mnu 3-09b mnu 4-09b 5-dec-15created by mr. lafferty maths dept. wages & salaries hourly rates /...

Post on 14-Jan-2016

214 Views

Category:

Documents

1 Downloads

Preview:

Click to see full reader

TRANSCRIPT

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Wages & Wages & SalariesSalaries

Hourly Rates / Wages

ww

w.m

ath

srevis

ion

.com

Wage RisesCommission WagesOvertime PayGross - Deductions = NET pay

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Starter Starter QuestionsQuestions

Q1. Round the following to 1 decimals places.

(a) 24.44647 (b) 21.66732 (c) 13.98111

12. How many degrees in a of a circle

10

3. Put in order, smallest first.

0.02, 0.21, 0.20, 0.10

ww

w.m

ath

srevis

ion

.com

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Learning IntentionLearning Intention Success CriteriaSuccess Criteria

1.1. Understand the terms wage Understand the terms wage and salary. and salary.

1. We are learning about hourly rate, wages and salaries calculated.

2.2. Calculate wage / salary Calculate wage / salary given hourly rate.given hourly rate.

ww

w.m

ath

srevis

ion

.com

Wages & SalariesWages & Salaries

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Wages / Salary : How much a person is paid to do a job.Can be measured weekly, monthly orannually.

ww

w.m

ath

srevis

ion

.com

Salaries & OvertimeSalaries & Overtime

Hourly rate : How much you get paid for an hours work.

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

£6.50 x 38 = £247.00Pay is =

ww

w.m

ath

srevis

ion

.com Example :

Sean the mechanic hourly rate of pay is £6.50.Last week he worked 38 hours. What is his basic pay?

Salaries & OvertimeSalaries & Overtime

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

£10.50 x 40 = £420.00Pay is =

ww

w.m

ath

srevis

ion

.com Example :

Adam is a joiner his hourly rate of pay is £10.50.He works 40 hours a week. What is his basic pay?

Salaries & OvertimeSalaries & Overtime

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

£200 ÷ 40 = £5.00Hourly rate is =

ww

w.m

ath

srevis

ion

.com Example :

Nathan the gardener is paid £ 200 a week. He works 40 hours a week. What is his hourly rate?

Salaries & OvertimeSalaries & Overtime

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

£153.60 ÷ 32 = £4.80Pay is =

ww

w.m

ath

srevis

ion

.com Example :

Chris starts a new job and is promised a hourly rate of£4.90. His wage for the week was £153.60 for 32 hours of work. Was the employers promise true.

Salaries & OvertimeSalaries & Overtime

False !

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Annual Wage / Salary

How much a person is paid in a year.

ww

w.m

ath

srevis

ion

.com

Salaries & OvertimeSalaries & Overtime

12 months in a year

52 weeks in a year

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.ww

w.m

ath

srevis

ion

.com Example :

Michael gets an annual salary of £ 30 000. What is his monthly wage.What is his weekly wage.

Salaries & OvertimeSalaries & Overtime

£30 000 ÷ 12 = £ 2 500Monthly wage:

Weekly wage : £30 000 ÷ 52 = £ 576.92

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

£1 500 x 12 = £ 18 000Annual salary is =

ww

w.m

ath

srevis

ion

.com Example :

Georgia gets paid £ 1 500 in a month. What is her annual Salary.

Salaries & OvertimeSalaries & Overtime

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

£239 x 52 = £ 12 428Annual Salary =

ww

w.m

ath

srevis

ion

.com Example :

Caitlin is a shop assistant and gets paid £239 a week. How much is her annual salary.

Salaries & OvertimeSalaries & Overtime

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

£1 100 x 12 = £ 13 £1 100 x 12 = £ 13 200200

Annual Salary = Annual Salary =

ww

w.m

ath

srevis

ion

.com

Example :

A mechanic gets paid £1 100 a month. A bus driver gets paid £260 a week.

Who gets the better annual salary.

Salaries & OvertimeSalaries & Overtime

Mechanic :Mechanic :

Bus Driver :Bus Driver : £260 x 52 = £ 13 520£260 x 52 = £ 13 520Annual Salary = Annual Salary =

Bus driver has better annual wage

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths DepartmentCreated by Mr. Lafferty Maths Department

Now try TJ3aEx 1

Ch13 (page 113 )

ww

w.m

ath

srevis

ion

.com

Wages & SalariesWages & Salaries

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Starter QuestionsStarter Questionsw

ww

.math

srevis

ion

.com 1. 7 + 4x9

2. Calculate 30% of 60

3. What is the perimeter and area

of a square with length 10cm.

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Learning IntentionLearning Intention Success CriteriaSuccess Criteria

1. We are learning to calculate an increase in wages.

1.1. Calculate a percentage rise.Calculate a percentage rise.

ww

w.m

ath

srevis

ion

.com

Wages & SalariesWages & Salaries

2.2. Calculate new wages after a Calculate new wages after a percentage rise.percentage rise.

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.ww

w.m

ath

srevis

ion

.comExample :

Henrik gets paid £60 for playing for his local football team. He gets a bonus of £30 for every goal he scores.

If he scored a hat-trick in a game. How much was he paid.

Salaries & OvertimeSalaries & Overtime

60 + 3 x 30 = 60 + 90 = £15060 + 3 x 30 = 60 + 90 = £150Paid :Paid :

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Compiled by Mr. Lafferty Maths Dept.Compiled by Mr. Lafferty Maths Dept.

Remember money

2 decimal places

Find 3% of £450

How to Find a How to Find a Percentage using a Percentage using a

CalculatorCalculatorof

means multiple

3 450100

3 100 450

£ 13.50

ww

w.m

ath

srevis

ion

.com

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.ww

w.m

ath

srevis

ion

.com Example :

Rachael earned an annual salary of £ 20 000 last year. She receives a 10% rise this year. What is her new salary.

Salaries & OvertimeSalaries & Overtime

10 10 ÷ ÷ 100 x £20 000 = £ 2 000100 x £20 000 = £ 2 000Rise :Rise :

New salary :New salary : £20 000 + £2 000 = £ 22 £20 000 + £2 000 = £ 22 000000

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.ww

w.m

ath

srevis

ion

.com Example :

Kerr earned an annual salary of £ 18 000 last year. He receives a 4% rise this year. What is his new salary.

Salaries & OvertimeSalaries & Overtime

4 ÷ 100 x £18 000 = £ 720Rise :

New salary :£18 000 + £720 = £ 18 720

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths DepartmentCreated by Mr. Lafferty Maths Department

Now try TJ3aEx 2

Ch13 (page 116)

ww

w.m

ath

srevis

ion

.com

Wages & SalariesWages & Salaries

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Starter Starter QuestionsQuestions

Q1. How much should I get if I work30 hours at a rate of £5 per hour.

Q3. Find 25% of 50

Q2. Find the missing angle

ww

w.m

ath

srevis

ion

.com

33o

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Learning IntentionLearning Intention Success CriteriaSuccess Criteria

1. We are learning to work out wages when commission is involved.

1.1. Understand the term Understand the term commission.commission.

ww

w.m

ath

srevis

ion

.com

Wages & SalariesWages & Salaries

2.2. Calculate wages involving Calculate wages involving commission.commission.

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Commission : Money earned based on how much you sell. Usually expressed as a percentage.

ww

w.m

ath

srevis

ion

.com

Salaries & OvertimeSalaries & Overtime

Write some people who get commission

Car sales person

Double glazing sales person

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.ww

w.m

ath

srevis

ion

.comExample :

Liam sells double glazing. He is paid a commission of 15% on any windows he sells. Last month he sold £ 30 000 worth of windows.

How much commission was he paid ?

Salaries & OvertimeSalaries & Overtime

15 ÷ 100 x £30 000 = £ 4500

Commission :

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.ww

w.m

ath

srevis

ion

.com Example :

Caitlin is a door to door cosmetic saleswoman. She gets 7% commission on everything over £500 she sells. During the Christmas period she sold £6500Worth of products. How much commission was she paid ?

Salaries & OvertimeSalaries & Overtime

£6500 – £500 = £ 6000Value over £ :

7 ÷ 100 x £6 000 = £ 420Commission :

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.ww

w.m

ath

srevis

ion

.com Example :

Lewis gets a basic salary of £150 a week plus 5% ofthe total value of doors he sells. He sold £4000 worth of doors last week.How much did he earn last week ?

Salaries & OvertimeSalaries & Overtime

5 ÷ 100 x £4 000 = £ 200Commission :

£150 + £200 = £ 350Total wage :

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths DepartmentCreated by Mr. Lafferty Maths Department

Now try TJ3aEx 3

Ch13 (page 118)

ww

w.m

ath

srevis

ion

.com

Wages & SalariesWages & Salaries

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Starter Starter QuestionsQuestions

Q1. Find value of x when x + 4 = 16

Q3. Find 20 % of 150

Q2. Find two missing angles

ww

w.m

ath

srevis

ion

.com

32o

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Learning IntentionLearning Intention Success CriteriaSuccess Criteria

1. To explain how to work out wages which include overtime rates.

1.1. Understand the terms Understand the terms overtime, ‘double time’ and overtime, ‘double time’ and ‘time and a half’.‘time and a half’.

ww

w.m

ath

srevis

ion

.com

Wages & SalariesWages & Salaries

2.2. Calculate wages with Calculate wages with overtime.overtime.

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Overtime : When you do extra work above your basic hours.

ww

w.m

ath

srevis

ion

.com

Salaries & OvertimeSalaries & Overtime

You get a better hourly rate for overtime.

Write down the two common rates of overtime

Double time (x2)

Time and a half (x1.5)

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

4 x 2 x £6 = £48.004 hours Overtime is =

ww

w.m

ath

srevis

ion

.com Example :

Sean the painter works for £6.00 per hour. His overtime rate is “Double time”. What does he get paid for 4 hours overtime.

Salaries & OvertimeSalaries & Overtime

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

5 x £8 x 2 = £80.005 x £8 x 2 = £80.005 hours overtime is = 5 hours overtime is =

ww

w.m

ath

srevis

ion

.com

Example : Jordan the gardener works a basic 40 hours a week. He does 5 hours overtime at ‘double time’ on Saturday. His hourly rate is £8 per hour. Work out his overtime pay and then his total pay.

Salaries & OvertimeSalaries & Overtime

40 x £8 = £320.0040 x £8 = £320.0040 hours basic time is 40 hours basic time is = =

Total pay is = £320 + £80 = £400Total pay is = £320 + £80 = £400

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

4 x £6 x 1.5 = £36.004 x £6 x 1.5 = £36.004 hours overtime is = 4 hours overtime is =

ww

w.m

ath

srevis

ion

.com

Example : Tim the shop assistance works a basic 30 hours a week. He does 4 hours overtime at ‘time and a half’ on Sunday. His hourly rate is £6 per hour. Work out his overtime pay and then his total pay.

Salaries & OvertimeSalaries & Overtime

30 x £6 = £180.0030 x £6 = £180.0030 hours basic time is 30 hours basic time is = =

Total pay is = £36 + £180 = £216.00Total pay is = £36 + £180 = £216.00

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths DepartmentCreated by Mr. Lafferty Maths Department

Now try TJ3aEx 4

Ch13 (page 120)

ww

w.m

ath

srevis

ion

.com

Wages & SalariesWages & Salaries

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Starter QuestionsStarter Questionsw

ww

.math

srevis

ion

.com 1.Two numbers add to give 12 and

divide to give 3. Find the two numbers.

2. Two numbers subtract to give 5 and

multiply to 24. Find the two numbers.

3. Make your own question up.

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Learning IntentionLearning Intention Success CriteriaSuccess Criteria

1. To explain how to work out NET pay.

1.1. Understand the terms Gross, Understand the terms Gross, Deductions and NET pay.Deductions and NET pay.

ww

w.m

ath

srevis

ion

.com

Wages & SalariesWages & Salaries

2.2. Calculate NET pay.Calculate NET pay.

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Gross Pay : What you are paid by the employer.

ww

w.m

ath

srevis

ion

.com

Salaries & OvertimeSalaries & Overtime

TaxNational

Insurance

Deductions : Taken off your wages.

Net Pay : Your take home pay.

Write down some

Pension

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.ww

w.m

ath

srevis

ion

.com

Example : Calculate the Net wage for the following :

Salaries & OvertimeSalaries & Overtime

GrossGross DeductionDeductionss

Net WageNet Wage

£15 550£15 550 £3 400£3 400

£13 025£13 025 £2 905£2 905

£22 430£22 430 £5 094£5 094

£12 150

£10 120

£17 336

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

I ncome Basic £650.00 O/T £54.00 Bonus - Total

Deductions Tax £102.00 Nat Ins. £25.00 Pension £22.00 Total

NET PAY

Name : Bill Smith

ww

w.m

ath

srevis

ion

.com

Example : Calculate the Net wage for this payslip :

Salaries & OvertimeSalaries & Overtime

704.00149.00555.00

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

I ncome Basic £603.65 O/T £85.50 Bonus £50.00 Total

Deductions Tax £142.75 Nat Ins. £30.72 Pension £34.29 Total

NET PAY

Name : J oe Bloggs

ww

w.m

ath

srevis

ion

.com

Example 3 : Calculate the Net wage for this payslip :

Salaries & OvertimeSalaries & Overtime

739.15207.76531.39

MNU 3-09bMNU 4-09b

21 Apr 202321 Apr 2023 Created by Mr. Lafferty Maths DepartmentCreated by Mr. Lafferty Maths Department

Now try TJ3aEx 5

Ch13 (page 122)

ww

w.m

ath

srevis

ion

.com

Wages & SalariesWages & SalariesHave you updated your Learning Log ?

top related