time-and-a-half for all hours over 40 hours in overtime pay.

Mathematical Equivalence

ON

Emma is paid $10.25 per hour and is given time-and-a-half pay for all hours over 8 worked per day. If Emma worked 9 hours Monday, 7 hours Tuesday, 10 hours on Wednesday and 5 hours on Friday, what was her total gross pay for the week?

Mathematical Equivalence

OFF

If Adam has a weekly salary of $580, then he makes a)​ (a)   per year, b) ​ (b)   per month.

• $30,160
• $2,513.33
• $29,000
• $2,320
• $27,840
• $1,160

If David makes a salary of $750 biweekly, then he makes a) ​ (a)   yearly, b) ​ (b)   monthly and c)​ (c)   weekly.

• $19,500
• $1,625
• $375
• $18,000
• $1,500
• $406.25

Some companies will offer employees ​ (a)   for working on holidays. If Maddie's employer pays her $17.75 an hour, then she would make ​ (b)   an hour if she worked on a holiday.​

• double time
• $35.50
• triple time
• $53.25
• $26.63