How much should I get for working??…

Slides:

Advertisements

Similar presentations

Warm up Problem Jim is working 35 hours this week and he is paid $8.25 per hour. How much will Jim’s straight-time pay be this week? Answer STP = 8.25.

Advertisements

Annual Wage / Salary How much a person is paid in a year Wages & Salaries 12 months in a year 52 weeks in a year.

Preparing Payroll Records

Gross Earnings, Wages and Salaries Chapter 6: Payroll Section 6.1.

Gross Earnings: Piecework and Commissions Section 6.2.

GOALS BUSINESS MATH© Thomson/South-WesternLesson 1.1Slide 1 1.1Hourly Pay and Salary Calculate gross pay for hourly-rate employees Calculate gross pay.

1 Press Ctrl-A ©G Dear 2008 – Not to be sold/Free to use Wages Stage 6 - Year 11 General Mathematics Preliminary.

1 Press Ctrl-A ©G Dear 2008 – Not to be sold/Free to use Overtime Stage 6 - Year 11 General Mathematics Preliminary.

Unit 43 Paycheck Calculation. Basic Principles of Paycheck Calculation Two main terms are used regarding payroll: gross pay and net pay. –Gross pay is.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-1 Preparing Payroll Time Cards.

To find time and a half rates & double time rates based on and hourly wage 1. 5 ½ =.5 = 5/10 Hourly rate X 1.5 Overtime rate 2 Hourly rate X 2__ Overtime.

Starter Questions Q1. Find value of x when x + 4 = 16 Q3. Find 17.5 % of 240 Q2. Find two missing angles 32 o.

Warm-Up Calculate the total hours worked for the week AM PM DayIn OutIn Out Mon7:30 12:401:30 5:50 Tues5:45 10:1511:15 2:00 Wed6:00 11:2012:15 7:45 Thurs8:30.

1.3 Regular and overtime pay

Before we start  Write your name, date, and note titles at the top of the page.  Copy down all notes.  Yes, ALL notes.

1 Wages Press Ctrl-A ©2009 – Not to be sold/Free to use Stage 5 Year 9.

GOALS BUSINESS MATH© Thomson/South-WesternLesson 1.3Slide 1 1.3Regular and Overtime Pay Compute overtime pay rates Calculate regular and overtime pay.

Gross Earnings, Wages and Salaries Chapter 6: Payroll Section 6.1.

Overtime Pay pp SECTION. Copyright © Glencoe/McGraw-Hill MBA, Section 1- 2, Slide 2 of Section Objective Figure out: straight-time pay.

Lesson 4: Overtime Consumer Math: p People paid by the hour are paid extra for hours they work in addition to regular hours. Overtime is hours worked.

Figuring Your Paycheck Life Choices _____. Introduction Main reason most of us work is to _____ Paychecks are used to pay for _____ Important to know.

SECTION 1-2 Overtime Pay pp

Legal rights and responsibilities of employers and employees.

Preparing Payroll Time Cards Lesson Paying Employees Salary: money paid for employee services Salary: money paid for employee services Weekly Weekly.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Happy Tuesday!! Check your test grades!! Vocab quiz tomorrow!! Please have all vocab completed.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 12-1 Preparing Payroll Time Cards How often do people get paid? What’s the difference between Gross.

Pay Periods – Hourly Rate

Lapointe Productions Net Pay and Income Tax

Earning Income How Can I Get Paid?.

Chapter 9 Payroll.

Created by Mr. Lafferty Maths Dept.

Minimum Wage… What is the current wage in Washington State? $8.67

Warm Up: You have a job at Foodland and get paid $11.50/hr. You work 4 hours each week. How much will your pay cheque be after 2 weeks? -When finished.

LESSON 12-1 Preparing Payroll Time Cards

JOE WORKED 40 HOURS THIS WEEK. HE EARNS $15.75 PER HOUR

Payslips and Overtime.

Payroll Accounting $ $ $ $ Making Accounting Relevant Chapter 12

SECTION 1-2 pp Overtime Pay.

Objective: Review piecewise functions.

Chapter 9 Payroll McGraw-Hill/Irwin

© 2014 Cengage Learning. All Rights Reserved.

WARMUP Helen took a job through an employment agency. The job pays $425 per week. She must pay a fee to the employment agency. The fee is 18% of her first.

Identify the steps of Selling.

How to calculate Commission.

Pay Periods – Hourly Rate

Created by Mr. Lafferty Maths Dept.

Pay Periods & Hourly Rates

© 2014 Cengage Learning. All Rights Reserved.

Multiplication of decimals

Lapointe Productions Net Pay and Income Tax

LESSON 12-1 Preparing Payroll Time Cards

ANALYZING A PAYROLL TIME CARD

Wages & Salaries Commission Hourly rate Overtime Wage Slips

© 2014 Cengage Learning. All Rights Reserved.

LESSON 12-1 Preparing Payroll Time Cards

How much do you actually make?

Hourly Pay Section 1.1.

Unit #1: Earning Income.

Multiplication of decimals

Chapter 5 Payroll.

LESSON 12-1 Preparing Payroll Time Cards

F&P 10 Earning Extra Income.

Multiplication of decimals

LESSON 12-1 Preparing Payroll Time Cards

©2009 – Not to be sold/Free to use

Overtime and Subsidy Pay Training

1. Earning and managing money

ANALYZING A PAYROLL TIME CARD

Warm-Up (continue on same warm-up as yesterday)

Presentation transcript:

How much should I get for working??… Calculating Wages

Episode 125 Biz Kids http://bizkids.com/lesson/lesson-125

Daily Wages Hours x Wage 10 hours @ $7.25/hr. 20 hours @ $8.50/hr. 12 hours @ $9.75/hr. 35.5 hours @ $12.75/hr. 9.75 hours @ $10.80/hr.

Weekly Wages Find total x 5= 6 hours per day @ $7.75/hr 8 hours per day @ $8.50/hr 7 hours per day @ $10.25/hr 8.5 hours per day @ 12.50/hr

How much per hour? If you earned $325 this week for working 10 hours, how much per hour? Your gross pay was for one week at $812.75, how much did you make for one hr? More practice pg.

Working Overtime (OT) If you are paid hourly, most times companies will pay for any hours worked over 40 hours Figure OT hrs 42 _______ 46 _______ 34 _______ 50 _______ More practice pg.

Calculating OT Time and a half (1.5) Double Time (2)

Overtime Wage x1.5= $7.50 regular -how much is overtime? 3) $9.00 regular/hr- you work 2 hrs overtime, how much extra? 4) $8.65 regular/hr-you work 3 hours overtime, how much extra?

Overtime Double Time Wage x 2 = $7.75 regular-how much is overtime? 2) $9.25 regular-how much is overtime? 3) $8.00 regular-you work 5 hours overtime, how much extra? 4) $8.50 regular-you work 10 hours overtime, how much extra?

Calculating Reg Pay and OT Pay You worked 45 hours @ $10 per hr and will get time and half, how much did you earn? You earn $20 per hr, worked 52 hrs and receive double time for your OT , how much did you gross?

Problems That Involve Time… Weeks in a year ______ Weeks in a month _______ Days in a year _______ Months in a year _______ Which months have 30 days? 31 days? 28 days (leap year)?

When do you multiply and when do you divide? Calculate earnings that you want to get bigger (Multiply) Calculate earnings that you want to cut into smaller chunks (ie year to weeks, month to weeks) you need to divide-chop, chop!! See pgs….