Earning Money Signpost

Earning an income
Earning Money
Salaries and Wages
 A salary is a fixed annual (yearly) amount paid to an employee.
 A wage is money that is paid at an hourly rate to a person doing a job.
1 year = 52 weeks
= 26 fortnights
= 12 months
= 4 Quarters
And 1 month ≠4 weeks 1 Quarter = 3 months
Example1. Georgina works for 3 days a week and earns a salary of $670.85 per week. How
much does she earn per:
a) Fortnight? = $670.85 × 2 = $1341.70
b) Year? = $670.85 × 52 = $34 884.20
c) Month? = $34 884.20 ÷ 12= $2907.02 to the nearest cent
d) Quarter? =$670.85 × 13 = $8721.05
Exercise 1
Q1. Neil works for 3 days a week and earns a salary of $728.56 per week. How much does he
earn per:
a) fortnight? b) year? c) month? d) quarter?
Q2. Convert the following weekly salaries into the equivalent salary per:
Weekly Salary i) fortnight ii) year iii) month iv) quarter.
a) $914
b) $790
c) $1025.60
d) $984.60
e) $1378.94
Example2. Harry works full-time and earns a salary of $68600 p.a. How much does he earn
per:
a) Week? $68 600 ÷ 52 = $1319.23 to the nearest cent
b) Fortnight? $68 600 ÷ 26 = $2638.46 to the nearest cent
c) Month? $68 600 ÷ 12 = $5716.67 to the nearest cent
d) Quarter? $68 600 ÷ 4 = $17 150
Q3. Tara works full-time and earns a salary of $64800 p.a. How much does she earn per:
a) week? b) fortnight? c) month? d) quarter?
Q4. Convert the following yearly salaries to the equivalent salary per:
Annual Salary i) Weekly ii) fortnightly iii) month iv) quarter.
a) $52 400
b) $36 600
c) $95 370
d) $76 280
e) $82 900
Example3. Bruno is employed full-time and earns a salary of $4600 per month. What is his
equivalent weekly salary?
Yearly salary = $4600 × 12 = $55 200
Weekly salary = $55 200 ÷ 52 = $1061.54 to the nearest cent
Q5. Samantha is employed full-time and earns $6900 per month. What is her equivalent
weekly salary?
Q6. Convert the following monthly salaries to the equivalent weekly salaries.
a) $4200 b) $2890 c) $5635 d) $7000 e) $3599
Q7. Scott earns $68 840 p.a., Lisa earns $1350 per week, Paula earns $5700 per month and
Tranh earns $17050 per quarter. Who earns the most?
Example4. Ella works a 35-hour week as a waitress and is paid $23.86 per hour. What is her
weekly wage?
Weekly wage = $23.86 × 35 = $835.10
Q8. Dean works a 35-hour week and is paid $21.70 per hour. What are his weekly wages?
Q9. Calculate the weekly wages for a person who works a 37-hour week and is paid:
a) $18.90/h b) $22.30/h c) $26.48/h d) $53.67/h e)
$84.50/h
Example5. Yoshi earns $992.50 for working a 25-hour week as a security guard. What is his
hourly rate of pay?
Hourly rate = $992.50 ÷ 25 = $39.70
Q10. Lauren earns $715 for working a 25-hour week. What is her hourly rate of pay?
Q11. Calculate the hourly rate of pay for Phil who works a 27-hour week and is paid the
following weekly wages:
a) $710 b) $877.50 c) $605 d) $485 e) $447.50
Answers (Exercise 1)
5. $1592.31 6. a) $969.23 b) $666.92 c) $1300.38 d) $1615.38

e) $830.54
7. Lisa ($70 200 p.a.) 8. $759.50
9. a) $699.30 b) $825.10 c) $979.76 d) $1985.79 e) $3126.50
10. $28.60/h 11. a) $26.29/h b) $33.50/h c) $22.40/h d)$17.96/h

e) $16.57/h
Example 6. Sophie works a 38-hour week and is paid $28.75 per hour. How much does she
earn in
a) week? = $28.75 × 38 = $1092.50
b) fortnight? = $1092.50 × 2 = $2185
c) year? = $1092.50 × 52 = $56 810
d) average month? = $56 810 ÷ 12 = $4734.17 to the nearest cent
Q12. Trevor earns $17.20 per hour and works a 36-hour week. How much does he earn in a:
a) week? b) fortnight? c) year? d) average month?
Q13. If a person is paid the following hourly rates for a 38-hour week, how much do they
earn in a:
i) week ii) fortnight iii) year iv) month
a) $43/h
b) $27.60/h
c) $52.90/h
d) $18.45/h
Example7. Frisco has casual work at a fast-food store. He is paid $6.50 per hour Monday to
Friday and $9.80 per hour over the weekends. Calculate his total pay for a week in which he
worked from 5.30 pm to 10 pm on Friday and from 6 pm to 9.15 pm on Saturday.
Friday 5.30 pm to 10 pm is 4.5 hours = $6.50 × 4.5 = $29.25
Saturday 6 pm to 9.15 pm is 3.25 hours= $9.80 × 3.25 = $31.85
Total earned = $29.25 + $31.85 = $61.10
Q14. Juan has casual work for which he is paid $7.20 per hour Monday to Friday, and $10 per hour
on the weekends. Calculate his total pay for a week in which he worked from 5 pm to 10 pm on
Thursday and from 2.30 pm to 7.00 pm on Saturday.
Q15. Mimi worked the following hours in one week.
Wednesday 5.30 pm to 9.00 pm
Thursday 6.45 pm to 9.00 pm
Friday 7 pm to 11 pm
If her pay is $8.30 per hour up to 9.00 pm and $10.08 per hour after that, what is her total pay?
Answers
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Earning an income

5. $1592.31 6. a) $969.23 b) $666.92 c) $1300.38 d) $1615.38

7. Lisa ($70 200 p.a.) 8. $759.50

9. a) $699.30 b) $825.10 c) $979.76 d) $1985.79 e) $3126.50

10. $28.60/h 11. a) $26.29/h b) $33.50/h c) $22.40/h d)$17.96/h

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