The Mathematics of Money

Copyright © 2008, The McGraw-Hill Companies, Inc.

Exercises 15.1 589

6. Cyndi makes $22.45 an hour and is paid biweekly. Her time card for the last 2 weeks is given below. Calculate her gross
   pay for this pay period.

Week Ending Sun Mon Tues Wed Thurs Fri Sat

January 24 0 5 3 0 7 7 5

January 31 0 8 14 12 11 7 0

7. Tom is paid $11.36 an hour for straight time, and receives a 75% weekend differential for Saturdays and Sundays. His
   time card for the last 2 weeks is given below. Calculate his gross pay for this 2-week period.

Week Ending Sun Mon Tues Wed Thurs Fri Sat

January 11 00858 88

January 18 00069112

8. Suppose you are paid $12.44 an hour straight time, but you earn double-time for holidays. Your time card for the last
   2 weeks is shown below. Calculate your gross pay for this 2-week period. (Don’t forget that July 4 is a holiday!)

Week Ending Sun Mon Tues Wed Thurs Fri Sat

July 5 0 5 7 9 3 9 0

June 18 0 8 8.5 8.5 9.5 0 8

C. Gross Pay: Piece Rate

9. Kriss has a job doing customer surveys at a local shopping mall. She is paid a base weekly salary of $200, and she
   also is paid on the basis of the number of surveys she completes in the week using the following scale:

Surveys Rate

0–20 $1.40

21–50 $3.40

Over 50 $4.50

Calculate her gross pay for the week if she completes 72 customer surveys.

10. A telemarketer for a credit card company is paid $25 per shift, plus a piece rate based on the number of his calls that
    result in new credit card applications. The rate scale is:

Applications Rate

0–5 $4.25

6–10 $5.15

Over 10 $7.25

Calculate his gross pay for a shift in which he solicited 10 applications.

D. Gross Pay: Commission

11. Suppose I am paid a 14% commission on weekly sales up to $2000, and 18% on weekly sales above this amount.
    (a) Calculate my commissions for a week in which I made $4785 in sales. (b) If I received a draw of $400 for that
    week, calculate my gross pay for the week.