s4 foundation wages salaries mia

8/6/2019 S4 Foundation Wages Salaries MIA

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19 Jul 201119 Jul 2011 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Wages & SalariesWages & Salaries

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Annual Salaries / Weekly wages

Hourly rate and WagesWage Rises

Commission Wages

Overtime Pay

Gross - Deductions = NET pay

Timesheet

Savings




Starter QuestionsStarter Questions

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2. Calculate 15% of 60

3. What is the perimeter and areaof a square with length 4cm.




Learning IntentionLearning

Intention Success CriteriaSuccess Criteria

1.1. Understand the term annualUnderstand the term annualsalary.salary.

1. To explain how to work outannual salary / weeklywage.

2.2. Calculate annual salary andCalculate annual salary andweekly wages.weekly wages.

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Annual Wage / Salary : How much a person is paid in a year.

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Salaries & OvertimeSalaries & Overtime

12 months in a year

52 weeks in a year

7 days in a week




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

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Example 1 :

Shaun gets paid £ 1 500 in a month.What is his annual Salary.





£239 x 52 = £ 12 428£239 x 52 = £ 12 428Annual Salary =Annual Salary =

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Example 2 :

A shop assistant gets paid £239 a week.

How much is her annual salary.





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Example 3 :

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


£30 000£30 000 ÷÷ 12 = £ 2 50012 = £ 2 500Monthly wage:Monthly wage:

Weekly wage :Weekly wage : £30 000£30 000 ÷÷ 52 = £ 576.9252 = £ 576.92




Now try Ex 3.1

MIA (page 4)

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c o m 1. 7 + 4x9

2. Calculate 30% of 60

3. What is the perimeter and areaof a square with length 10cm.




Learning IntentionLearning Intention Success CriteriaSuccess Criteria

1.1. Understand the terms wageUnderstand the terms wageand salary.and salary.

1. To explain how to calculatewages.

2.2. Calculate wage / salary givenCalculate wage / salary givenhourly rate.hourly rate.

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

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Hourly rate : How much you get paid foran hours work.




£6.50 x 5 = £32.50£6.50 x 5 = £32.50Pay is =Pay is =

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Example 1 :

Mick the mechanic hourly rate of pay is £6.50.Last week he worked 5 hours. What is his basic pay?





£10.50 x 40 = £420.00£10.50 x 40 = £420.00Pay is =Pay is =

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Example 2 :

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





Now try Ex 3.2

MIA (page 5)

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Q1. Round the following to 2 decimalsplaces.

(a) 3.5647 (b) 4.55732 (c) 3.98111

12. How many degrees in an of a circle

8

3. Put in order, smallest first.

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1. To work out hours workedfrom a time sheet usingthe counting method.

1.1. Calculate hours worked.Calculate hours worked.

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TimesheetTimesheet

Name : Joe Bloggs Employee N0. 12345 Week10

In Out In Out Total hours

worked

Mon 0800 1200 1300 1700 8

Tue 0800 1200 1330 1730 8

Wed 0830 1230 1300 1630 7.5

Thurs 0800 1300 1400 1700 8

Fri 0800 1230 1400 1630 7

Total 38.5

RemembercountingMethod




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Example 1 :

Frances starts work at 7.30am and finishes at 3pm.How many hours did she work.


8.00am8.00am7.30am7.30am 3pm3pm

Total 30mins + 7hours = 7hours 30 minsTotal 30mins + 7hours = 7hours 30 mins

30mins30mins 7 hours7 hours




Now try Ex 4.1

Ch 1 (page 6)

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Q1. How much should I get if I work40 hours at a rate of £7 per hour.

Q3. Find 20% of 150

Q2. Find the missing angle

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19 Jul 201119 Jul 2011

Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.


1. To explain how to work outwages which includeovertime rates.

1.1. Understand the termsUnderstand the termsovertime, ‘double time’.overtime, ‘double time’.

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



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Overtime : When you do extra work above your basic

hours.

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You get a better hourly rate for overtime.

Write down the two common rates of overtime

Double time(x2)

Time and ahalf (x1.5)



19 Jul 201119 Jul 2011


S4

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

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Example 1 :

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





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

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Example 2 : John 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.


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




Now try Ex 4.2

Ch 1 (page 8)Even questions

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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

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1. To explain how to work outwages when commission isinvolved.

1.1. Understand the termUnderstand the termcommission.commission.

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2.2. Calculate wages involvingCalculate wages involvingcommission.commission.




Commission : Money earned based on how much

you sell. Usual expressed as apercentage.

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Write some people who get commission

Car sales person

Double glazing sales person




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Example 1 :

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

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


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




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Example 2 :

Ted sells car. He is paid a commission of 5% on any carshe sells. Last week he sold £ 20 000 worth of cars.How much commission was he paid ?


55 ÷÷ 100 x £20 000 = £ 1 000100 x £20 000 = £ 1 000Commission :Commission :




Now try Ex 6.1 & 6.2

Ch 1 (page 11)

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1.Two numbers add to give 12 and divideto give 3. Find the two numbers.

2. Two numbers subtract to give 5 andmultiply to 24. Find the two numbers.

3. Make your own question up.





1. To explain how to work outNET pay.

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

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2.2. Calculate NET pay.Calculate NET pay.




Gross Pay : What you are paid by the employer.

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Tax

NationalInsurance

Deductions : Taken off your wages.

Net Pay : Your take home pay.

Write down

some

Pension



19 Jul 201119 Jul 2011 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept. w w w

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Example 1 : Calculate the Net wage for the following :


GrossGross DeductionsDeductions 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




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Example 2 : Calculate the Net wage for this payslip :


704.00149.00555.00




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Example 3 : Calculate the Net wage for this payslip :


739.15207.76531.39




Now try Ex 7.1

Ch 1 (page 14)

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1. To explain how to calculatesavings. 2.2. Calculate saving over a periodCalculate saving over a periodtime.time.

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£12.50 x 6 = £75.00£12.50 x 6 = £75.00Saving is =Saving is =

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Example 1 :

Mick saves £12.50 each week.How much does he save in 6 weeks?





Now try Ex 8.1

MIA (page 17)

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s4 foundation wages salaries mia

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