Introduction to Lesson 1

PURPOSE

The purpose of this lesson is to teach you how to calculate different types of pay and total pay (or gross pay) so that you can calculate your own gross pay in the future, as well as check your employer's calculations.

OBJECTIVES

After completing each of the sections of this lesson, you should be able to:

Section 1-1 Calculate straight-time pay.
Section 1-2 Figure out straight-time, overtime, and total pay.
Section 1-3 Calculate the total hours on a weekly time card.
Section 1-4 Compute the total pay on a piecework basis.
Section 1-5 Determine the salary per pay period.
Section 1-6 Calculate the straight commission and determine the gross pay.
Section 1-7 Compute the total graduated commission.

READING ASSIGNMENT

Mathematics with Business Applications, pages 90–107. Be sure to follow the author's suggested study hints from the introduction.

You will also want to view the online resources Links to an external site. for this chapter. The "What Career Will Best Suit You?" option contains a link to career tests.