Warm Up 2345 x.12 2345 x.12 2345 + 3456 2345 + 3456 1234 x.19 1234 x.19 1234 + 2345 1234 + 2345.

Slides:



Advertisements
Similar presentations
Jules Henri Poincaré ( ) France
Advertisements

Grade 8 Algebra1 Applications of Percents
Business Math 2.3 Federal Income Taxes.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.
Warm up Joe’s employer pays 60% of his annual medical insurance premiums. The total annual cost per employee is $5,000. Joe is paid bi-weekly. What dollar.
Business Math Assignment Press F5 to begin to playing this slide show.
G1 © Family Economics & Financial Education – Revised March 2008 – Paychecks and Taxes Unit – Understanding Your Paycheck Funded by a grant from.
Applications of Percents
Applications of Percent
Consumer Taxation. Learning Objectives  Identify the major types of consumer taxation.  Compute gross and net pay.  Complete personal income tax forms.
Commission, Sales Tax, and Profit
Where Did My Paycheck Go?
Warm Up 1750/2 1750/2 3450/4 3450/ / /450.
Application of Percents
5.4 Applications of Percent
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.
Pay and Taxes INVESTIGATE WHAT IMPACTS YOUR PAYCHECK AND PERSONAL TAXES ©2012 National Endowment for Financial Education | Lesson 3-3: Pay and Taxes 1.
PAYROLL ACCOUNTING. WHAT IS PAYROLL?  Payroll – total amount earned by all employees for a pay period.  Pay Period – an amount of time over which an.
Algebra 2.9 Applications of Percents. Learning Targets Language Goal  Students will be able to use common applications of percents. Math Goal  Students.
WARM UP Define the terms WeeklyBiweeklySemimonthlyMonthlyBimonthlyQuarterlySemiannually.
Course Applications of Percents Warm Up Estimate % of out of % of out of % % Possible answers:
Percentage Change OCR Module 8. Change? An Increase A Decrease.
WARM UP Write these numbers in words 1,000 1, ,000 10,000 1,000,000 1,000,000.
Annual Wage / Salary How much a person is paid in a year Wages & Salaries 12 months in a year 52 weeks in a year.
G1 © Family Economics & Financial Education – Revised September 2006 – Paychecks and Taxes Unit – Understanding Your Paycheck and Tax Forms Funded.
Consumer Decisions Earning Money.
Sample Problem Chapter 10 Determining social security withholding. The monthly salaries for December and the year-to-date earnings of the employees of.
Calculating Tax, Tips, and Commission
Warm-Up Multiply 1. 5 x x x x 3.15.
Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub.
G1 © Family Economics & Financial Education – Revised March 2008 – Paychecks and Taxes Unit – Understanding Your Paycheck Funded by a grant from.
Lesson 4-7 Example Example 1 Find 4.32 × Multiply the factors, ignoring the decimal points for now. 432 × 6 = 2592.
GOALS BUSINESS MATH© Thomson/South-WesternLesson 1.1Slide 1 1.1Hourly Pay and Salary Calculate gross pay for hourly-rate employees Calculate gross pay.
Review 2.8 Lesson Quiz: Part 1
Understanding Paychecks Where Does Your Money Go?.
PAYDAY! “Nothing is certain but death and taxes.” -Benjamin Franklin.
UNDERSTANDING YOUR PAYCHECK
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  Paying employees  Analyzing a payroll time card.
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.
WARM UP. Algebra 3 Chapter 9: Rational Equations and Functions Lesson 4: Multiplying and Dividing Rational Expressions.
Take-Home Pay The deductions taken out of your paycheck help support schools, roads, national parks, and more. Why do you think you have to pay taxes?
September 7, 2011 Objective: Students will identify how to calculate gross pay and net pay.
What items must be included in your notebook ? What items must be included in your notebook ? When is the notebook due? When is the notebook due? When.
Warm-Up Break into 2 equal groups.. Consumer Finance Chapter 1 Earning Money.
Lesson 13: Net Pay Consumer Math: p When employees receive their paychecks, they should know that the check does not include their full earnings,
Gross Income the total amount of money one earns Ex. $6.15 an hour Multiplied by 40 hrs. per week_______________ Multiplied by 52 weeks per year________________.
Financial Terms Important Terms for Life and for Spreadsheets.
Personal Finance Career Review. Job Provides the basics---cash and something to do to earn it. These can evolve into a career.
Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers.
Paychecks: Using Your Money Wisely Chapter 2. Calculating Earnings  Wage- is a dollar amount per hour that you get paid for doing work  Gross Pay- total.
1-3 Multiplication of Decimals Steps: 1.) Write the numbers vertically but do not line up the decimal points. 2.) Multiply as if there were no decimals.
Section 2: Understanding what you make.  Explain my current (or future) paycheck.
Business and Marketing Accounting and Finance Unit VOCABULARY.
You want how much? By: Ms. Debbie. What is my take home salary? How do you figure out what your salary is? To figure out what your take home salary is.
A plan for managing money during a given period of time Financial Roadmap.
Tax Unit Study Guide for YTP 12 Semester 2 Final Exam.
Budget Notes Gross Income: the total amount of money one earns Ex. $7.25 an hour Multiplied by 40 hrs. per week______________ Multiplied by 52 weeks per.
PAYROLL ACCOUNTING Chapter 12. Using a Payroll System  Payroll – list of the employees and the payments due to each for a pay period  Pay Period – the.
1.3.4.G1 Paycheck Basics Take Charge Today Introductory Level.
Taxes Gov’tForms Deductions.
Find the percent of increase or decrease to the nearest percent. 1.) From 1 to ) From 162 to ) From 16 to 22 1 – = 38% D 177 – 162.
Twenty Questions Economics & Personal Finance UNIT TEST REVIEW: INCOME & TAXES.
Figuring Your Paycheck Life Choices _____. Introduction Main reason most of us work is to _____ Paychecks are used to pay for _____ Important to know.
Warm Up 1. Write 0.03 as a percent. 2. Write as a decimal.
What is Income? What is income? 2 Income is any money you earn plus any other money coming in to you! 3.
© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Chapter 5 LESSON 5.1 Taxes and Your Paycheck Objectives: By the end of class, students.
Tax, Tip, Commission SB 11-2 Pages
Income.
Presentation transcript:

Warm Up 2345 x x x x

Consumer Finance Chapter 1: Earning Money Lesson 12: Salary Plus Commissions

VOCAB None None

DIRECTIONS (Salary + Commission) Change % to decimal Change % to decimal Move the decimal 2 spots LEFT Move the decimal 2 spots LEFT Calculate commissions Calculate commissions Multiply Multiply Sales x Rate of Commissions = COMMISSIONS Sales x Rate of Commissions = COMMISSIONS Add Add Salary + COMMISSIONS Salary + COMMISSIONS Salary / the number of times each thing happens Salary / the number of times each thing happens

I DO (Salary + Commissions) Find how much each person makes Find how much each person makes SalesROCSalary 1. $300004%$ $ %$ $250005%$ $ %$20000

WE DO (Salary + Commissions) Find how much each person makes Find how much each person makes SalesROCSalary 1. $ %$ $ %$ $ %$ $ %$26500

YOU DO (Salary + Commissions) Find how much each person makes Find how much each person makes SalesROCSalary 1. $ %$ $ %$ $ %$ $477508%$35500

REVIEW Today we learned how to calculate a persons salary plus commissions Today we learned how to calculate a persons salary plus commissions

HOMEWORK WORKSHEET WORKSHEET

WARM UP – –

CONSUMER FINANCE Chapter 1: Earning Money Lesson 13: Net Pay

VOCAB Gross Pay – is your full earnings (before taxes) Gross Pay – is your full earnings (before taxes) Deductions – is money withheld from your paycheck Deductions – is money withheld from your paycheck Net Pay – is the amount of money you take home (after taxes) Net Pay – is the amount of money you take home (after taxes)

Directions (Net Pay) Gross Pay – All deductions Gross Pay – All deductions

I DO (Net Pay) Gross PayFed TaxState TaxS.S.MedicareHealth Calculate the persons Net Pay

WE DO (Net Pay) Calculate the persons Net Pay Gross PayFederal TaxState TaxS.S.MedicareHealth

YOU DO (Net Pay) Calculate the persons Net Pay Calculate the persons Net Pay Gross PayFederal TaxState TaxS.S.MedicareHealth

REVIEW What did you learn today? What did you learn today?

HOMEWORK Worksheet Worksheet

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com. Inc. All rights reserved.