Personal Finance – 11/29/206
I. Bellwork – Show your work
A. Nabil gets a commission of 5% of all sales & gets additional commission of 1% for sales over $40,000. He had sales of $60,000. What is his commission?
B. Hussein’s base monthly salary is $2000. He makes a 4% commission on sales up to $25,000 and an 8% commission on all sales between $25,000-$60,000. He had sales of $50,000. What’s his monthly income?
II. Objectives
- Determine how to calculate wages for piecework jobs
- Explain how to calculate net wages given situations which vary in exemptions and wages
III. Classwork:
- 1.8 Piecework Wages on iLearn
- H R Block Challenge
- Banzai Simulation
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