Warm-Up Multiply 1. 5 x 7.25 2. 25 x 8.00 3. 40 x 8.35 4. 37 x 3.15.

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Presentation transcript:

Warm-Up Multiply 1. 5 x x x x 3.15

Consumer Finance Chapter 1 Earning Money

EARNING MONEY Lesson 1 (AKA 1.1) Wages

VOCAB Hourly Rate is the amount of money you earn in an hour Wages is money you receive on payday

Discussion How many hours should a person work in a day? How many hours should a person work in a week? How many hours of work is considered full-time?

DIRECTIONS Multiply –Hourly Rate x Hours Worked

I DO Calculate the weekly wages NameHourly RateHours worked 1. Inez$ Earl$ Brian$ Edwina$8.9540

WE DO Calculate the weekly wages NameHourly RateHours worked 1. Ciro$ Cathy$ Yoshitaka$ Penny$9.5640

YOU DO Calculate the weekly wages NameHourly RateHours worked 1. Terrell$ Liam$ Caitlyn$ Brad$3.1534

REVIEW Today we learned how to calculate a person’s weekly wages –Just multiply the hourly rate and the number of hours worked

HOMEWORK Worksheet

Warm-Up Calculate the weekly wages NameHourly Rate Hours Worked –1. Keenan$ –2. Stacy$7.6529

Consumer Finance Chapter 1 Earning Money

EARNING MONEY Lesson 2 (AKA 1-2) Annual Wages

VOCAB Annual Wages is the amount of money you earn during a full year Estimate is the when you round to make a problem easier

Discussion How many days are in a year? How many weeks are in a year? How many months are in a year? –What would these numbers be rounded? –Would this be an over estimate or an underestimate?

Discussion How many hours do you need to work to be considered full-time? What is our “magic multiplying number?”

DIRECTIONS MULTIPLY –Hourly Rate x 2000

I DO Estimate the annual salary –NameHourly Rate –1. Rod$6.50 –2. Leroy$7.50 –3. Kim$8.98 –4. Lily$6.75

WE DO Estimate the annual salary –NameHourly Rate –1. Tony$7.15 –2. Jim$6.33 –3. Ann$11.15 –4. Rose$9.75

YOU DO Estimate the annual salary –NameHourly Rate –1. Abe$10.25 –2. Juan$8.35 –3. Alejandra$9.65 –4. Tiffany$7.40

REVIEW Today we learned how to estimate annual wages –Just multiply the hourly rate and the number of comes from 40 hours per week and 50 weeks in a year

HOMEWORK Worksheet