8A-Gross%20Pay%20Lesson Year 200 (CC) was a leap year starting on Tuesday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Severus and Victorinus (or, less frequently, year 953 Ab urb PDF

Preview

Summary

Physics sosjsjsjs dj DJDJF sjsjsns DJDJF jdjsjsjsns djdjdjsisisn djdjdsiisikks sksksksjsjsnsnsns sndjdns d d d djsjsjsjsjjsjjsjs s snsjsjsjsjwjwnw snake Year 200 (CC) was a leap year starting on Tuesday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Y...

Description

Gross Pay Lesson Objectives: Upon completion of this unit, students will be able to:  Demonstrate knowledge of paycheck terms.  Calculate gross pay using several different methods. Introduction: Receiving a paycheck can be the highlight of a person’s life. Your income, the money you earn on a job, may be determined in one of several ways. Your income may be computed based on the number of hours you work, the number of items you produce, a fixed annual salary, or a specified amount of money you are paid for selling a product or a percent of the selling price. Vocabulary: Biweekly Double Overtime Employee Employer Gross Pay Hourly Pay Minimum Wage Monthly Pay Period Per Diem Piecework Regular Overtime Salary Semimonthly Weekly

An employee is paid every other week (26 pay periods per year). Twice the hourly rate, typically paid on holidays or weekend work. A person who works for others for compensation. A person or company that hires employees. The amount of money earned during a pay period before deductions The employee receives an hourly wage for hours worked. The lowest pay rate allowed by law for each hour of work. An employee is paid once per month (12 pay periods per year). A length of time for which an employee’s wages are calculated. May be weekly, bi-weekly, semi-monthly, monthly. Per Day. An employee is paid by each usable piece produced. Time and ½ hourly rate for all hours worked over regular working hours. A set amount of money an employee receives each pay period regardless of the hours worked. An employee is paid twice per month (24 pay periods per year). An employee is paid once per week (52 pay periods per year).

Calculating Employee Total Earnings Using Hourly Pay and Overtime Pay Regular Hours (# of hours worked, excluding overtime) X Regular Rate = Regular Earnings Sally worked 36 hours this week. Her regular rate of pay is $8/hour. Regular Hours X Hourly Rate = Regular Earnings 36 X $8 = $288

Calculating Overtime Rate of Pay Sally receives time and ½ for her regular overtime rate of pay. Hourly Rate X Regular Overtime = Overtime Rate $8 X 1.5 = $12 This week Sally worked 10 hours of overtime. Calculate her overtime pay. Overtime Hours X Overtime Rate = Overtime Pay 10 X $12 = $120

Calculating Total Pay 40 Hours is considered full time. Last week Sally worked 43 hours. Calculate her total pay for this pay period. Regular Hours X Regular Rate = Regular Earnings 40 X $8 = $320 Overtime Hours X Overtime Rate = Overtime Pay 3 X $12 = $36 Regular Earnings + 0vertime Pay = Total Earnings $320 + $36 = $356

Worksheet #1 – Calculating Hourly Gross Pay

1. Kim Jones works for an hourly rate of $7.50. This week Kim worked 39 hours. What is Kim’s gross pay for this week?

2. Alice Lee worked 40 hours this week at $8.00 per hour. What is Alice’s gross pay for this week?

3. Tom Johnson worked 32 hours this week for $9.25 per hour. What is Tom’s gross pay for the week?

4. Steve worked 37.5 hours last week for $15.00 an hour. What is his gross pay for the week?

5. Jean works as a secretary for a local business. She is paid $10.50 per hour. She gets paid overtime for all hours over 40 a week. Last week she worked 45 hours. What is her gross pay for the week?

6. Anne is paid $25 per hour for her job as an office manager. She is paid overtime for all hours worked over 40 a week. What is her gross pay is she worked 51 last week?

7. Cindy is paid $7.00 an hour for a regular 35-hour week. She receives overtime pay for any hours above this each week. This week Cindy worked 43 hours. What is her gross pay?

8. George earns an hourly rate of $8.64 for a 40-hour week. He receives double-time for and weekend work. This week he worked his regular 40 hours plus 10 hours on Saturday. Calculate his gross pay.

Worksheet #1 – Calculating Hourly Gross Pay Answer Key 1. Kim Jones works for an hourly rate of $7.50. This week Kim worked 39 hours. What is Kim’s gross pay for this week? 7.50 x 39 = 292.50

2. Alice Lee worked 40 hours this week at $8.00 per hour. What is Alice’s gross pay for this week? 8.00 x 40 = 320.00

3. Tom Johnson worked 32 hours this week for $9.25 per hour. What is Tom’s gross pay for the week? 9.25 x 32 = 296.00

4. Steve worked 37.5 hours last week for $15.00 an hour. What is his gross pay for the week? 15.00 x 37.5 = 562.50

5. Jean works as a secretary for a local business. She is paid $10.50 per hour. She gets paid overtime for all hours over 40 a week. Last week she worked 45 hours. What is her gross pay for the week? 10.50 x 40 = 420 10.50 x 1.5 x 5 = 78.75 Gross Pay = 498.75

6. Anne is paid $25 per hour for her job as an office manager. She is paid overtime for all hours worked over 40 a week. What is her gross pay is she worked 51 last week? 25.00 x 40 = 1,000 25.00 x 1.5 x 11 = 412.50 Gross Pay = 1,412.50

7. Cindy is paid $7.00 an hour for a regular 35-hour week. She receives overtime pay for any hours above this each week. This week Cindy worked 43 hours. What is her gross pay? 7.00 x 35 = 245 7.00 x 1.5 x 8 = 84 Gross Pay = 329.00

8. George earns an hourly rate of $8.64 for a 40-hour week. He receives double-time for and weekend work. This week he worked his regular 40 hours plus 10 hours on Saturday. Calculate his gross pay. 8.64 x 40 = 345.60 8.64 x 2 x 10 = 172.80 Gross Pay = 518.40

Calculating Employee Total Earnings Using Piecework Rate per Item X Number Produced = Total Pay Kristi is a cosmetologist who charges $10.50 per haircut. Last week she gave 60 haircuts. Find her total pay. Rate per Item X Number Produced = Total Pay $10.50 X 60 = $630

Vivian is a typist who charges $2.25 per page for a single-spaced report. How much would she charge for a 12-page, single-spaced report? Rate per Item X Number Produced = Total Pay $2.25 X 12 = $27

Lois works at a local sewing factory where she is paid $0.25 for each zipper she sews. What would be her pay for a day in which she sews 214 zippers? Rate per Item X Number Produced = Total Pay $0.25 X 214 = $53.50

Lewis works at a job where he is paid $3.34 for each item assembled. This week he assembled 79 items. What is his total pay? Rate per Item X Number Produced = Total Pay $3.34 X 79 = $263.86

Calculating Per Diem Gross Pay Daily Rate X Number of Days = Total Pay Billy helps his uncle on the family farm. He is paid $45 a day for each day worked. How much would he earn in four days? Daily Rate X Number of Days = Total Pay $45 X 4 = $180

Worksheet #2 – Calculating Piecework Gross Pay and Per Diem 1. Julia works silk-screening t-shirts. She is paid $0.45 per shirt. What is her total pay if she screens 388 shirts?

2. Elizabeth works picking blackberries. She is paid $0.25 per quart. In a week where she picks 1053 quarts, find her total pay.

3. Debbie runs a carpet-cleaning service. She charges $15.95 per room. Last week she cleaned three rooms in one house, two in another house, and four in a third house. What was her total pay?

4. Lisa works at a local sewing plant. She is paid $0.63 for each sleeve she sews. Last week she sewed 360 sleeves. Find her total pay.

5. Bill is paid $2.05 for each chair he assembles. Find his total pay for assembling 180 chairs.

6. A local garage charges $25.95 for an oil change. Find the total pay for 35 oil changes.

7. Sharon types for other people. She charges $1.25 per page for double-spaced pages and $1.75 per page for space-and-a-half pages. How much total pay would she receive for a 25page double-spaced report and a 15 page space-and-a-half report?

8. Michael delivers newspapers as a part-time job. He is paid $0.05 for each daily paper, Monday-Saturday, and .30 for each Sunday paper. He delivers 132 daily papers and 175 Sunday papers. What is his total pay for the week?

9. Calculate Susan’s total pay for babysitting 5 days at $30 a day.

10. What would Jessica’s total pay be in her job as a receptionist where she is paid $60 a day?

Worksheet #2 – Calculating Piecework Gross Pay and Per Diem Answer Key 1. Julia works silk-screening t-shirts. She is paid $0.45 per shirt. What is her total pay if she screens 388 shirts? $174.60 2. Elizabeth works picking blackberries. She is paid $0.25 per quart. In a week where she picks 1053 quarts, find her total pay. $263.25 3. Debbie runs a carpet-cleaning service. She charges $15.95 per room. Last week she cleaned three rooms in one house, two in another house, and four in a third house. What was her total pay? $143.55 4. Lisa works at a local sewing plant. She is paid $0.63 for each sleeve she sews. Last week she sewed 360 sleeves. Find her total pay. $226.80 5. Bill is paid $2.05 for each chair he assembles. Find his total pay for assembling 180 chairs. $369 6. A local garage charges $25.95 for an oil change. Find the total pay for 35 oil changes. $908.25 7. Sharon types for other people. She charges $1.25 per page for double-spaced pages and $1.75 per page for space-and-a-half pages. How much total pay would she receive for a 25page double-spaced report and a 15 page space-and-a-half report? $57.50 8. Michael delivers newspapers as a part-time job. He is paid $0.05 for each daily paper, Monday-Saturday, and .30 for each Sunday paper. He delivers 132 daily papers and 175 Sunday papers. What is his total pay for the week? $92.10 9. Calculate Susan’s total pay for babysitting 5 days at $30 a day. $30 X 5 = $150

10. What would Jessica’s total pay be in her job as a receptionist where she is paid $60 a day and worked 6 days last week? $60 X 6 = $360

Calculating Gross Pay for Salaried Employees

Annual Salary Number of Pay Periods Per Year

= Salary Per Pay Period

Judy is a salaried employee. She makes $36,000 a year and is paid semi-monthly. What is her gross pay for one paycheck? $36,000/24 (semi-monthly) = $1,500 Molly is a salaried employee. She makes $42,000 a year and is paid biweekly. What is her gross pay for one paycheck? $42,000/26 (biweekly) = $1,615.38 Walter is a salaried employee who is paid weekly. His annual salary is $62,400. What is his gross pay for one paycheck? $62,400/52 (weekly) = $1,200 Mary is paid monthly at her salaried position. If her annual salary is $41,400, what is her gross pay for one paycheck? $41,400/12 (monthly) - $3,450

Worksheet #3 – Calculating Salary Gross Pay

1. Chris makes $48,000 a year. He is paid semi-monthly. What is his gross pay per pay period?

2. John earns $59,800 a year. He is paid bi-weekly. What is his annual pay?

3. If Sandy’s gross pay is $750 weekly, what is her annual salary?

4. What is Jackie’s monthly salary if her annual gross pay is $65,400?

5. Ben Thomas is earning an annual salary of $15,090 at Custom Stereos. He has been offered a job at the local Ford dealer for $16,660 annually. How much more would Ben earn per week if he accepts the position at the Ford dealer?

6. Jan Ballard earns a weekly salary of $350 as a receptionist for a local doctor’s office. Next month she is being promoted to Office Manager and will be paid $895 semi-monthly. How much more per year will Jan earn as Office Manager rather than receptionist?

Worksheet #3 – Calculating Salary Gross Pay Answer Key

1. Chris makes $48,000 a year. He is paid semi-monthly. What is his gross pay per pay period? $48,000/24 = $2,000 2. John earns $59,800 a year. He is paid bi-weekly. What is his gross pay? $59,800/26 = $2,300 3. If Sandy’s gross pay is $750 weekly, what is her annual salary? $750 X 52 = $39,000 4. What is Jackie’s monthly salary if her annual gross pay is $65,400? $65,400/12 = $5,450 5. Ben Thomas is earning an annual salary of $15,090 at Custom Stereos. He has been offered a job at the local Ford dealer for $16,660 annually. How much more would Ben earn per week if he accepts the position at the Ford dealer? $320.38 - $290.19 = $30.19

6. Jan Ballard earns a weekly salary of $350 as a receptionist for a local doctor’s office. Next month she is being promoted to Office Manager and will be paid $895 semi-monthly. How much more per year will Jan earn as Office Manager rather than receptionist? ($895 X 24) – ($350 X 52) = $3,280...