Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers.

Slides:



Advertisements
Similar presentations
Payroll Taxes & W-4s. Why do we pay taxes? Why do we pay taxes? Roads, Operation of Government, Schools, Welfare, Police, etc… Roads, Operation of Government,
Advertisements

Part 3: Reading a Paycheck Dollars and Sense Unit 2: Taxes and Paychecks.
Tax Vocabulary. Gross Pay The amount of money you earn each pay period.
Salary vs. Hourly Is one better than the other?. Employees Workers are categorized not only by what they do, but also how they get paid. One may be paid.
NEXT Death and Taxes NET PAY NOTES What things are certain in life?
Lawns R Oklahoma State Department of Education.
Business Math Assignment Press F5 to begin to playing this slide show.
X © 2010 The McGraw-Hill Companies, Inc. All rights reserved.
G1 © Family Economics & Financial Education – Revised March 2008 – Paychecks and Taxes Unit – Understanding Your Paycheck Funded by a grant from.
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?
LESSON 12-2 Determining Payroll Tax Withholding
Where Did My Paycheck Go?
Review. A Warren Hills Company Employee SSN Check # 268 Check Amount $ Employee Address 105 Paycheck Lane Washington, NJ Pay Type- Gross.
2.1 Deductions from the Gross Pay
Payroll Computations, Records, and Payment
Working and Earning Earning Statements Key Ideas Employment provides a means of creating personal income Employee earning statements include information.
#1. Calculating Gross Income Dan works part time at Shopko Dan worked 32 hours this week Dan makes $9.75/hour How much was Dan’s Gross Income?
Sales and Income Tax. Sales tax – a tax that is added to the cost of goods or services based on the percentage of the cost. Income tax – A tax that is.
Pay and Taxes INVESTIGATE WHAT IMPACTS YOUR PAYCHECK AND PERSONAL TAXES ©2012 National Endowment for Financial Education | Lesson 3-3: Pay and Taxes 1.
Salary vs. Hourly Wage What is a Salary? What is an Hourly Wage? Is it the same in all states?
Let’s estimate when we multiply decimal fractions! This is one way to check our products.
G1 © Family Economics & Financial Education – February 2006– Get Ready to Take Charge of Your Finances – Planet Paycheck – Slide 1 Funded by a grant.
G1 © Family Economics & Financial Education – Revised September 2006 – Paychecks and Taxes Unit – Understanding Your Paycheck and Tax Forms Funded.
REQUIRED DEDUCTIONS Money subtracted from your gross pay for taxes by the government, also called payroll taxes: Federal Taxes State Taxes FICA (Social.
SECTION 2-6 Statement of Earnings pp
Statement of Earnings pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright.
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall. 4.3 Multiplying Decimals and Circumference of a Circle.
Today we will compute a given percent of a whole number. compute – figure out.
G1 © Family Economics & Financial Education – Revised March 2008 – Paychecks and Taxes Unit – Understanding Your Paycheck Funded by a grant from.
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.
Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers.
GOALS BUSINESS MATH© Thomson/South-WesternLesson 1.1Slide 1 1.1Hourly Pay and Salary Calculate gross pay for hourly-rate employees Calculate gross pay.
Do Now… Computer Whiz Carl works at Circuit City. I think I know, check my answer Carl worked 12 hours for an hourly rate of $7.50 The Federal Tax Rate.
Payroll Accounting Making Accounting Relevant Businesses issue payroll checks to their employees to compensate them for work performed. Making Accounting.
Understanding Paychecks Where Does Your Money Go?.
PAYDAY! “Nothing is certain but death and taxes.” -Benjamin Franklin.
Payroll Accounting Making Accounting Relevant Businesses issue payroll checks to their employees to compensate them for work performed. Making Accounting.
UNDERSTANDING YOUR PAYCHECK
Warm Up 2345 x x x x
Unit 43 Paycheck Calculation. Basic Principles of Paycheck Calculation Two main terms are used regarding payroll: gross pay and net pay. –Gross pay is.
Unit 2 Lesson 2 Notes 1 Paystubs Where is my money?
G1 © Family Economics & Financial Education – Revised March 2008 – Paychecks and Taxes Unit – Understanding Your Paycheck Funded by a grant from.
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?
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________________.
Section 1.2 Solving Equations Using a Graphing Utility; Linear and Rational Equations Copyright © 2013 Pearson Education, Inc. All rights reserved.
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.
Financial Literacy Career Management. Your Paycheck Payroll and Taxes Deductions.
Basic Goals of Payroll System  Prepare and issue payroll checks  Produce records for accounting purposes and reporting to government and management.
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.
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.
Section 1.2 Solving Equations Using a Graphing Utility; Linear and Rational Equations Copyright © 2013 Pearson Education, Inc. All rights reserved.
GETTING PAID WHERE DOES MY MONEY GO?. PAY CHECK DEDUCTIONS Deductions Video What is the difference between gross and net income? What are state taxes.
G1 © Family Economics & Financial Education – February 2006– Get Ready to Take Charge of Your Finances – Planet Paycheck – Slide 1 Funded by a grant.
Chapter 2 Net Income (page 114)
Payroll Computations, Records, and Payment Section 2: Calculating Earnings and Taxes Chapter 10 Section Objectives 2.Compute gross earnings of.
Sales and Income Tax. Sales tax – a tax that is added to the cost of goods or services based on the percentage of the cost. Income – wages earned from.
Figuring Your Paycheck Life Choices _____. Introduction Main reason most of us work is to _____ Paychecks are used to pay for _____ Important to know.
Lesson 1: Reading a Pay Stub. Objectives: Identify sections of a pay stub Determine how to calculate net pay Recognize various paycheck deductions.
SECTION 2-6 pp Statement of Earnings.
Business Math Assignment
Aim: How can we understand how gross income becomes net income by analyzing our paycheck deductions? Do Now: Name and describe the three ways an employer.
Multiplying Decimals by Decimals
Personal Financial Literacy
Multiplying Decimals by Decimals
Computing Deductions on Your Paycheck
Paychecks and Tax Forms Take Charge of your Finances
Business Math Assignment
Presentation transcript:

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left EXAMPLE # 1 : 12.5 x 3.2

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left EXAMPLE # 1 : 12.5 x 3.2 There are 2 total places behind the decimals…

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left EXAMPLE # 1 : 12.5 x 3.2 There are 2 total places behind the decimals… 125 x 32 Multiply…

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left EXAMPLE # 1 : 12.5 x 3.2 There are 2 total places behind the decimals… 125 x 32 Multiply… ANSWER : Jump the decimal 2 places to the LEFT

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left EXAMPLE # 2 : 3.75 x 0.16

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left EXAMPLE # 2 : 3.75 x 0.16 There are 4 total places behind the decimals…

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left EXAMPLE # 2 : 3.75 x 0.16 There are 4 total places behind the decimals… 375 x Multiply…

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left EXAMPLE # 2 : 3.75 x 0.16 There are 4 total places behind the decimals… 375 x ANSWER : Jump the decimal 4 places to the LEFT

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left EXAMPLE # 3 : x 8.57

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left EXAMPLE # 3 : x 8.57 There are 5 total places behind the decimals…

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left EXAMPLE # 3 : x 8.57 There are 5 total places behind the decimals… Multiply… 1234 x

Multiplication of Decimal Fractions STEPS : 1. Count the number of places BEHIND the decimals 2. Treat the problem like you are multiplying whole numbers 3. Starting from the right of your answer, jump the decimal the counted number of spaces to the left EXAMPLE # 3 : x 8.57 There are 5 total places behind the decimals… Multiply… 1234 x Jump the decimal 5 places to the LEFT ANSWER :

Multiplication of Decimal Fractions APPLICATIONS : When you get your paycheck, your employer is required by law to withhold some of your money in taxes. Your gross pay is your salary or wages before taxes. Your net pay is what is left over. Taxes such as federal withholding, social security, and retirement are just a few that will be taken out.

Multiplication of Decimal Fractions APPLICATIONS : When you get your paycheck, your employer is required by law to withhold some of your money in taxes. Your gross pay is your salary or wages before taxes. Your net pay is what is left over. Taxes such as federal withholding, social security, and retirement are just a few that will be taken out. Let’s say Jeff works for $12.75 per hour and works a 40 hour week. His taxes taken out are as follows : federal withholding = 0.138, social security = , and retirement = Find Jeff’s gross and net pay. ( round to pennies )

Multiplication of Decimal Fractions APPLICATIONS : When you get your paycheck, your employer is required by law to withhold some of your money in taxes. Your gross pay is your salary or wages before taxes. Your net pay is what is left over. Taxes such as federal withholding, social security, and retirement are just a few that will be taken out. Let’s say Jeff works for $12.75 per hour and works a 40 hour week. His taxes taken out are as follows : federal withholding = 0.138, social security = , and retirement = Find Jeff’s gross and net pay. ( round to pennies ) I am going to use a calculator for the computations.

Multiplication of Decimal Fractions APPLICATIONS : When you get your paycheck, your employer is required by law to withhold some of your money in taxes. Your gross pay is your salary or wages before taxes. Your net pay is what is left over. Taxes such as federal withholding, social security, and retirement are just a few that will be taken out. Let’s say Jeff works for $12.75 per hour and works a 40 hour week. His taxes taken out are as follows : federal withholding = 0.138, social security = , and retirement = Find Jeff’s gross and net pay. ( round to pennies ) I am going to use a calculator for the computations. Gross Pay = hours worked x rate

Multiplication of Decimal Fractions

To find the amount of tax taken out for each type of tax, multiply the gross wage X the decimal amount for that tax.

Multiplication of Decimal Fractions To find the amount of tax taken out for each type of tax, multiply the gross wage X the decimal amount for that tax.

Multiplication of Decimal Fractions To find the amount of tax taken out for each type of tax, multiply the gross wage X the decimal amount for that tax.

Multiplication of Decimal Fractions Net Pay = Gross Wage – [ all the taxes ]

Multiplication of Decimal Fractions APPLICATIONS : The figure below has 9 sections of equal width. Find the total distance from A to B. A B

Multiplication of Decimal Fractions APPLICATIONS : The figure below has 9 sections of equal width. Find the total distance from A to B. A B There are 6 sections from A to B, each 0.62” in length

Multiplication of Decimal Fractions APPLICATIONS : The figure below has 9 sections of equal width. Find the total distance from A to B. A B