Wages Salaries www mathsrevision com MNU 3 09

Wages & Salaries www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Hourly Rates / Wages Wage Rises Commission Wages Overtime Pay Gross - Deductions = NET pay 21 -May-21 Created by Mr. Lafferty Maths Dept.

Starter Questions www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b 21 -May-21 Created by Mr. Lafferty Maths Dept.

Wages & Salaries www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Learning Intention Success Criteria 1. We are learning about hourly rate, wages and salaries calculated. 1. Understand the terms wage and salary. 2. Calculate wage / salary given hourly rate. 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Wages / Salary : How much a person is paid to do a job. Can be measured weekly, monthly or annually. Hourly rate : How much you get paid for an hours work. 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. com Example : Sean the mechanic hourly rate of pay is £ 6. 50. Last week he worked 38 hours. What is his basic pay? Pay is = £ 6. 50 x 38 = £ 247. 00 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Example : Adam is a joiner his hourly rate of pay is £ 10. 50. He works 40 hours a week. What is his basic pay? Pay is = £ 10. 50 x 40 = £ 420. 00 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Example : Nathan the gardener is paid £ 200 a week. He works 40 hours a week. What is hourly rate? Hourly rate is = £ 200 ÷ 40 = £ 5. 00 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b 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. Pay is = £ 153. 60 ÷ 32 = £ 4. 80 False ! 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Annual Wage / Salary How much a person is paid in a year. 12 months in a year 52 weeks in a year 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. com Example : Michael gets an annual salary of £ 30 000. What is his monthly wage. What is his weekly wage. Monthly wage: £ 30 000 ÷ 12 = £ 2 500 Weekly wage : £ 30 000 ÷ 52 = £ 576. 92 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Example : Georgia gets paid £ 1 500 in a month. What is her annual Salary. Annual salary is = £ 1 500 x 12 = £ 18 000 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. com Example : Caitlin is a shop assistant and gets paid £ 239 a week. How much is her annual salary. Annual Salary =£ 239 x 52 = £ 12 428 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. com Example : A mechanic gets paid £ 1 100 a month. A bus driver gets paid £ 260 a week. Who gets the better annual salary. Mechanic : Annual Salary = £ 1 100 x 12 = £ 13 200 Bus Driver : Annual Salary = £ 260 x 52 = £ 13 520 Bus driver has better annual wage 21 -May-21 Created by Mr. Lafferty Maths Dept.

Wages & Salaries www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Now try TJ 3 a Ex 1 Ch 13 (page 113 ) 21 -May-21 Created by Mr. Lafferty Maths Department

Starter Questions www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b 21 -May-21 Created by Mr. Lafferty Maths Dept.

Wages & Salaries www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Learning Intention Success Criteria 1. We are learning to calculate an increase in wages. 21 -May-21 1. Calculate a percentage rise. 2. Calculate new wages after a percentage rise. Created by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. com Example : 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. Paid : 60 + 3 x 30 = 60 + 90 = £ 150 21 -May-21 Created by Mr. Lafferty Maths Dept.

of How to Find a Percentage means using a Calculator multiple www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Find 3% of £ 450 Remember money 2 decimal places 21 -May-21 Compiled by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. com Example : Rachael earned an annual salary of £ 20 000 last year. She receives a 10% rise this year. What is her new salary. Rise : 10 ÷ 100 x £ 20 000 = £ 2 000 New salary : £ 20 000 + £ 2 000 = £ 22 000 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Example : Kerr earned an annual salary of £ 18 000 last year. He receives a 4% rise this year. What is his new salary. Rise : 4 ÷ 100 x £ 18 000 = £ 720 New salary £ : 18 000 + £ 720 = £ 18 720 21 -May-21 Created by Mr. Lafferty Maths Dept.

Wages & Salaries www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Now try TJ 3 a Ex 2 Ch 13 (page 116) 21 -May-21 Created by Mr. Lafferty Maths Department

Starter Questions www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Q 1. How much should I get if I work 30 hours at a rate of £ 5 per hour. Q 2. Find the missing angle Q 3. Find 25% of 50 21 -May-21 Created by Mr. Lafferty Maths Dept. 33 o

Wages & Salaries www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Learning Intention Success Criteria 1. We are learning to work out wages when commission is involved. 21 -May-21 1. Understand the term commission. 2. Calculate wages involving commission. Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Commission : Money earned based on how much you sell. Usually expressed as a percentage. Write some people who get commission Car sales person Double glazing sales person 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. com Example : 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 ? Commission : 15 ÷ 100 x £ 30 000 = £ 4500 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. 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 £ 6500 Worth of products. How much commission was she paid ? Value over £ : £ 6500 – £ 500 = £ 6000 Commission : 21 -May-21 7 ÷ 100 x £ 6 000 = £ 420 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. com Example : Lewis gets a basic salary of £ 150 a week plus 5% of the total value of doors he sells. He sold £ 4000 worth of doors last week. How much did he earn last week ? Commission : 5 ÷ 100 x £ 4 000 = £ 200 Total wage : £ 150 + £ 200 = £ 350 21 -May-21 Created by Mr. Lafferty Maths Dept.

Wages & Salaries www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Now try TJ 3 a Ex 3 Ch 13 (page 118) 21 -May-21 Created by Mr. Lafferty Maths Department

Starter Questions www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Q 1. Find value of x when x + 4 = 16 Q 2. Find two missing angles Q 3. Find 20 % of 150 21 -May-21 Created by Mr. Lafferty Maths Dept. 32 o

Wages & Salaries www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Learning Intention Success Criteria 1. To explain how to work out wages which include overtime rates. 1. Understand the terms overtime, ‘double time’ and ‘time and a half’. 2. Calculate wages with overtime. 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Overtime : When you do extra work above your basic hours. You get a better hourly rate for overtime. Write down the two common rates of overtime Double time (x 2) 21 -May-21 Time and a half (x 1. 5) Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b 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. 4 hours Overtime is = 4 x 2 x £ 6 = £ 48. 00 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. 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. 5 hours overtime is = 5 x £ 8 x 2 = £ 80. 00 40 hours basic time is = 40 x £ 8 = £ 320. 00 Total pay is = £ 320 + £ 80 = £ 400 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. 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. 4 hours overtime is = 4 x £ 6 x 1. 5 = £ 36. 00 30 hours basic time is = 30 x £ 6 = £ 180. 00 Total pay is = £ 36 + £ 180 = £ 216. 00 21 -May-21 Created by Mr. Lafferty Maths Dept.

Wages & Salaries www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Now try TJ 3 a Ex 4 Ch 13 (page 120) 21 -May-21 Created by Mr. Lafferty Maths Department

Starter Questions www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b 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. 21 -May-21 Created by Mr. Lafferty Maths Dept.

Wages & Salaries www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Learning Intention Success Criteria 1. To explain how to work out NET pay. 1. Understand the terms Gross, Deductions and NET pay. 2. Calculate NET pay. 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime Write down some MNU 3 -09 b MNU 4 -09 b www. mathsrevision. com Gross Pay : What you are paid by the employer. Deductions : Taken off your wages. Net Pay Your take home pay. : Tax Pension 21 -May-21 Created by Mr. Lafferty Maths Dept. National Insurance

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. com Example : Calculate the Net wage for the following : Gross 21 -May-21 Deductions Net Wage £ 15 550 £ 3 400 £ 12 150 £ 13 025 £ 2 905 £ 10 120 £ 22 430 £ 5 094 £ 17 336 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. com Example : Calculate the Net wage for this payslip : 704. 00 149. 00 555. 00 21 -May-21 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime MNU 3 -09 b MNU 4 -09 b www. mathsrevision. com Example 3 : Calculate the Net wage for this payslip : 739. 15 207. 76 531. 39 21 -May-21 Created by Mr. Lafferty Maths Dept.

Have you updated your Learning Log ? Wages & Salaries www. mathsrevision. com MNU 3 -09 b MNU 4 -09 b Now try TJ 3 a Ex 5 Ch 13 (page 122) 21 -May-21 Created by Mr. Lafferty Maths Department