# Your Reward for Hard Work Your paycheck should reflect your gross income. - PowerPoint PPT Presentation

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Your Reward for Hard Work Your paycheck should reflect your gross income. Why is it important to know how to calculate your gross income?. Lesson Objective Calculate straight-time pay. Content Vocabulary. hourly rate. hourly rate A fixed amount of money for each hour you work.

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#### Presentation Transcript

Why is it important to know how to calculate your gross income?

Lesson Objective

Calculate straight-time pay.

Content Vocabulary

• hourly rate

hourly rate

A fixed amount of money for each hour you work.

straight-time pay

The total amount of money you earn for a pay period at the regular hourly rate.

gross income

The total amount you are paid during a pay period.

• straight-time pay

• gross income

Example 1

Shawna Jackson is a mail clerk. She earns \$8.40 per hour. Last week she worked 40 hours, and this week she worked 39½ hours.

What is her straight-time pay for each week?

Step: Find the straight-time pay.

Last week: \$8.40 × 40 = \$336.00

This week: \$8.40 × 39½ =\$331.80

Practice 1

Izumi is a musician. She earns \$35.00 per hour. She works 32½ hours.

What is her straight-time pay?

\$1,137.50

Practice 2

Steve is a plumber. He earns \$28.75 per hour. He works 39¾ hours.

What is his straight-time pay?