29-Apr-15Created by Mr. Lafferty Maths Dept. Wages & Salaries Annual Salaries / Weekly wages Hourly rate and Wages Wage Rises Commission

18 Apr 202318 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.

Wages & Wages & SalariesSalaries

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Annual Salaries / Weekly wagesHourly rate and WagesWage Rises

Commission WagesOvertime Pay

Gross - Deductions = NET pay

Timesheet

Savings


Starter QuestionsStarter Questionsw

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2. Calculate 15% of 60

3. What is the perimeter and area

of a square with length 4cm.


Learning IntentionLearning Intention Success CriteriaSuccess Criteria

1.1. Understand the term annual Understand the term annual salary. salary.

1. To explain how to work out annual salary / weekly wage.

2.2. Calculate annual salary and Calculate annual salary and weekly wages.weekly wages.

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Wages & SalariesWages & Salaries


Annual Wage / Salary : How much a person is paid in ayear.

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Salaries & OvertimeSalaries & Overtime

12 months in a year

52 weeks in a year

7 days in a week


£1 500 x 12 = £ 18 000£1 500 x 12 = £ 18 000Annual salary is = Annual salary is =

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Shaun gets paid £ 1 500 in a month. What is his annual Salary.



£239 x 52 = £ 12 428£239 x 52 = £ 12 428Annual Salary = Annual Salary =

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A shop assistant gets paid £239 a week.

How much is her annual salary.


18 Apr 202318 Apr 2023 Created by Mr. Lafferty Maths Dept.Created by Mr. Lafferty Maths Dept.ww

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William gets an annual salary of £ 30 000. What is his monthly wage.What is his weekly wage.


£30 000 £30 000 ÷÷ 12 = £ 2 500 12 = £ 2 500Monthly wage:Monthly wage:

Weekly wage :Weekly wage : £30 000 £30 000 ÷÷ 52 = £ 52 = £ 576.92576.92


Now try Ex 3.1

MIA (page 4)

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1.1. Understand the terms wage Understand the terms wage and salary. and salary.

1. To explain how to calculate wages.

2.2. Calculate wage / salary Calculate wage / salary given hourly rate.given hourly rate.

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Wages / Salary : How much a person is paid to do a job.Can be measured weekly, monthly orannually.

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Hourly rate : How much you get paid for an hours work.


£6.50 x 5 = £32.50£6.50 x 5 = £32.50Pay is = Pay is =

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Mick the mechanic hourly rate of pay is £6.50.Last week he worked 5 hours. What is his basic pay?



£10.50 x 40 = £420.00£10.50 x 40 = £420.00Pay is = Pay is =

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Jim is a joiner his hourly rate of pay is £10.50.He works 40 hours a week. What is his basic pay?



Now try Ex 3.2

MIA (page 5)

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Starter Starter QuestionsQuestions

Q1. Round the following to 2 decimals places.

(a) 3.5647 (b) 4.55732 (c) 3.98111

12. How many degrees in an of a circle

8

3. Put in order, smallest first.

0.05, 0.21, 0.01, 0.026

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1. To work out hours worked from a time sheet using the counting method.

1.1. Calculate hours worked.Calculate hours worked.

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TimesheetTimesheet

Name : Joe Bloggs Employee N0. 12345 Week10

In Out In Out Total hours worked

Mon 0800 1200 1300 1700 8

Tue 0800 1200 1330 1730 8

Wed 0830 1230 1300 1630 7.5

Thurs 0800 1300 1400 1700 8

Fri 0800 1230 1400 1630 7

Total 38.5

Remember counting Method


S4

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Frances starts work at 7.30am and finishes at 3pm.How many hours did she work.


8.00a8.00amm

7.30am7.30am 3pm3pm

Total 30mins + 7hours = 7hours 30 Total 30mins + 7hours = 7hours 30 minsmins

30mins30mins 7 7 hourshours


Now try Ex 4.1

Ch 1 (page 6)

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Q1. How much should I get if I work40 hours at a rate of £7 per hour.

Q3. Find 20% of 150

Q2. Find the missing angle

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1. To explain how to work out wages which include overtime rates.

1.1. Understand the terms Understand the terms overtime, ‘double time’.overtime, ‘double time’.

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2.2. Calculate wages with Calculate wages with overtime.overtime.


Overtime : When you do extra work above your basic hours.

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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)


S4

4 x £6 x 2 = £48.004 x £6 x 2 = £48.004 hours Overtime is = 4 hours Overtime is =

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Percy the painter works for £6.00 per hour. His overtime rate is “Double time”. What does he get paid for 4 hours overtime.



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5 x £8 x 2 = £80.005 x £8 x 2 = £80.005 hours overtime is = 5 hours overtime is =

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Example 2 : John 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.


40 x £8 = £320.0040 x £8 = £320.0040 hours basic time is 40 hours basic time is = =

Total pay is = £320 + £80 = £400Total pay is = £320 + £80 = £400


Now try Ex 4.2

Ch 1 (page 8)Even questions

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Q1. How much should I get if I work30 hours at a rate of £5 per hour.

Q3. Find 25% of 50

Q2. Find the missing angle

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1. To explain how to work out wages when commission is involved.

1.1. Understand the term Understand the term commission.commission.

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2.2. Calculate wages involving Calculate wages involving commission.commission.


Commission : Money earned based on how much you sell. Usual expressed as a percentage.

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Write some people who get commission

Car sales person

Double glazing sales person


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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.


60 + 3 x 30 = 60 + 90 = £15060 + 3 x 30 = 60 + 90 = £150Paid :Paid :


S4

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Ted sells car. He is paid a commission of 5% on any carshe sells. Last week he sold £ 20 000 worth of cars. How much commission was he paid ?


5 5 ÷ ÷ 100 x £20 000 = £ 1 000100 x £20 000 = £ 1 000Commission :Commission :


Now try Ex 6.1 & 6.2

Ch 1 (page 11)

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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.



1. To explain how to work out NET pay.

1.1. Understand the terms Gross, Understand the terms Gross, Deductions and NET pay.Deductions and NET pay.

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2.2. Calculate NET pay.Calculate NET pay.


Gross Pay : What you are paid by the employer.

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TaxNational

Insurance

Deductions : Taken off your wages.

Net Pay : Your take home pay.

Write down some

Pension


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Example 1 : Calculate the Net wage for the following :


GrossGross DeductionDeductionss

Net WageNet Wage

£15 550£15 550 £3 400£3 400

£13 025£13 025 £2 905£2 905

£22 430£22 430 £5 094£5 094

£12 150

£10 120

£17 336


I ncome Basic £650.00 O/T £54.00 Bonus - Total

Deductions Tax £102.00 Nat Ins. £25.00 Pension £22.00 Total

NET PAY

Name : Bill Smith

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Example 2 : Calculate the Net wage for this payslip :


704.00149.00555.00


I ncome Basic £603.65 O/T £85.50 Bonus £50.00 Total

Deductions Tax £142.75 Nat Ins. £30.72 Pension £34.29 Total

NET PAY

Name : J oe Bloggs

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Example 3 : Calculate the Net wage for this payslip :


739.15207.76531.39


Now try Ex 7.1

Ch 1 (page 14)

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1. To explain how to calculate savings.

2.2. Calculate saving over a Calculate saving over a period time.period time.

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£12.50 x 6 = £75.00£12.50 x 6 = £75.00Saving is = Saving is =

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Mick saves £12.50 each week. How much does he save in 6 weeks?



Now try Ex 8.1

MIA (page 17)

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Documents

29-Apr-15Created by Mr. Lafferty Maths Dept. Wages & Salaries Annual Salaries / Weekly wages Hourly rate and Wages Wage Rises Commission