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WorksheetsEarnings Calculations
Total questions: 81
Worksheet time: 7hrs 41mins
Bobs first job pays him 16.75 per hour. If he works 40 hours each week, find his weekly income.
$450
$220
$670
$675
Mr. Jane earns a salary of $65,875 annually , how much does he earn each week
$1266.83
$2234.675
$600
$1263.41
What is a salary?
Loan
a fixed regular payment, typically paid on a monthly basis
Money
4790
What is a wage?
$20,000
$4,000
payment to someone
a fixed regular payment earned for work or services
Carla's job pays her $20.50 per hour. If she works 22 hours each week find the weekly income
$451
$223
$110
$440
Luke earns a salary $42,272. How much does he earn for month?
$11,130.22
$812.92
$23,333.50
$3,522.67
James first job pays him $11 per hour. If he works 10 hours each work find his weekly income
$111
$110
$200
$450
Erin first job pays her $20 per hour. If she works 24 hours each week find her weekly income
$410
$420
$485
$480
Victoria's first job pays her $20 per hour. If she works 45 hours each week find her income. Remember that every hour above 40 hours of work is considered overtime and should be paid 1.5 times more.
$100
$900
$950
$65
Loren's earns a salary of $67,325. How much does she earn each month?
$5,610.40
$3,320.60
$5,620.40
$2,805.21
Mr. Jane earns a salary of $65,875 annually, how much does he earn monthly
$1266.83
$2234.675
$5,489.58
$1263.41
Narelle is paid a salary of $45 000 per year. Calculate her weekly pay.
$865.38
$965.65
$864.38
$662.78
The amount of money that is charged, paid, or earned for every hour worked: You pay a fixed amount per hour
How much did he earn a month?
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
Gail earns $10.50 per hour and worked 32 hours this week. What is her weekly pay?
$336.00
$340.50
$420.00
Rodney earns $8.45 per hour. Last week he worked 38 hours. What is his weekly pay?
$313.50
$321.10
$338.00
What does annually mean?
always
yearly
salary
wages
As a university professor, Gabrielle earns $84,000 per year. What will be Abe's pay if he is paid per month?
$84,000
$7,000
$3,500
What is the main difference between GROSS pay and NET pay?
Gross pay is what you get after taxes, while Net pay is before taxes
Gross pay is before taxes, while Net pay is what you get after taxes
Gross pay is the % that your employer matches for retirement
Gross pay is how much you have to pay in taxes every pay period
Which pay do you see on your actual paystub / in your bank account on payday??
GROSS PAY
NET PAY
Jeremy works a full time job (standard is 40 hours a week) and sometimes has opportunities to make overtime pay. His regular salary is $9.20/hour.
Jeremy worked 33 hours this week.
Calculate Jeremy’s GROSS PAY.
$272.50
$368.25
$303.60
$763.95
Jeremy works a full time job (standard is 40 hours a week) and sometimes has opportunities to make overtime pay. His regular salary is $9.20/hour.
Jeremy worked 45 hours this week.
Calculate Jeremy’s regular GROSS PAY NOT including OVERTIME PAY.
$368
$69
$437
$414
If you made $1480 bi-weekly, what is your hourly wage?
(a)
Fionah is paid $16.50 /hour. If she made $462, how many hours did she work?
(a)
Jayden works from 7 am to 2:45 pm and earns $18.20/ hour. How much did he make that day?
(covert hours to decimal)
(a)
How long was Abby's shift if she starts at 8 am and goes to 11 am, then comes back to work from 4 pm to 8:30 pm? (express in hours)
(a)
How long is Jack's shift if he starts at 10:30am and finishes at 5:15 pm?
(Convert time to a decimal)
6.45
6.25
6.75
7
The time 3:15 is that same as what decimal (fraction of an hour)?
(a)
To calculate your weekly wages...
Trust your boss to just pay you enough
Divide your annual pay by the number of hours you work in a week.
Multiply your hourly pay by the number of hours you work each week.
Take your hourly pay times the number of hours you work a day.
Salary pay means...
You multiply your hourly wage by the number of hours you work.
You only earn that amount of money in a year - regardless of the hours you work.
You qualify for a lot of overtime and will make tons of money!
You qualify for job-supplemented health insurance.
The equation we use to calculate weekly pay is...
$ hourly pay x # of hours worked that week
$ hourly pay x # of hours worked that month
$ hourly pay x 52 weeks in a year
Salary / # of hours worked
If you have a SALARIED job that pays $45,000 a year, the calculation to find MONTHLY pay would be...
$45,000 x 52
$45,000 / 52
$45,000 / 12
$3,750 x 12
Overtime means...
You worked you scheduled hours and your boss can't ask you to come in to cover more shifts
You worked more than your scheduled hours and earn "pay and a half" for every hour above your normal schedule
You were paid more than you were supposed to, you'll have to pay it back later.
You worked more than your scheduled hours and earn "normal wages" for every hour above your normal schedule
If you work for $14.00 an hour and worked 60 hours in a week, you would calculate your salary with...
$14.00 x 60 x 1
$14.00 x 40 x 1.5
(($14.00 x 40) + ($21.00 x 20)) x 1.5
(($14.00 x 40) + ($14.00 x 20 x 1.5))
An employee who is paid monthly is paid _______ times a year.
12
24
6
26
Julie earns a yearly salary of $60,000. How much does she make monthly?
$300,000
$3,500
$5,000
You earn $550 weekly. How much do you make per year?
$23,500
$28,600
$29,200
$30,800
Bob earns $3,300 monthly. How much does he make in a year?
$275
$39,600
$36,000
How many times do you get paid in a year if you get paid weekly?
12
52
26
24
If you get paid monthly, how many times will you be paid in a year?
26
52
12
24
You got a new job and will earn $2750 per month. What is your yearly salary?
$16,500
$229
$33,000
You are making $780 per week. How much will you earn in a year?
$45,060
$20,280
$40,560
If you are paid $1,500 bi-weekly how much will you earn in a year?
$50,000
$78,000
$39,000
$36,000
Karolyn Yoder is paid a salary of $4,600 a month. What are her total annual earnings?
$5,520
$55,200
$53,700
A teaching assistant receives a yearly salary of $26,000. Find his weekly salary.
Arturo makes an annual salary of $58,000 . What would he make in 1 week?
$2,345
$1,115
$2,230
Jon is making $4,600 a month racing! How much does he make in 1 year?
$55,200
$55,000
$4,600
Jorge makes $3,000 a month, how much does he make a year?
$36,000
$33,000
$29,000
James makes $300,000 a year how much does he make a month?
$15,000
$25,000
$10,000
Jose makes $13 a week. If he works 40 hours a week for a whole year, how much does he make a year?
$30,000
$15,600
$12,000
$27,040
If I earn $3,120 per month, how much do I earn in a year?
$31,200
$34,320
$37,440
A ________________ is a fixed amount of money paid each pay period regardless of the amount of hours worked.
Hourly rate
Salary
Weekly wage
Harvey worked 36 hours this week. He earns $28.46 an hour. How much did he earn this week?
$1024.56
$1138.40
$1423.00
How many times a year do you receive a paycheck if you are paid biweekly?
52
26
24
12
Erin works as a manager of a store making $40,000 per year. What is her weekly salary?
$769.23
$3,333.33
$1,666.67
$1,538.46
Sarah is the owner of a cupcake store and has a salary of $75,000/year. What is Sarah’s biweekly salary?
$2,884.62
$3,125
$6,250
$1,442.31
Emily makes $72,000 per year as a fashion designer. If she gets paid monthly, how much does she make per paycheck?
$6,000
$1,384.62
$3,000
$2,769.23
Sue works at a museum with a biweekly salary of $1,600. What is her annual salary?
$41,600
$38,400
$19,200
$83,200
Billy has a choice of a job at Target that pays $300 per week or a job at Walmart paying $660 semimonthly. Based on pay only, which is the better paying job? Explain.
Walmart; it pays $240 more annually
Walmart; it pays $1,560 annually
Target; it pays $240 more annually
Target; it pays $1,560 annually
Raina needs to decide which ice cream store to work at. At Ice Cream Store A, she would be working 35 hrs per week, earning $10/hr. At Ice Cream Store B she has been offered a salary paying $600 biweekly. Which option should Raina take? Explain.
A because she would make $2,600 more per year
A because she would make $3,800 more per year
B because she would make $2,600 more per year
B because she would make $3,800 more per year
Biweekly is ____ pay periods per year
52
12
24
26
Weekly is ____ pay periods per year
52
12
24
26
Semimonthly is ____ pay periods per year
52
12
24
26
Jesse makes $8.50 per hour. For every hour over 40 hours he receives time and a half. He worked 47 hours last week. How much did Joe earn last week?
$399.50
$429.25
$599.25
$569.50
Steve earns $62500 annually, what is his biweekly salary?
$ 5208.00
$2403.85
$2603.80
$2403.84
If you get paid semi-monthly, how many times will you be paid in a year?
26
52
12
24
At his current job Josh is paid $25/hr and usually works 35 hours a week. He needs to decide if he is going to accept a new job offer that is paying a biweekly salary of $1,600 based on earnings only. Which option should Josh take? Explain.
New job, because he would make $18,500 more in a year.
New job, because his pay check would be $725 more.
His current job pays $3,900 more annualy.
New job, because he would be paid $3,900 more in a year.
Raina needs to decide which ice cream store to work at. At Ice Cream Store A, she would be working 35 hrs per week, earning $15/hr. At Ice Cream Store B she has been offered a salary paying $1000 biweekly. Which option should Raina take? Explain.
A because she would make $1,300 more per year
A because she would make $3,800 more per year
B because she would make $1,300 more per year
B because she would make $475 more in a week
Jacob has a choice of a job at Target that pays $300 per week or a job at Walmart paying $660 biweekly. Based on pay only, which is the better paying job? Explain.
Walmart; it pays $240 more annually
Walmart; it pays $15,600 annually
Walmart; it pays $1,560 more annually
Target; it pays $1,560 annually
Wage or Salary?
More likely to be eligible for overtime.
Wage
Salary
Wage or Salary?
More likely to be calculated on an annual basis.
Wage
Salary
Wage or Salary?
More likely to allow more flexibility with work hours.
Wage
Salary
