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

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

3. 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. www.mathsrevision.com Wages & Salaries

4. 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. www.mathsrevision.com Salaries & Overtime Hourly rate :How much you get paid for an hours work.

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

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

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

8. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. £153.60 ÷ 32 = £4.80Pay is = www.mathsrevision.com Example : Chris starts a new job and is promised a hourly rate of £4.90. His wage for the week was £153.60 for 32 hours of work. Was the employers promise true. Salaries & Overtime False !

9. 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. www.mathsrevision.com Salaries & Overtime 12 months in a year 52 weeks in a year

10. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. www.mathsrevision.com Example : Michael gets an annual salary of £ 30 000. What is his monthly wage. What is his weekly wage. Salaries & Overtime £30 000 ÷ 12 = £ 2 500 Monthly wage: Weekly wage : £30 000 ÷ 52 = £ 576.92

11. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. £1 500 x 12 = £ 18 000Annual salary is = www.mathsrevision.com Example : Georgia gets paid £ 1 500 in a month. What is her annual Salary. Salaries & Overtime

12. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. £239 x 52 = £ 12 428Annual Salary = www.mathsrevision.com Example : Caitlin is a shop assistant and gets paid £239 a week. How much is her annual salary. Salaries & Overtime

13. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. £1 100 x 12 = £ 13 200Annual Salary = www.mathsrevision.com 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 = £ 13 520Annual Salary = Bus driver has better annual wage

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

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

16. 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. www.mathsrevision.com Wages & Salaries 2.Calculate new wages after a percentage rise.

17. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. www.mathsrevision.com 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 60 + 3 x 30 = 60 + 90 = £150 Paid :

18. 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 www.mathsrevision.com

19. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. www.mathsrevision.com Example : Rachael earned an annual salary of £ 20 000 last year. She receives a 10% rise this year. What is her new salary. Salaries & Overtime 10 ÷ 100 x £20 000 = £ 2 000 Rise : New salary : £20 000 + £2 000 = £ 22 000

20. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. www.mathsrevision.com Example : Kerr earned an annual salary of £ 18 000 last year. He receives a 4% rise this year. What is his new salary. Salaries & Overtime 4 ÷ 1 00 x £18 000 = £ 720 Rise : New salary : £18 000 + £720 = £ 18 720

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

22. 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 www.mathsrevision.com 33 o

23. 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. www.mathsrevision.com Wages & Salaries 2.Calculate wages involving commission.

24. 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. www.mathsrevision.com Salaries & Overtime Write some people who get commission Car sales person Double glazing sales person

25. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. www.mathsrevision.com Example : Liam sells double glazing. He is paid a commission of 15% on any windows he sells. Last month he sold £ 30 000 worth of windows. How much commission was he paid ? Salaries & Overtime 15 ÷ 1 00 x £30 000 = £ 4500 Commission :

26. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. www.mathsrevision.com 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 :

27. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. www.mathsrevision.com 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 :

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

29. 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 www.mathsrevision.com 32 o

30. 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’. www.mathsrevision.com Wages & Salaries 2.Calculate wages with overtime.

31. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Overtime :When you do extra work above your basic hours. www.mathsrevision.com 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)

32. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. 4 x 2 x £6 = £48.004 hours Overtime is = www.mathsrevision.com 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

33. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. 5 x £8 x 2 = £80.005 hours overtime is = www.mathsrevision.com 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 = £320.0040 hours basic time is = Total pay is = £320 + £80 = £400

34. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. 4 x £6 x 1.5 = £36.004 hours overtime is = www.mathsrevision.com 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 = £180.0030 hours basic time is = Total pay is = £36 + £180 = £216.00

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

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

37. 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. www.mathsrevision.com Wages & Salaries 2.Calculate NET pay.

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

39. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. www.mathsrevision.com Example : Calculate the Net wage for the following : Salaries & Overtime GrossDeductions Net Wage £15 550 £3 400 £13 025 £2 905 £22 430 £5 094 £12 150 £10 120 £17 336

40. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. www.mathsrevision.com Example : Calculate the Net wage for this payslip : Salaries & Overtime 704.00 149.00 555.00

41. MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. www.mathsrevision.com Example 3 : Calculate the Net wage for this payslip : Salaries & Overtime 739.15 207.76 531.39

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