Wage Salary Commission lesson
Presentation
•
Mathematics
•
6th - 8th Grade
•
Practice Problem
•
Easy
+11
Standards-aligned
Gary Nichol
Used 19+ times
FREE Resource
13 Slides • 20 Questions
1
Lesson
Hourly wage, Salary, and Commissions
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Wage
The amount of money paid as an rate (example $15 per hour)
Work for wages is the most common form of work and normally is per hour.
3
To calculate Hourly Wage
Pay Earned = Rate paid x Hours your worked
E = r x h
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Example of Wage
You are working for $15 per hour at a fast food store. This week you worked for 12 hours. How much money did you earn?
E = r x h
E = $15 x 12 hrs
Earned = $182.00
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Wages
6
Multiple Choice
Typically, a wage is an amount you get for every?
Second
Minute
Hour
Year
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Fill in the Blanks
Type answer...
8
Fill in the Blanks
Type answer...
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Salary
A salary is an amount of money paid for a fixed period of time of work, such as a weekly salary, monthly salary, or a yearly salary
Example: You get paid $90 to cut your neighbors every month
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To calculate Salary
There is really no calculations. You get paid the agreed amount after you work for the agreed period of time.
Example: You agreed to work for a Weekly salary of $660 per week.
At the end of the week, you get $660.
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Salary
12
Fill in the Blanks
Type answer...
13
Fill in the Blanks
Type answer...
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Commission (normally used in sales)
A portion (Percentage) of money received for making a sale. In other words, what ever you sell, you get a portion of the money.
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Calculating Commission is just computing a tip.
Commission = Commission rate (%) x total amount of items sold ($)
C = r x t
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Example of Commission
You are working for a 2% commission at a car lot. This month, you sold $150,000 worth of cars. How much commission would you recieve?
C = r x t
C = 0.02 x 150,000
Commission = $3,000
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Commission
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Multiple Choice
Which of the following is an example of a commission?
Jose gets $21 dollars for every hour he works.
A store manager gets a monthly pay of $1100
A sales person recieved $45 for selling $500 worth of electronic
Money paid for good service
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Fill in the Blanks
Type answer...
20
Fill in the Blanks
Type answer...
21
Mixed Review
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Draw
Draw a picture that would represent a hourly wage.
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Draw
Draw a picture that would represent a Salary.
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Draw
Draw a picture that would represent a Commission.
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Multiple Choice
Which of the following is an example of a wage?
Jose gets $21 dollars for every hour he works.
A store manager gets a monthly pay of $1100
A sales person recieved $45 for selling $500 worth of electronic
Money paid for good service
26
Multiple Choice
Which of the following is an example of a Salary?
Jose gets $21 dollars for every hour he works.
A store manager gets a monthly pay of $1100
A sales person recieved $45 for selling $500 worth of electronic
Money paid for good service
27
Multiple Choice
Which of the following is an example of a tip(Gratuity)?
Jose gets $21 dollars for every hour he works.
A store manager gets a monthly pay of $1100
A sales person recieved $45 for selling $500 worth of electronic
Money paid for good service
28
Multiple Choice
Which of the following is an example of a commission?
Ching gets $14.25 dollars for every hour he works.
You get paid $50 a month to do your household chores.
Every cell phone you sell, you get $20
You get paid $500 every week plus 3% for everything you sell
29
Multiple Choice
Which of the following is an example of a salary plus a commission?
Ching gets $14.25 dollars for every hour he works.
You get paid $50 a month to do your household chores.
Every cell phone you sell, you get $20
You get paid $500 every week plus 3% for everything you sell
30
Multiple Choice
Which of the following is an example of a wage plus a commission?
Ching gets $14.25 dollars for every hour he works plus 2% for each sale he makes.
You get paid $50 a month to do your household chores plus $10 for food
Every cell phone you sell, you get $20 plus a free water mellon
You get paid $500 every week plus 3% for everything you sell
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Open Ended
Write an example of wage.
(You must include the word wage in you example.)
32
Open Ended
Write an example of Salary.
(You must include the word Salary in you example.)
33
Open Ended
Write an example of Commission.
(You must include the word Commission in you example.)
Lesson
Hourly wage, Salary, and Commissions
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