Calculating Gross Income with Gratiuities
Calculating Gross Income with Gratiuities
When creating a budget the server needs to figure out their average weekly income. Before tips, the server get paid $4.15/ hour. Tips are calculated based off the food sales and the gratiuity percentage customers choose to pay (this typically averages out to anywhere between 17 - 20%). They pulled their sales, gratituity percentage, and their hourly income for the past 3 weeks. Summarize the weeks income by using the terms gratiuity, sales, hourly income, and average. Explain how you would use this information to create a budget. Also note any trends in the income and how to potentially increase the servers income in the future.
Week 1:
Hours worked: 14 (Saturday, Sunday & Thursday evening)
Food Sales: $3,950
Gratiuity percent: 18.5%
Week 2:
Hours worked: 32 (Monday-Thursday day shift)
Food Sales: $2,895
Gratiuity percent: 18.9%
Week 3:
Hours worked: 28 (Wednesday-Saturday evenings)
Food Sales: $4,505
Gratiuity percent: 19.1%
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