Worksheet for Financial Manangement Projectx

Unit 2 Lesson 1 Mastery Assignment 1
Unit 2 Lesson 1 Mastery Assignment 1
NAME ______________________________
DATE _______________________________
Directions: Complete each section of the worksheet below according to the directions.
Section 1: Hourly Wages
Part 1: Job Choice
Select one of the hourly wage jobs below from the Occupational Outlook Handbook
based on your interests and abilities.
Choice A: CASHIER
Choice B: VETERANARY ASSISTANT
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Unit 2 Lesson 1 Mastery Assignment 1
Choice C: CHILDCARE WORKER
Choice D: COOK
I choose choice ______ and the median hourly wage is ___________________.
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Unit 2 Lesson 1 Mastery Assignment 1
Part 2: Gross Pay
Calculate the gross pay you would make if you worked 35 hours in a week at this job.
This is regular pay with no overtime. Use the median pay per hour as your hourly
wage.
GROSS PAY = _________________________
Part 3: Gross Pay with Overtime
Calculate how much you would make if you worked 45 hours in a week. Use the
overtime table below to help you.
STEP 1 –
STEP 2 –
STEP 3 –
STEP 4 –
Number of
Regular Pay
Overtime
Overtime Pay
Overtime Hours
Hourly Wage
Number of
40 x hourly wage Hourly wage x
Overtime hours x
overtime hours:
1.5
Overtime pay
Hours worked40
Total Pay:
Add Regular Pay (Part 2) and Overtime Pay (Part 3) to calculate TOTAL gross pay for
45 hours
TOTAL GROSS PAY _______________________
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Unit 2 Lesson 1 Mastery Assignment 1
Section 2: Piece Rate Wages
Part 1: Job Choice
Select one of the piece rate jobs below based on your interests and abilities.
CHOICE E: WIDGET ASSEMBLY WORKER
Assembles widgets at a factory. The company expects 560 widgets to be assembled
in an 8 hour shift. The piece rate pay is $.12 per widget assembled.
CHOICE F: TOY LINE ASSEMBLY WORKER
Attaches plastic arms to superhero toys at a factory. The company expects 800 toys to
be assembled in an 8 hour shift. The piece rate pay is $.08 per toy assembled.
CHOICE G: SWEATER DYER
Dyes sweaters at a factory. The company expects 400 sweaters to be dyed in an
8 hour shift. The piece rate is $.15 per sweater dyed.
CHOICE H: ELECTRONIC ASSEMBLY WORKER
Operates a machine that screws the front and back of video game consoles together.
The company expects 880 consoles to be completed in an 8 hour shift. The piece rate
pay is $.07 per game console assembled.
I choose choice _______.
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Unit 2 Lesson 1 Mastery Assignment 1
Part 2: Production Rate
Calculate the hourly production rate for job you chose.
PRODUCTION RATE ___________________
Part 3: Gross Pay
Calculate the gross pay for the job you chose if production rate is made for an 8 hour
shift.
GROSS PAY for 8 hours ________________
Section 3: PhotoPeach
Complete a PhotoPeach following the directions below.
1. Use Google images to find the following:

Two images to represent your hourly wage job choice.

Two images to represent your piece rate job choice
Save these images on your computer in a place where you can find them again!!
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Unit 2 Lesson 1 Mastery Assignment 1
2. Create a PhotoPeach with these images. You will watch the video in the course to
get started if you have never used PhotoPeach before. You will need to create a
USERNAME and PASSWORD.
3. Set up your PhotoPeach as follows:
Slide 1: 1st photo of Hourly Wage job. At the bottom, of the slide put in your answer
from Section 1 Part 2: Gross Pay.
Slide 2: 2nd photo of Hourly Wage job. At the bottom, of the slide put in your answer
from Section 1 Part 3: Gross Pay with Overtime.
Slide 3: 1st photo of Piece Rate job. At the bottom, of the slide put in your answer
from Section 2 Part 2: Production Rate.
Slide 4: 2nd photo of Piece Rate job. At the bottom, of the slide put in your answer
from Section 2 Part 3: Gross Pay.
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