www mathsrevision com Wages Salaries Hourly Rates Wages

www. mathsrevision. com Wages & Salaries Hourly Rates / Wages / Hourly Rates Annual Salaries Weekly / Monthly Wages Wage Rises Commission Wages Overtime Pay Gross - Deductions = NET pay 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Starter Questions 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Wages & Salaries Learning Intention 1. To explain how to calculate wages. Success Criteria 1. Understand the terms wage and salary. 2. Calculate wage / salary given hourly rate. 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime 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. 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Example 1 : Mick 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 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime 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? Pay is = £ 10. 50 x 40 = £ 420. 00 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Now try Ex 1 a Ch 6 (page 64) Odd questions 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Starter Questions Q 1. Find the value of y when 2 y + 6 = 24 Q 2. Find the two missing angles Q 3. Find two numbers that add give 10 and divide to give 4. 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Wages & Salaries Learning Intention 1. To explain how to work out hourly rates. Success Criteria 1. Understand the term hourly rate. 2. Calculate hourly rates given the wage and hours worked. 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Example 1 : Bill the gardener is paid £ 200 a week. He works 40 hours a week. What is hourly rate? Hourly rate is = £ 200 ÷ 40 = £ 5. 00 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Example 2 : Paul 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 ! 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Now try Ex 1 b Ch 6 (page 66) Odd questions 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Starter Questions 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Wages & Salaries Learning Intention 1. To explain how to work out annual salary / wage. Success Criteria 1. Understand the term annual salary. 2. Calculate annual salary. 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Annual Wage / Salary : How much a person is paid in a year. 12 months in a year 52 weeks in a year 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Example 1 : Shaun gets paid £ 1 500 in a month. What is his annual Salary. Annual salary is £ 1 = 500 x 12 = £ 18 000 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Example 2 : A shop assistant gets paid £ 239 a week. How much is her annual salary. Annual Salary = 11/27/2020 £ 239 x 52 = £ 12 428 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com Example 3 : 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 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Now try Ex 2 a Ch 6 (page 68) Odd questions 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Starter Questions 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Wages & Salaries Learning Intention 1. To explain how to work out weekly and monthly wages from annual salary. 11/27/2020 Success Criteria 1. Calculate weekly and monthly wages from annual salary. Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Example 1 : William 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 : 11/27/2020 £ 30 000 ÷ 52 = £ 576. 92 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Now try Ex 2 b Ch 6 (page 70) Odd questions 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Starter Questions 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Wages & Salaries Learning Intention 1. To explain how to work out new wages after a wage rise. 11/27/2020 Success Criteria 1. Calculate a percentage rise. 2. Calculate new wages after a percentage rise. Created by Mr. Lafferty Maths Dept.

How to find % of a quantity using a calculator www. mathsrevision. com example Find Step 1 : Convert % to a decimal of means x Step 2 : Step 3 : Do sum Calculator Keys 4 11/27/2020 1 0 0 x 4 8 Created by Mr. Lafferty Maths Dept. 0 = 19. 2

Salaries & Overtime Level F www. mathsrevision. com Example 2 : Frances 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 11/27/2020 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com Example 3 : Gerry 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 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Now try Ex 3 Ch 6 (page 72) Odd questions 11/27/2020 Created by Mr. Lafferty Maths Dept.

Starter Questions www. mathsrevision. com 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 11/27/2020 Created by Mr. Lafferty Maths Dept. 33 o

www. mathsrevision. com Wages & Salaries Learning Intention 1. To explain how to work out wages when commission is involved. 11/27/2020 Success Criteria 1. Understand the term commission. 2. Calculate wages involving commission. Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Commission : Money earned based on how much you sell. Usual expressed as a percentage. Write some people who get commission Car sales person Double glazing sales person 11/27/2020 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime Level F www. mathsrevision. com Example 1 : Ted sells car. He is paid a commission of 5% on any cars he sells. Last week he sold £ 20 000 worth of cars. How much commission was he paid ? Commission : 5 ÷ 100 x £ 20 000 = £ 1 000 11/27/2020 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime Level F www. mathsrevision. com Example 2 : 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 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Now try Ex 4 Ch 6 (page 74) Odd questions 11/27/2020 Created by Mr. Lafferty Maths Dept.

Starter Questions www. mathsrevision. com Q 1. Find value of x when x + 4 = 16 Q 2. Find two missing angles 32 o Q 3. Find 20 % of 150 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Wages & Salaries Learning Intention 1. To explain how to work out wages which include overtime rates. Success Criteria 1. Understand the terms overtime, ‘double time’ and ‘time and a half’. 2. Calculate wages with overtime. 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & 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) 11/27/2020 Time and a half (x 1. 5) Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com Level F 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. 4 hours Overtime is = 4 x £ 6 x 2 = £ 48. 00 11/27/2020 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime Level F www. mathsrevision. com 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. 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 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Now try Ex 5 Ch 6 (page 76) Even questions 11/27/2020 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime Level F www. mathsrevision. com Example 3 : 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 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Now try Ex 5 Ch 6 (page 76) Even questions 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Starter Questions 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. 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Wages & Salaries Learning Intention 1. To explain how to work out NET pay. Success Criteria 1. Understand the terms Gross, Deductions and NET pay. 2. Calculate NET pay. 11/27/2020 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime Write down some 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 11/27/2020 Created by Mr. Lafferty Maths Dept. National Insurance

Salaries & Overtime www. mathsrevision. com Example 1 : Calculate the Net wage for the following : 11/27/2020 Gross 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 www. mathsrevision. com Example 2 : Calculate the Net wage for this payslip : 704. 00 149. 00 555. 00 11/27/2020 Created by Mr. Lafferty Maths Dept.

Salaries & Overtime www. mathsrevision. com Example 3 : Calculate the Net wage for this payslip : 739. 15 207. 76 531. 39 11/27/2020 Created by Mr. Lafferty Maths Dept.

www. mathsrevision. com Salaries & Overtime Now try Ex 6 Ch 6 (page 80) Even questions 11/27/2020 Created by Mr. Lafferty Maths Dept.