Wages & Salaries

[Admin]

#12052

Wage

Paid per hour with overtime rates, usually paid weekly or fortnightly

Salary

Fixed amount paid for the year, regardless of any overtime, usually paid fortnightly or monthly

[Admin]

#12054

A wage sheet of a small business shows one employee’s details:
Rate per hour: $20
Normal hours: 30
Overtime (× 2): x
Wage: $840

If Nate worked some overtime at double time rate which is missing from the wage sheet, how many hours of overtime did he work?

30 hours at normal time = 30 × $20 = $600

Overtime pay =  $840 – $600
= $240

Overtime rate = double time = 2 × $20 = $40 per hour

Hours of overtime = $240  ÷ $40

= 6 hours

[Admin]

#15339

John and Will work in a warehouse and both earned $1000 each last week. John worked 5 hours more than Will and was paid time-and-a-half for those extra hours, at the normal rate of $20 per hour. What is Will’s hourly rate of pay?

let the number of hours John worked be x
so John worked x hours at $20 an hour = 20x
he worked 5 hours at time and a half = 5 × 1.5 = 7.5 hours will be paid
20 × 7.5 = 150
total pay = 1000 = 20x + 150
850 = 20x
x = 42.5
so John worked 42.5 hours
if John worked 5 hours more then Will worked 42.5 – 5 = 37.5 hours
Hourly rate = 1000 ÷ 37.5
= $26.67

[Admin]

#15354

John works a 40 hour week at a fixed hourly rate. He receives 4 weeks of holiday pay including a holiday loading of 17½%. If the holiday loading was $665, what is John’s hourly rate?

let the hourly rate be x dollars
in one week = 40x
four weeks = 40x × 4 = 160x
17.5% of 160x will be the holiday loading
0.175 × 160x = 665
28x = 665
x = $23.75

[Admin]

#15488

Mary received a wage rise of 5% and now earns $134.40 for an 8 hour day. What did Mary receive per hour before the wage increase?
100% + 5% = 105%	If it has gone up by 5%, that means it is now 105%
134.40 ÷ 105% = $128	to find the original we need to divide the new wage by 105%
128 ÷ 8 = $16 per hour	so the previous wage is $128 for the 8 hours, divide by 8 to find the hourly rate

[Admin]

#18561

Vicki receives a yearly gross salary of $23 400. She pays 19.5% of her weekly gross salary in income tax. She contributes 5% of her weekly gross salary lo her salary to her superannuation fund, and has $92 in miscellaneous deductions each week. Find: a. Vicki’s weekly gross salary. b. he amount of tax deducted each week. c. Her weekly net pay after all deductions are made.
a. 23400 ÷ 52 = $450	to find the weekly salary, divide by 52
b. 450 × 19.5% = $78.85	find 19.5% of the weekly salary which is the tax
c. total deductions = 78.85 + 450 × 5% + 92 = $193.35	find the total deductions, which includes the tax worked out in the previous part, 5% of 450 and $92
Net = $450 – $193.35 = $256.65	net pay will be her weekly pay minus the total of the deductions

[Admin]

#18562

The ‘double–time–and–a–half’ rate for working at a manufacturing plant is $65 per hour. What is the ‘time-and-a-half’ rate for working at this plant?
Normal time = 65 ÷ 2.5 = $26 per hour	first, find the regular rate per hour. if the double time and a half rate is $65, than means it is 2.5 times the regular hourly rate, and dividing by 2.5 will give us the hourly rate
time-and-a-half = 26 × 1.5 = $39 per hour	use the hourly rate we just found to find the time-and-a-half rate by multiplying it by 1.5

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