Chapter 1 gross income lesson 1.2 overtime pay answers

Presentation on theme: "SECTION 1-2 pp. 94-95 Overtime Pay."— Presentation transcript:

1 SECTION 1-2 pp Overtime Pay

2 Section Objective Figure out: straight-time pay overtime pay total pay

3 Key Words to Know overtime pay (p. 94)
Extra pay for hours worked beyond regular hours. time and a half (p. 94) An overtime pay rate of 1½ times more than the regular hourly rate.

4 Key Words to Know double time (p. 94)
An overtime pay rate of two times more than the regular hourly rate, often paid for working Sundays and holidays.

5 Formulas Overtime Pay = Overtime Rate × Overtime Hours Worked
Total Pay = Straight-Time Pay + Overtime Pay (Note: Total pay is often called gross pay.)

6 The Road to Building Castles p. 94
What are the benefits of working time and a half?

7 Example 1 Alonso Perez is paid $8.20 an hour for a regular 40-hour week. His overtime rate is 1½ times his regular hourly rate. This week Perez worked his regular 40 hours plus 10 hours of overtime. What is his total pay?

8 Example 1 Answer: Step 1 Find the straight-time pay.
Hourly Rate × Regular Hours Worked $8.20 × 40 = $328.00

9 Example 1 Answer: Step 2 Find the overtime pay.
Overtime Rate × Overtime Hours Worked (1.5 × $8.20) × 10 = $123.00

10 Example 1 Answer: Step 3 Find the total pay.
Straight-Time Pay + Overtime Pay $ $ = $451.00

11 Practice 1 Jiwon Chang earns $11.70 per hour plus time and a half for overtime. Last week he worked his regular 40 hours plus six hours on the weekend. What is his total pay for the week?

12 Practice 1 Answer $573.30

13 Practice 2 Nadia Campana earns a regular hourly rate of $ She earns double time for work on Sundays. Last week she worked her regular 36-hour week plus 7½ hours on Sunday. What is her total pay for the week?

14 Practice 2 Answer $1,203.60

15 END OF SECTION 1-2 Overtime Pay

1.1 Straight-time PayObjective:Calculate straight timepay.Vocabulary:Hourly rateStraight-time payGross income

Straight-Time PaySome jobs pay you a fixed amount of money for eachhour you work.HOURLY RATEExample:You receive Lps. 150 an hour to work atCinemark to sell tickets and concession stand.The manager scheduled you for 15 hours this weekSTRAIGHT –TIME PAY FORMULAStraight time pay = hourly rate x hours workedTotal amount you get paid over a time period iscalledGROSS INCOME(gross pay or grossamount)Total amount you earned

Straight-Time Pay Reading Questions1.What are the benefits of being paid anhourly rate?2.What two factors affect straight time pay?

Example 1Nicole Fiallos is a mail clerk at an advertisingfirm.She earns Lps. 250 an hour.This weekshe earned 39 ½ hours.What is her straighttime pay for week?

Concept Check 1Calculate the straight-time pay.

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 18 pages?

Upload your study docs or become a

Course Hero member to access this document