Compensation Crunch Review
SYS.LOC: PORTFOLIO_REV_U1
COMPENSATION CRUNCH
Unit 1 Business Math: Review Portfolio
EVS CK12 DISTRICT SEMESTER 1 • QUARTER 1
Student Name
Date
Class Period
Formula Cheat Sheet
1. HOURLY PAY \(GP = H \times R\) | \(OT = R \times 1.5\)
Overtime starts after 40 hrs.
2. TIME CARD MATH Elapsed = End – Start
Net Hours = Elapsed – Break
Mins to Dec: \(Mins \div 60\)
3. PIECE & SALARY \(GP = Units \times Rate\)
\(Eff. Rate = GP \div Hours\)
Divisors: 52, 26, 24, 12
SECTION 1
Hourly & Overtime Pay Mastery
PROB 1.1: Marcus earns a base wage of $24.00 / hr. This week he logged 48 hours. Calculate regular pay, overtime premium rate, overtime pay, and gross earnings.
Step 1: Regular Pay (up to 40 hours)
40h \(\times\) $_____= $______
Step 2: Overtime Rate (1.5\(\times\) regular rate)
$_____\(\times\) 1.5 = $______
Step 3: Overtime Pay (hours beyond 40)
8h \(\times\) $_____= $______
Step 4: Sum Total Gross Earnings
$_____+ $_____= $______
PROB 1.2: Sarah received straight-time gross pay of $510.00 for a work week totaling 30 hours. Isolate the rate variable to solve for her hourly wage rate.
Step 1: Write Algebraic Formula
Rate =_________\(\div\)_______
Step 2: Substitute Known Values
Rate = $_______\(\div\)____hours
Step 3: Solve for Hourly Wage
Wage Rate = $__________/ hr
SECTION 2
Time Card & Decimal Conversion Math
PROB 2.1: Logan is scheduled to work four days. To compute their weekly pay at $15.00 / hr, convert daily shift minutes into decimals, subtract lunch breaks, and aggregate regular hours.
| Day & Schedule | Step 1: Raw Hours & Mins | Step 2: Less Unpaid Break | Step 3: Decimal Hours |
|---|
| Mon (8:00 AM – 4:15 PM) | ___h ___m | Less 30 Min = ___h ___m | ______ hrs |
| Tue (8:00 AM – 4:45 PM) | ___h ___m | Less 30 Min = ___h ___m | ______ hrs |
| Wed (8:00 AM – 4:30 PM) | ___h ___m | Less 30 Min = ___h ___m | ______ hrs |
Step 4: Sum of Decimal Hours
____ + ____ + ____ = ______ hrs
Step 5: Gross Earnings ($15.00/hr)
______ \(\times\) $15.00 = $ _________
UNIT 1: METHODS OF COMPENSATION STUDY GUIDE PORTFOLIO PAGE 1 OF 2
SYS.LOC: PORTFOLIO_REV_U2
COMPENSATION CRUNCH
Unit 1 Business Math: Review Portfolio
EVS CK12 DISTRICT SEMESTER 1 • QUARTER 1
SECTION 3
Piecework Pay & Minimum Wage Checks
PROB 3.1: J. Harris completed 610 units this week under a piece rate of $0.80 / unit. He clocked a total of 32.0 hours. Calculate his weekly gross pay and determine if his hourly rate meets FLSA minimum wage compliance ($7.25 / hr).
Step 1: Compute Piecework Gross Earnings
____units \(\times\) $___= $______
Step 2: Calculate Effective Hourly Rate
$______gross \(\div\)___hours = $_____/ hr
Step 3: Compliance Decision (FLSA $7.25 Minimum)
Is $_____> $7.25? Compliant? [ YES / NO ]
SECTION 4
Salaried Distributions & Reverse Compensation
PROB 4.1: Dwayne accepts an annual salary offer of $58,500.00. Fill in correct divisor and step for each schedule option.
Monthly Frequency
Divisor = __ $58,500 \div __ = $ ______
Semi-Monthly Frequency
Divisor = __ $58,500 \div __ = $ ______
Bi-Weekly Frequency
Divisor = __ $58,500 \div __ = $ ______
PROB 4.2: An engineer is paid $1,634.62 bi-weekly. Show the steps to reconstruct their annual contract salary.
Step 1: Identify pay divisor count
Bi-Weekly Pay Periods = ___
Step 2: Setup Multiplier Equation
$1,634.62 \(\times\) ___
Step 3: Reconstructed Annual Salary
Annual Contract = $ _________________
SECTION 5
Commission vs. Guaranteed Base Pay
PROB 5.1: Amelia is guaranteed a flat weekly base salary of $950.00, or an 8.5% commission on closed sales, whichever is greater. Find gross payout.
Scenario A: Closed $10,000
Step 1: Calc Comm $10,000 \(\times\) _____ = $______
Step 2: Base Pay $ 950.00
Step 3: Final Max $ ________
Scenario B: Closed $16,000
Step 1: Calc Comm $16,000 \(\times\) _____ = $______
Step 2: Base Pay $ 950.00
Step 3: Final Max $ ________
UNIT 1: METHODS OF COMPENSATION STUDY GUIDE PORTFOLIO PAGE 2 OF 2
Compensation Crunch Test
SYS.LOC: EXAM_U1_STUDENT
UNIT 1 TEST: COMPENSATION CALCULATIONS
EVS CK12 School District • Business Mathematics
GRADED TEST SEMESTER 1 • QUARTER 1
Student Name
Date
Class Period
DIRECTIONS: Complete all sections. Every calculation must show your algebraic substitution and exact steps. Do not skip setup steps. Calculators are active but you must write your work.
SECTION 1
Hourly & Overtime Pay calculations (35 Points)
SCENARIO 1.1: Jackson works as an inventory specialist earning a standard baseline rate of $26.00 / hr. This week, his timesheet registers 46 total hours. Follow federal FLSA weekly limits to determine his total gross paycheck.
Step 1: Calculate Straight-Time Pay (up to 40 hours limit)
____hrs \(\times\) $____= $________
Step 2: Determine Premium Overtime Rate (1.5\(\times\) regular rate)
$____\(\times\) 1.5 = $________
Step 3: Compute Overtime Earnings (excess hours)
____hrs \(\times\) $________= $________
Step 4: Sum Total Weekly Gross Pay
$________+ $________= $________
SCENARIO 1.2: Andre works part-time at the community electronics repair shop. Last week, his gross paystub recorded exactly $252.00 in gross pay for a recorded schedule of 16 standard hours. Trace backwards to identify his base hourly rate.
Step 1: Write Derived Formula (Hourly Rate isolate)
Hourly Rate =____________\(\div\)__________
Step 2: Substitute Scenario Values
Hourly Rate = $__________\(\div\)____hours
Step 3: Solve for Exact Hourly Rate
Solved Wage Rate = $____________/ hour
UNIT 1: COMPENSATION CALCULATIONS EXAM EVS CK12 SCHOOL DISTRICT PAGE 1 OF 3
SYS.LOC: EXAM_U1_STUDENT
UNIT 1 TEST: COMPENSATION CALCULATIONS
EVS CK12 School District • Business Mathematics
GRADED TEST SEMESTER 1 • QUARTER 1
SECTION 2
Time Card Conversion & Net Hours (35 Points)
SCENARIO 2.1: M. Ramirez is employed in customer care earning an hourly wage of $18.25 / hr. Ramirez's work schedules for four distinct shifts are documented below. You must convert times into raw hours and minutes, deduct unpaid lunch breaks, convert minutes into decimal forms, sum cumulative decimal hours, and determine total weekly gross pay.
MON: 08:00 AM – 04:30 PM Unpaid Break: 30 Mins
