calculating earnings · alternative ways to earn. day 5 calculating pay.notebook 2 september 24,...
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![Page 1: Calculating Earnings · Alternative Ways to Earn. Day 5 Calculating Pay.notebook 2 September 24, 2015 Salary - a fixed earning based on a year, regardless of hours ex - $60, 000/yr](https://reader034.vdocuments.mx/reader034/viewer/2022052103/603e1921ef216b1ee17f06b2/html5/thumbnails/1.jpg)
Day 5 Calculating Pay.notebook
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Calculating EarningsAlternative Ways to Earn
![Page 2: Calculating Earnings · Alternative Ways to Earn. Day 5 Calculating Pay.notebook 2 September 24, 2015 Salary - a fixed earning based on a year, regardless of hours ex - $60, 000/yr](https://reader034.vdocuments.mx/reader034/viewer/2022052103/603e1921ef216b1ee17f06b2/html5/thumbnails/2.jpg)
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Salary
- a fixed earning based on a year, regardless of hours ex - $60, 000/yr. - could be paid out monthly, bimonthly or biweekly
![Page 3: Calculating Earnings · Alternative Ways to Earn. Day 5 Calculating Pay.notebook 2 September 24, 2015 Salary - a fixed earning based on a year, regardless of hours ex - $60, 000/yr](https://reader034.vdocuments.mx/reader034/viewer/2022052103/603e1921ef216b1ee17f06b2/html5/thumbnails/3.jpg)
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Pay =
![Page 4: Calculating Earnings · Alternative Ways to Earn. Day 5 Calculating Pay.notebook 2 September 24, 2015 Salary - a fixed earning based on a year, regardless of hours ex - $60, 000/yr](https://reader034.vdocuments.mx/reader034/viewer/2022052103/603e1921ef216b1ee17f06b2/html5/thumbnails/4.jpg)
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Practice questions
decimal
8) $65,000 paid monthly
9) $48,500 paid bi-monthly
10) $57,000 paid bi-weekly
![Page 5: Calculating Earnings · Alternative Ways to Earn. Day 5 Calculating Pay.notebook 2 September 24, 2015 Salary - a fixed earning based on a year, regardless of hours ex - $60, 000/yr](https://reader034.vdocuments.mx/reader034/viewer/2022052103/603e1921ef216b1ee17f06b2/html5/thumbnails/5.jpg)
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![Page 8: Calculating Earnings · Alternative Ways to Earn. Day 5 Calculating Pay.notebook 2 September 24, 2015 Salary - a fixed earning based on a year, regardless of hours ex - $60, 000/yr](https://reader034.vdocuments.mx/reader034/viewer/2022052103/603e1921ef216b1ee17f06b2/html5/thumbnails/8.jpg)
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Gross Pay = Base Salary + Commission
![Page 9: Calculating Earnings · Alternative Ways to Earn. Day 5 Calculating Pay.notebook 2 September 24, 2015 Salary - a fixed earning based on a year, regardless of hours ex - $60, 000/yr](https://reader034.vdocuments.mx/reader034/viewer/2022052103/603e1921ef216b1ee17f06b2/html5/thumbnails/9.jpg)
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Ex. 2 Brendan works at Sears and makes $450.00 a week plus 6% commission. If he sells $1975.00 worth of furniture, how much does he earn?
![Page 10: Calculating Earnings · Alternative Ways to Earn. Day 5 Calculating Pay.notebook 2 September 24, 2015 Salary - a fixed earning based on a year, regardless of hours ex - $60, 000/yr](https://reader034.vdocuments.mx/reader034/viewer/2022052103/603e1921ef216b1ee17f06b2/html5/thumbnails/10.jpg)
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Ex. 3
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Calculating Gross Earnings
Calculate the gross earnings for Michael, who worked the schedule below. Rate of pay is $10.45 Overtime is paid at time and a half.
a) Calculate gross pay based on weekly overtime.
b) Calculate gross pay based on daily 8 hr.
M - 12 T - 12 W - 6 Th - 6 F - 4