Finance · Guided Practice
Gross Income
4 questions with answers. Try each one before revealing the answer.
1
An employee is paid an annual salary of .
Calculate the gross monthly pay.
Calculate the gross monthly pay.
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Answer
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2
A technician works basic hours at per hour.
She also works hours of overtime, paid at time-and-a-half.
Calculate her gross pay for the week.
She also works hours of overtime, paid at time-and-a-half.
Calculate her gross pay for the week.
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Answer
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3
A sales adviser is paid a basic monthly salary of .
She also earns commission on monthly sales above .
Her sales for the month were .
Calculate her gross pay for the month.
She also earns commission on monthly sales above .
Her sales for the month were .
Calculate her gross pay for the month.
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Answer
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4
Contract A pays per week.
Contract B pays per month.
Assuming weeks in a year, determine which contract pays more per year. Use your working to justify your answer.
Contract B pays per month.
Assuming weeks in a year, determine which contract pays more per year. Use your working to justify your answer.
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Answer
Contract A: per year
Contract B: per year
Contract B pays more.
Contract B: per year
Contract B pays more.
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