MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Wages & Salaries Hourly Rates / Wages Wage Rises Commission Wages Overtime Pay Gross - Deductions = NET pay

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Starter Questions

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Learning Intention Success Criteria 1.Understand the terms wage and salary. 1.We are learning about hourly rate, wages and salaries calculated. 2.Calculate wage / salary given hourly rate. Wages & Salaries

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Wages / Salary :How much a person is paid to do a job. Can be measured weekly, monthly or annually. Salaries & Overtime Hourly rate :How much you get paid for an hours work.

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. £6.50 x 38 = £247.00Pay is = Example : Sean the mechanic hourly rate of pay is £6.50. Last week he worked 38 hours. What is his basic pay? Salaries & Overtime

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. £10.50 x 40 = £420.00Pay is = Example : Adam is a joiner his hourly rate of pay is £ He works 40 hours a week. What is his basic pay? Salaries & Overtime

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. £200 ÷ 40 = £5.00Hourly rate is = Example : Nathan the gardener is paid £ 200 a week. He works 40 hours a week. What is his hourly rate? Salaries & Overtime

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. £ ÷ 32 = £4.80Pay is = Example : Chris starts a new job and is promised a hourly rate of £4.90. His wage for the week was £ for 32 hours of work. Was the employers promise true. Salaries & Overtime False !

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Annual Wage / Salary How much a person is paid in a year. Salaries & Overtime 12 months in a year 52 weeks in a year

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Example : Michael gets an annual salary of £ What is his monthly wage. What is his weekly wage. Salaries & Overtime £ ÷ 12 = £ Monthly wage: Weekly wage : £ ÷ 52 = £

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. £1 500 x 12 = £ Annual salary is = Example : Georgia gets paid £ in a month. What is her annual Salary. Salaries & Overtime

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. £239 x 52 = £ Annual Salary = Example : Caitlin is a shop assistant and gets paid £239 a week. How much is her annual salary. Salaries & Overtime

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. £1 100 x 12 = £ Annual Salary = Example : A mechanic gets paid £1 100 a month. A bus driver gets paid £260 a week. Who gets the better annual salary. Salaries & Overtime Mechanic : Bus Driver : £260 x 52 = £ Annual Salary = Bus driver has better annual wage

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Department Now try TJ3a Ex 1 Ch13 (page 113 ) Wages & Salaries

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Starter Questions Starter Questions

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Learning Intention Success Criteria 1.We are learning to calculate an increase in wages. 1.Calculate a percentage rise. Wages & Salaries 2.Calculate new wages after a percentage rise.

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Example : 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. Salaries & Overtime x 30 = = £150 Paid :

MNU 3-09b MNU 4-09b 5-Dec-15Compiled by Mr. Lafferty Maths Dept. Remember money 2 decimal places Find 3% of £450 How to Find a Percentage using a Calculator of means multiple

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Example : Rachael earned an annual salary of £ last year. She receives a 10% rise this year. What is her new salary. Salaries & Overtime 10 ÷ 100 x £ = £ Rise : New salary : £ £2 000 = £

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Example : Kerr earned an annual salary of £ last year. He receives a 4% rise this year. What is his new salary. Salaries & Overtime 4 ÷ 1 00 x £ = £ 720 Rise : New salary : £ £720 = £

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Department Now try TJ3a Ex 2 Ch13 (page 116) Wages & Salaries

MNU 3-09b MNU 4-09b 5-Dec-15Created 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. Q3. Find 25% of 50 Q2. Find the missing angle 33 o

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Learning Intention Success Criteria 1.We are learning to work out wages when commission is involved. 1.Understand the term commission. Wages & Salaries 2.Calculate wages involving commission.

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Commission :Money earned based on how much you sell. Usually expressed as a percentage. Salaries & Overtime Write some people who get commission Car sales person Double glazing sales person

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Example : Liam sells double glazing. He is paid a commission of 15% on any windows he sells. Last month he sold £ worth of windows. How much commission was he paid ? Salaries & Overtime 15 ÷ 1 00 x £ = £ 4500 Commission :

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Example : Caitlin is a door to door cosmetic saleswoman. She gets 7% commission on everything over £500 she sells. During the Christmas period she sold £6500 Worth of products. How much commission was she paid ? Salaries & Overtime £6500 – £ 500 = £ 6000 Value over £ : 7 ÷ 1 00 x £6 000 = £ 420 Commission :

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Example : Lewis gets a basic salary of £150 a week plus 5% of the total value of doors he sells. He sold £4000 worth of doors last week. How much did he earn last week ? Salaries & Overtime 5 ÷ 1 00 x £4 000 = £ 200 Commission : £150 + £200 = £ 350 Total wage :

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Department Now try TJ3a Ex 3 Ch13 (page 118) Wages & Salaries

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Starter Questions Q1. Find value of x when x + 4 = 16 Q3. Find 20 % of 150 Q2. Find two missing angles 32 o

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Learning Intention Success Criteria 1.To explain how to work out wages which include overtime rates. 1.Understand the terms overtime, ‘double time’ and ‘time and a half’. Wages & Salaries 2.Calculate wages with overtime.

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Overtime :When you do extra work above your basic hours. Salaries & Overtime You get a better hourly rate for overtime. Write down the two common rates of overtime Double time (x2) Time and a half (x1.5)

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. 4 x 2 x £6 = £ hours Overtime is = Example : Sean the painter works for £6.00 per hour. His overtime rate is “Double time”. What does he get paid for 4 hours overtime. Salaries & Overtime

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. 5 x £8 x 2 = £ hours overtime is = Example : Jordan 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. Salaries & Overtime 40 x £8 = £ hours basic time is = Total pay is = £320 + £80 = £400

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. 4 x £6 x 1.5 = £ hours overtime is = Example : 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. Salaries & Overtime 30 x £6 = £ hours basic time is = Total pay is = £36 + £180 = £216.00

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Department Now try TJ3a Ex 4 Ch13 (page 120) Wages & Salaries

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Starter Questions 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.

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Learning Intention Success Criteria 1.To explain how to work out NET pay. 1.Understand the terms Gross, Deductions and NET pay. Wages & Salaries 2.Calculate NET pay.

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Gross Pay:What you are paid by the employer. Salaries & Overtime Tax National Insurance Deductions:Taken off your wages. Net Pay:Your take home pay. Write down some Pension

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Example : Calculate the Net wage for the following : Salaries & Overtime GrossDeductions Net Wage £ £3 400 £ £2 905 £ £5 094 £ £ £17 336

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Example : Calculate the Net wage for this payslip : Salaries & Overtime

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Example 3 : Calculate the Net wage for this payslip : Salaries & Overtime

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Department Now try TJ3a Ex 5 Ch13 (page 122) Wages & Salaries Have you updated your Learning Log ?