Smartacus Study Sheet: Payroll

• Gross Pay, the total sum of all taxable wages to be paid an employee.
• A Commision is a percentage of the total sales generated by that person.
• Hourly Rate a fixed amount of money per hour for services rendered.
• Piece Work Rate a fixed amount of money for each item satisfactorily produced or assembled.

Calculating Commissions

Commissions = Sales x Rate

Gross Pay Using Hourly Wages

Gross Pay = (Regular Rate x Regular Hours) + (Overtime Rate x Overtime Hours)

Gross Pay Using Piece Work Rate

Gross Pay = (Sum of Pieces) x (Rate)

Get More Help!

Click one of these links to get more help from another Cramlet in this same chapter:

• Smartacus Study Sheet: Payroll
• Gross Pay Using Piece Work Rate
• Gross Pay Using Hourly Wages
• Calculating Commissions