Starter Questions. Learning Intention To explain how to calculate wages. Wages & Salaries.

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Presentation transcript:

Starter Questions

Learning Intention To explain how to calculate wages. Wages & Salaries

Wages / Salary :How much a person is paid to do a job. Can be measured weekly, monthly or annually. Wages and Salaries Hourly rate :How much you get paid for an hours work.

£6.50 x 38 = £247.00Pay is = Example 1 : Mick the mechanic hourly rate of pay is £6.50. Last week he worked 38 hours. What is his basic pay? Wages and Salaries

£10.50 x 40 = £420.00Pay is = Example 2 : Jim is a joiner his hourly rate of pay is £ He works 40 hours a week. What is his basic pay? Wages and Salaries

£200 ÷ 40 = £5.00Hourly rate is = Example 1 : Bill the gardener is paid £ 200 a week. He works 40 hours a week. What is his hourly rate? Wages and Salaries It is possible, if we know enough details, to work out a person hourly rate of pay

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

£1 500 x 12 = £ Annual salary is = Example 1 : Shaun gets paid £ in a month. What is his annual Salary. Wages and Salaries

£239 x 52 = £ Annual Salary = Example 2 : A shop assistant gets paid £239 a week. How much is her annual salary. Wages and Salaries

£1 100 x 12 = £ Annual Salary = 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 : Bus Driver : £260 x 52 = £ Annual Salary = Bus driver has better annual wage Wages and Salaries

Example 1 : William gets an annual salary of £ What is his monthly wage. What is his weekly wage. £ ÷ 12 = £ Monthly wage: Weekly wage : £ ÷ 52 = £ Wages and Salaries

Now try Ex8.1 Pg 58 Wages and Salaries