Hourly Pay Section 1.1

The hourly rate is a fixed amount of money one gets paid per hour of work.

Straight-Time Pay 𝑠𝑡𝑟𝑎𝑖𝑔ℎ𝑡−𝑡𝑖𝑚𝑒 𝑝𝑎𝑦=ℎ𝑜𝑢𝑟𝑙𝑦 𝑟𝑎𝑡𝑒∗ℎ𝑜𝑢𝑟𝑠 𝑤𝑜𝑟𝑘𝑒𝑑 Straight-Time Pay and Take-Home Pay are different.

Example Thomas works at the local Casey’s making pizzas. He earns $8.25 per hour. In the month of July he worked 30 hours the 1st week and 33 ½ hours 2nd week. What is his straight-time pay for each week? Hourly Rate Hours Worked Straight-Time Pay First Week Second * = $8.25 30 = $247.50 * $8.25 33 ½ = $276.38 *

Overtime Pay Section 1.2

A regular work week is generally 40 hours A regular work week is generally 40 hours. Overtime would be considered any amount of time over 40 hours. In general, the overtime rate is time and a half.

𝑂𝑣𝑒𝑟𝑡𝑖𝑚𝑒 𝑃𝑎𝑦=𝑂𝑣𝑒𝑟𝑡𝑖𝑚𝑒 𝑅𝑎𝑡𝑒∗𝑂𝑣𝑒𝑟𝑡𝑖𝑚𝑒 𝐻𝑜𝑢𝑟𝑠 𝑇𝑜𝑡𝑎𝑙 𝑃𝑎𝑦=𝑆𝑡𝑟𝑎𝑖𝑔ℎ𝑡−𝑇𝑖𝑚𝑒 𝑃𝑎𝑦+𝑂𝑣𝑒𝑟𝑡𝑖𝑚𝑒 𝑃𝑎𝑦 *Total Pay may also be called Gross Pay

Example Thomas worked more in the last two weeks of July. He earns $8.25 per hour. He worked 50 hours in the 3rd week and 47 hours in the 4th week. What is his total pay for each week? Hourly Pay Straight-Time Pay OT Rate OT Hours OT Pay Total Pay Third Week Fourth Week $8.25 1 ½ $330.00 10 $123.80 $453.80 $8.25 1 ½ $330.00 7 $86.66 $416.66

Weekly Time Card Section 1.3

In jobs that pay by the hour either the employee or the employer is required to keep track of a weekly time card. In many cases these weekly time cards are electronic.

A weekly time card is a record of when the employee signed in, when the employee signed out, and the number of hours worked. At the end of the week the number of hours worked is totaled. The time card is not official until the employee signs off that it is an accurate account of hours worked.

Example Thomas just turned in his time card for the 1st week of August. Complete the table to find the number of hours he worked in the 1st week. Date IN OUT Hours Sun 8/5 Mon 8/6 8:15 12:15 1:00 5:00 Tue 8/7 8:30 12:00 12:45 5:15 Wed 8/8 8:00 1:15 4:45 Thurs 8/9 7:30 11:30 6:15 Fri 8/10 9:00 3:30 Sat 8/11 8 8 8 ¼ 9 ½ 5 ½ Total Hours: 39 ¼

Skill #1: Hourly Pay, Overtime, & Time Card Questions Summarize your notes Homework Google Classroom