Created by Mr. Lafferty Maths Dept. Wages & Salaries Hourly Rates / Wages Wages / Hourly Rates Annual Salaries Weekly / Monthly Wages Wage Rises www.mathsrevision.com Commission Wages Overtime Pay Gross - Deductions = NET pay 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Starter Questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Wages & Salaries Learning Intention Success Criteria To explain how to calculate wages. 1. Understand the terms wage and salary. Calculate wage / salary given hourly rate. www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Wages / Salary : How much a person is paid to do a job. Can be measured weekly, monthly or annually. www.mathsrevision.com Hourly rate : How much you get paid for an hours work. 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. 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? www.mathsrevision.com Pay is = £6.50 x 38 = £247.00 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. 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? www.mathsrevision.com Pay is = £10.50 x 40 = £420.00 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Now try Ex 1 a Ch 6 (page 64) Odd questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Starter Questions Q1. Find the value of y when 2y + 6 = 24 Q2. Find the two missing angles www.mathsrevision.com Q3. Find two numbers that add give 10 and divide to give 4. 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Wages & Salaries Learning Intention Success Criteria To explain how to work out hourly rates. 1. Understand the term hourly rate. Calculate hourly rates given the wage and hours worked. www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Example 1 : Bill the gardener is paid £ 200 a week. He works 40 hours a week. What is his hourly rate? www.mathsrevision.com Hourly rate is = £200 ÷ 40 = £5.00 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. 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. www.mathsrevision.com Pay is = £153.60 ÷ 32 = £4.80 False ! 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Now try Ex 1 b Ch 6 (page 66) Odd questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Starter Questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Wages & Salaries Learning Intention Success Criteria To explain how to work out annual salary / wage. 1. Understand the term annual salary. Calculate annual salary. www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Annual Wage / Salary : How much a person is paid in a year. 12 months in a year www.mathsrevision.com 52 weeks in a year 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Example 1 : Shaun gets paid £ 1 500 in a month. What is his annual Salary. www.mathsrevision.com Annual salary is = £1 500 x 12 = £ 18 000 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Example 2 : A shop assistant gets paid £239 a week. How much is her annual salary. www.mathsrevision.com Annual Salary = £239 x 52 = £ 12 428 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Example 3 : A mechanic gets paid £1 100 a month. A bus driver gets paid £260 a week. Who gets the better annual salary. www.mathsrevision.com 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-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Now try Ex 2 a Ch 6 (page 68) Odd questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Starter Questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Wages & Salaries Learning Intention Success Criteria To explain how to work out weekly and monthly wages from annual salary. 1. Calculate weekly and monthly wages from annual salary. www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Example 1 : William gets an annual salary of £ 30 000. What is his monthly wage. What is his weekly wage. www.mathsrevision.com Monthly wage: £30 000 ÷ 12 = £ 2 500 Weekly wage : £30 000 ÷ 52 = £ 576.92 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Now try Ex 2 b Ch 6 (page 70) Odd questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Starter Questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Wages & Salaries Learning Intention Success Criteria To explain how to work out new wages after a wage rise. 1. Calculate a percentage rise. 2. Calculate new wages after a percentage rise. www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

How to find % of a quantity using a calculator example Find Step 1 : Convert % to a decimal of means x Step 2 : www.mathsrevision.com Step 3 : Do sum Calculator Keys 4 1 x 4 8 = 19.2 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Example 2 : Frances earned an annual salary of £ 20 000 last year. She receives a 10% rise this year. What is her new salary. www.mathsrevision.com Rise : 10 ÷ 100 x £20 000 = £ 2 000 New salary : £20 000 + £2 000 = £ 22 000 21-Sep-18 Created by Mr. Lafferty Maths Dept.

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

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Now try Ex 3 Ch 6 (page 72) Odd questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Starter Questions Q1. How much should I get if I work 30 hours at a rate of £5 per hour. Q2. Find the missing angle 33o www.mathsrevision.com Q3. Find 25% of 50 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Wages & Salaries Learning Intention Success Criteria To explain how to work out wages when commission is involved. 1. Understand the term commission. 2. Calculate wages involving commission. www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Commission : Money earned based on how much you sell. Usual expressed as a percentage. www.mathsrevision.com Write some people who get commission Car sales person Double glazing sales person 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime 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 ? www.mathsrevision.com Commission : 5 ÷ 100 x £20 000 = £ 1 000 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime 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. www.mathsrevision.com Paid : 60 + 3 x 30 = 60 + 90 = £150 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Now try Ex 4 Ch 6 (page 74) Odd questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Starter Questions Q1. Find value of x when x + 4 = 16 Q2. Find two missing angles 32o www.mathsrevision.com Q3. Find 20 % of 150 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Wages & Salaries Learning Intention Success Criteria To explain how to work out wages which include overtime rates. 1. Understand the terms overtime, ‘double time’ and ‘time and a half’. www.mathsrevision.com 2. Calculate wages with overtime. 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Overtime : When you do extra work above your basic hours. You get a better hourly rate for overtime. www.mathsrevision.com Write down the two common rates of overtime Double time (x2) Time and a half (x1.5) 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime 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. www.mathsrevision.com 4 hours Overtime is = 4 x £6 x 2 = £48.00 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime 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. www.mathsrevision.com 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-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Now try Ex 5 Ch 6 (page 76) Even questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime 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. www.mathsrevision.com 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-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Now try Ex 5 Ch 6 (page 76) Even questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Starter Questions 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. www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Wages & Salaries Learning Intention Success Criteria To explain how to work out NET pay. 1. Understand the terms Gross, Deductions and NET pay. www.mathsrevision.com 2. Calculate NET pay. 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Write down some Gross Pay : What you are paid by the employer. Deductions : Taken off your wages. Net Pay : Your take home pay. www.mathsrevision.com Tax National Insurance Pension 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Example 1 : Calculate the Net wage for the following : Gross Deductions Net Wage £15 550 £3 400 £13 025 £2 905 £22 430 £5 094 £12 150 www.mathsrevision.com £10 120 £17 336 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Example 2 : Calculate the Net wage for this payslip : 704.00 149.00 www.mathsrevision.com 555.00 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Example 3 : Calculate the Net wage for this payslip : 739.15 207.76 www.mathsrevision.com 531.39 21-Sep-18 Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept. Salaries & Overtime Now try Ex 6 Ch 6 (page 80) Even questions www.mathsrevision.com 21-Sep-18 Created by Mr. Lafferty Maths Dept.