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Study Guide: Business Mathematics: Payroll - Gross Pay
Source: https://www.fatskills.com/business-math/chapter/business-mathematics-gross-pay

Business Mathematics: Payroll - Gross Pay

By Fatskills Exam Guides Team — the exam nerds behind 28,500+ quizzes and 2.1M practice questions across 500+ global exams.

⏱️ ~1 min read

Gross pay is the total amount of money—before any deductions—that an employer will pay and is generally determined through negotiations between the employer and the employee. The employer, however, must conform with all applicable federal and state laws (minimum wage, and so on).
Gross pay for wage earners is generally computed by using an individual time card.

Time Card
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Example 1
Marcia Braunstein’s weekly time card is shown below.

Time Card
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From the time card, we can compute the gross pay as follows:
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Solved Problems

3.1 David Rasnick worked 36½ hours last week at an hourly rate of $8.00. Find his gross pay.
 

Solution
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3.2 For the week ending June 5, Carol Berg worked 40 hours at an hourly rate of $6.70. Determine her gross pay for the week.
Solution
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3.3 Find, to the nearest cent, the gross pay of an employee who worked 26¼ hours at an hourly rate of $8.50.
Solution
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3.4 For the following employees of Honeywell Advertising Company, determine the total hours worked and the gross pay, to the nearest cent.
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Solution
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