OVERTIME PAY SECTION 1.2. OBJECTIVE  Figure out:  Straight-time pay  Overtime pay  Total pay.

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Presentation transcript:

OVERTIME PAY SECTION 1.2

OBJECTIVE  Figure out:  Straight-time pay  Overtime pay  Total pay

KEY WORDS TO KNOW OVERTIME PAY OVERTIME PAY (p. 94)  Extra pay for hours worked beyond regular hours. TIME AND A HALF TIME AND A HALF (p. 94)  An overtime pay rate of 1½ times more than the regular hourly rate. DOUBLE TIME DOUBLE TIME (p. 94)  An overtime pay rate of two times more than the regular hourly rate, often paid for working Sundays and holidays.

FORMULAS Predetermined amount set by the company XHourly Rate = Overtime Rate X Overtime Hours Worked =Overtime Pay Straight-Time Pay + Overtime Pay=Total Pay (Note: Total pay is often called gross pay.)

A LONSO P EREZ IS PAID $8.20 AN HOUR FOR A REGULAR 40 HOUR WEEK. H IS OVERTIME RATE IS 1 ½ TIMES HIS REGULAR HOURLY RATE. T HIS WEEK P EREZ WORKED HIS REGULAR 40 HOURS PLUS 10 HOURS OF OVERTIME. W HAT IS HIS TOTAL PAY ? Find the straight-time pay. Hourly RateXHours Worked=Straight-Time Pay $8.20X40=$ Find the overtime pay. Overtime RateX Overtime Hours Worked =Overtime Pay (1.5 x $8.20)X10=$ Find the total pay. Straight-Time Pay+Overtime Pay=Total Pay $ $123.00=$451.00

J OSIE S PELLING EARNS $9.00 PER HOUR AND WORKS 40 HOURS PER WEEK. B ECAUSE SHE HAD TO WORK ON T HANKSGIVING, HER EMPLOYER PAID HER TIME AND A HALF FOR THE ADDITIONAL 6 HOURS SHE PUT IN. F IND THE TOTAL PAY. Find the straight-time pay. Hourly RateXHours Worked=Straight-Time Pay $9.00X40=$360 Find the overtime pay. Overtime RateX Overtime Hours Worked =Overtime Pay (1.5 x $9.00)X6=$81.00 Find the total pay. Straight-Time Pay+Overtime Pay=Total Pay $360+$81.00=$441.00

Find the straight-time pay. Hourly RateXHours Worked=Straight-Time Pay X= Find the overtime pay. Overtime RateX Overtime Hours Worked =Overtime Pay X= Find the total pay. Straight-Time Pay+Overtime Pay=Total Pay += N ADIA C AMPANA EARNS A REGULAR HOURLY RATE OF $ S HE EARNS DOUBLE TIME FOR WORK ON S UNDAYS. L AST WEEK SHE WORKED HER REGULAR 36- HOUR WEEK PLUS 7½ HOURS ON S UNDAY. W HAT IS HER TOTAL PAY FOR THE WEEK ?

P 95 #3-12 CLASSWORK