1. Unit #1: Earning Income

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

3. 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

4. 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

6. 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?

7. 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?

8. 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 $ What was the rate of commission on the $7890 of merchandise he sold?

9. 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?

10. 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

11. 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?

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

13. 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 $ She earns an average of 15% tips. What was Emily's daily income for Saturday?

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

15. 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?

16. To Do Today:
1. Type of Income Practice worksheet