Unit #1: Earning Income

Todays Learning Goal: I will be able to calculate the amount earned from a range of different income situations.

There are several different ways that employers can pay you: 1. Hourly wage getting paid per hour of work (currently is $12.65/hr) minimum wage will further rise to at least $13.85 on June 1st, 2019, to $14.60 on June 1st, 2020 and to $15.20 on June 1st, 2021. 2. Piecework getting paid per item completed Example: $0.25/bucket of apples, or $3 per hem of a dress 3. Salary getting paid per year Paid out on a fixed schedule (for example the 15th and 30th of each month) Example: $35,000 annually

There are several different ways that employers can pay you: 4. Commission getting paid a % extra based on amount of sales Example  you earn 5% of whatever you sell 5. Extra earnings - tips and overtime getting paid time and a half, or a percent of bill Examples  servers get 15% tip on the amount of the bill Example  for working on Good Friday you get paid time and a half 6. Contract work getting paid one lump sum per job Example  you get paid $5,000 to put the roof on

Jamie works on commission of 6. 5% of gross sales Jamie works on commission of 6.5% of gross sales. He sells $9865 worth of merchandise. How much commission does he make?

You make $16. 03 in commission from a total sales of $9245 You make $16.03 in commission from a total sales of $9245. What was the rate of commission?

You make $17. 50 an hour plus commission You make $17.50 an hour plus commission. You work 25 hours on week and make a total of $837.50. What was the rate of commission on the $7890 of merchandise he sold?

Calculating Your Weekly Hours Complete the Table: 15 minutes = 0.25 30 minutes = 0.5 45 minutes = ?? Day of the Week Shift Time Hours Worked Monday 6am – 3pm Tuesday 10am – 2:00pm Wednesday 7:30am – 5:30pm Thursday 9:00am – 4:00pm Friday 10:00am – 5:00pm TOTAL If this was your schedule for the week, and you were making $10.85/hour, what would your earnings be that week?

You are earning $12. 50 per hour and below is your shift work You are earning $12.50 per hour and below is your shift work. How much did you earn this week? Day of the Week 1st Shift Time 2nd Shift Time Hours Worked Monday 6am - 12pm 4pm -8pm Tuesday 11am - 12pm Wednesday 12:30pm - 5:30pm 9pm - 11pm Thursday 1:30pm - 4:30pm Friday 12pm - 3pm TOTAL

Andrew works in a road construction crew Andrew works in a road construction crew. His regular work week is 40 hours. He makes $14.50 per hour. How much does he make in a regular week?

Sheridan earns $7 per hour plus commission Sheridan earns $7 per hour plus commission. She worked 30 hours this week and earned $569.00 commission on her sales of $6546.00. What is her total earnings this week?

Emily works at Local. She earns a base salary of $8. 20/hr Emily works at Local. She earns a base salary of $8.20/hr. On Saturday she worked 8 hours and billed her customers $1250.00 She earns an average of 15% tips. What was Emily's daily income for Saturday?

Hanna earned $357. 60 working 6 hours at $8/hr plus tips Hanna earned $357.60 working 6 hours at $8/hr plus tips. How much did she make in tips?

Caden earns $4. 50 per bucket of apples from Mr. Boerboom Caden earns $4.50 per bucket of apples from Mr. Boerboom. He picks 14 buckets of apples in one day. How much did her make that day?

To Do Today: 1. Type of Income Practice worksheet