Consumer Math Assessment: Earning Money
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Kiera CarterConsumer Math Assessment: Earning Money
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Kiera Carter- Unit Instructions
- Earning Money Problems
Common questions
Powered by AINet pay is calculated by subtracting total deductions from the gross pay. If deductions total $110.29, the net pay would be $345.99 - $110.29 = $235.70 .
The salesperson's total income is calculated by adding the base salary to the sales commission. The commission at 8% on $200,000 is $16,000. Therefore, the total annual income is $22,000 + $16,000 = $38,000 .
Alex spent a total of 7 hours and 15 minutes at school. He arrived at 8:30 A.M., left for lunch at 12:45 P.M. (4 hours and 15 minutes), and after returning at 1:30 P.M., stayed until 5:15 P.M. (3 hours and 45 minutes).
To calculate the annual income from a semimonthly salary, multiply the semimonthly salary by the number of pay periods per year (24). Thus, the annual income is $1220 * 24 = $29,280 .
To convert a percentage to a decimal, divide the percentage by 100. For 87.5%, divide 87.5 by 100, which equals 0.875 .
The total earnings for the jewelry maker can be calculated by multiplying the number of pieces made by the pay rate per piece. Thus, 65 necklaces at $6.25 each yields 65 * 6.25 = $406.25 .
The weekly income is calculated by multiplying the hourly rate by the number of hours worked. Therefore, for an hourly rate of $9.25 and a 40-hour workweek, the weekly wage is 9.25 * 40 = $370 .
Assuming a 40-hour workweek and 52 weeks in a year, the annual wages would be calculated as follows: 20.25 * 40 * 52 = $42,120 .
For the first 40 hours, the regular hourly rate applies, accruing $280 (40 * 7). For the additional 15 hours, the overtime rate is $10.50 (1.5 * 7), resulting in an extra $157.50 (15 * 10.5). The total weekly wages are $280 + $157.50 = $437.50 .
There are 26 pay periods in a year for bi-weekly payments. The bi-weekly pay is the annual salary divided by the number of pay periods, thus $68,000 / 26 = $2,615.38, rounded to the nearest cent .
