Payroll Mastery Assessment

Business Mathematics • Unit 1 Compensation

Name:

Date:

Score:

/ 100

Part I: Hourly Wages & Overtime 30 Points

1. Taylor earns $18.50/hour. She worked 46 hours this week. Calculate total gross pay (including 1.5x overtime). (10 pts)

Show Work

Gross Pay

$

2. Base: $21.00/hour. Sunday pay: Double Time (2x). Worked 4 hours on Sunday and 35 regular hours. Find total pay. (10 pts)

Show Work

Gross Pay

$

3. 42 minutes to decimal hour (5 pts)

0.______ hr

4. Manufacturing piecewise function (x = units produced): (15 pts)

Pay =

{

0.95x if x ≤ 200

190 + 1.25(x - 200) if x > 200

Calculate pay for producing 240 units.

Work Area

$

5. Why use a Differential Piece-Rate instead of a flat rate? (5 pts)

6. Annual salary: $54,600. Find single Bi-Weekly gross pay. (10 pts)

$

7. Realtor earns 3% commission on sale of $320,000. Find total. (10 pts)

$

8. Graduated Commission Challenge (20 pts)

Sales: $45,000

First $10k

2%

Next $20k

5%

Over $30k

8%

Tier 1: $10,000 × 0.02 $ __________

Tier 2: $20,000 × 0.05 $ __________

Tier 3: $15,000 × 0.08 $ __________

Total Commission:

$