Hourly_notes

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Class ___________________ Date ________ Name ____________________________

Earning a Salary vs. Working for an Hourly Rate

Bell work: Consider a career in which a person could expect to make a salary of $38,500 per year after only two years on the job.

Question: Is that person earning more or less than a welder who makes $21.00 per hour?

Show your work here. You are allowed to use a calculator to find your answer, but write down the steps you used.

Objective: Restate in your own words what today’s lesson is about. _________________________________________

The slide presentation shows two methods of solving the bell-work problem. Be sure to write down the solution that is different from the method you used.

Example: $95,700 annual salary is comparable to an hourly rate of ____? Show your work in the space below.

Example: Minimum + $7.90 plus $0.79 = ____________ per hour. 25 hours every week for 2 years.

Total of 5 weeks off (no pay) for sick leave and vacation…How much did you earn in 2 years? Show work in the space below:

Example: Hard work pays… Is there any way a person who works at a rate of $32.50 per hour could possibly make more than someone who makes a salary of $68,000 per year? Justify your answer mathematically and realistically in the space below. (You may have to think outside the box, but write the math steps inside the box.) Be prepared to present your solution to the class.

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