1. Make a list of all the jobs you’ve had.
Journal entry
Make a list of all the jobs you’ve had.
If you haven’t had a job, make a list of your parents or a relatives.
Next to each job explain how, when, and what you were paid.

2. Unit 1 - Budgeting
Gross Income

3. Why is it important to know when and how you’re getting paid?

4. Straight – time pay
Using an hourly rate and the number of hours worked to calculate your pay.

5. Overtime pay
Getting paid more per hour because you have worked more than the regular number of hours.

6. Piecework
Receiving a specified amount of money for each item of work completed.

7. Salary
A fixed amount of money that you earn on a regular basis.
Can be paid weekly, bi-weekly, monthly, etc.

8. Commission
Getting paid a percentage of the total value of your sales.

9. Graduated Commission
Offers a different rate of commission for each level of sales.

10. Example 1
Shawna Nguyen is a clerk at a gas station. She earns $9.50 per hour. This week she worked 22.5 hours. What is her straight – time pay for the week?

11. Example 2
Ralph Thompson works at a movie theater. He earns $8.50 per hour. How many hours per week must he work if he wants to earn approximately $300 per week?

12. Example 3
Alana Moore is paid $8.20 an hour for a regular 40-hour week as a restaurant host. Her overtime rate is 1 ½ times her regular hourly rate. This week she worked her regular 40 hours plus 10 hours of overtime. What is her total pay?

13. Example 4
Help Alana (from above) figure out how many hours she should work to make approximately $500 in one week.

14. Example 5
John Locke silk-screens prints for a local artist who pays $4 for each print he completes. Last week he silk-screened 75 prints. This week he completed 71. What is his pay each week?

15. Example 6
Tom’s salary as a web site designer is $67,400. Approximately how much income will Tom have to use in his monthly budget?

16. Example 7
Bob Anderson sells commercial real estate at a 7.5% straight commission. Last week his sales totaled $290,000. What was his commission?

17. Example 8
Marcia Stain works at Buckle where she is guaranteed a minimum salary of $350 per month plus commission of 5.45% of her total sales. How much was Marcia’s paycheck if she sold $460 of merchandise?

18. Example 9
Irene Gomez sells appliances at Twin City Sales. She receives a graduated commission as shown in the table. Irene’s sales for the past month totaled $9,840. What was her commission for the month?
Commission %
Level of Sales 4%
First $1000 6
Next $2000 8
Over $3000