2. Calculate Weekly Pay Then Convert Among Monthly and Yearly Pay

2.7 Review – Earning Money

1. Match the term in the right hand column with the correct definition from the left. Definition Term 1. ____ pays the same amount for every hour you work A. Salary 2. ____ the amount paid per job or piece B. Hourly Rate 3. ____ pays a percent of the sales you make C. Piecework 4. ____ a set amount paid every week, month, or year D. Commission

2. Calculate Weekly Pay then Convert Among Monthly and Yearly Pay

Total Hours Hourly Wage Weekly Pay Monthly Pay Yearly Pay Worked in a Week =27x$10.25 =$14391/12 =$276.75x52 27 hrs. $10.25 = =

52 hrs. $15.25

13 hrs. $20.25

30.5 hrs. $16.00

3. Figure how many hours Steve worked each day. Write the number of hours in the blanks (Don't count the hour Steve has off for lunch on Saturday.)

Day Time Hours Monday 4:00 P.M. to 6:00 P.M. Tuesday 4:00 P.M. to 6:00 P.M. Wednesday 4:00 P.M. to 6:00 P.M. Thursday 4:00 P.M, to 6:00 P.M. Friday 4:00 P.M. to 6:00 P.M. Saturday 8:00 A.M. to 12:00 NOON 1:00 P.M. to 5:00 P.M Total Hours

4. Find 10% of each amount.

a) 10% of $37 = ______c) 10% of $289 = ______

b) 10% of $29 = ______d) 10% of $1695 = ______5. Express each percent as fraction and then as a decimal. a) 87% b) 12% c) 53% d) 62%

e) 52% f) 13.6% g) 11.5% h) 28.75%

6. Find each amount a) 12% of 60 b) 18% of $42.00 c) 5% of 260m

e) 21.5% of 2100 f) 4.5% of 130 kg g) 7.5% of 260

7. Calculate 10% of each amount. Round to the closest cent.

c) 10% of $1.50 = ______c) 10% of $14.95 = ______

d) 10% of $198.50 = ______d) 10% of $63.80 = ______

8. A salesperson from a furniture store receives a 6.5% commission. How much money will the salesperson earn after selling $1500.00 worth of furniture? 9. Julie is a beauty consultant for Pretty People Cosmetics. She is paid $250/week plus a commission of 38% of sales. Her sales for one 4-week interval are shown in the table. How much did she earn in the 4-week period?

Week 1 2 3 4 Amount of sales $734 $212 $1351 $776

10. Calculate the Actual pay for each job. Then calculate the hourly wage. Finally, write down the province/territory for which this wage would be minimum wage or higher.

Job Piecework Number Pay for the job Hours Hourly wage Wage of pieces completed worked completed a) Sewing $6/purse 53 purses 34 hours b) Warehouse $7.50/packed 26 packed 51 freight box boxes hours