1 Wages Press Ctrl-A ©2009 – Not to be sold/Free to use Stage 5 Year 9

2 Wages (1/3) To calculate Wages we multiply the hourly rate by the number of hours. Example 1: How much is Bob’s wage if he earns $37/hour for 40 hours? Pay = $37 x 40h = $1480 Wages are paid on an hourly basis. End of Slide

3 Wages (2/3) To calculate hourly rate we divide the wage by the number of hours. Example 2: What is Bob’s hourly rate if he earns $1 480 for a 40 hour week? Hourly rate = $1480 ÷ 40h = $37/hr End of Slide

4 Wages (3/3) To calculate number of hours we divide the wage by the hourly rate. Example 3: How many hours does Bob’s need to work if he wants to earn $1 480 at $37/hour? Hours = $1480 ÷ $37/h = 40 hours End of Show