Pay structures vary.
Try this
40
pay = $18/hr, with 1.5× overtime above 40 hr = —
Gross vs net pay
Gross pay is what you earn before deductions. Net pay (take-home) is what lands in your account after tax, insurance and retirement contributions — often 20-35% less.
Try it
45 hours at $18/hr with 1.5× overtime above 40
Regular: 40 × 18 = $720. Overtime: 5 × 27 = $135. Total = $855.
Your turn
You earn $52,000 a year. Roughly what is that per month before tax?
Common types
- Hourly — pay × hours worked.
- Salary — fixed amount per month/year.
- Commission — percentage of sales.
- Overtime — usually 1.5× hourly above 40 hr/week.