Wages

1
Wages Salaries
Annual Salaries / Weekly wages
Hourly rate and Wages
Wage Rises
Timesheet
www.mathsrevision.com
Overtime Pay
Commission Wages
Gross - Deductions NET pay
Savings
2
Starter Questions
www.mathsrevision.com
3
Wages Salaries
Learning Intention
Success Criteria
1. Understand the term annual salary.

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

1. Calculate annual salary and weekly wages.

www.mathsrevision.com
4
Salaries Overtime
Annual Wage / Salary How much a person is paid
in a year.
12 months in a year
www.mathsrevision.com
52 weeks in a year
7 days in a week
5
Salaries Overtime
Example 1 Shaun gets paid 1 500 in a
month. What is his annual Salary.
www.mathsrevision.com
1 500 x 12 18 000
Annual salary is
6
Salaries Overtime
Example 2 A shop assistant gets paid 239 a
week. How much is her annual salary.
www.mathsrevision.com
239 x 52 12 428
Annual Salary
7
Salaries Overtime
Example 3 William gets an annual salary of
30 000. What is his monthly wage. What is his
weekly wage.
www.mathsrevision.com
30 000 12 2 500
Monthly wage
30 000 52 576.92
Weekly wage
8
Salaries Overtime
Now try Ex 3.1 MIA (page 4)
www.mathsrevision.com
9
Starter Questions
www.mathsrevision.com
10
Wages Salaries
Learning Intention
Success Criteria
1. Understand the terms wage and salary.

1. To explain how to calculate wages.

1. Calculate wage / salary given hourly rate.

www.mathsrevision.com
11
Salaries Overtime
Wages / Salary How much a person is paid to do
a job. Can be measured weekly, monthly
or annually.
www.mathsrevision.com
Hourly rate How much you get paid for an
hours work.
12
Salaries Overtime
Example 1 Mick the mechanic hourly rate of
pay is 6.50. Last week he worked 5 hours. What
is his basic pay?
www.mathsrevision.com
6.50 x 5 32.50
Pay is
13
Salaries Overtime
Example 2 Jim is a joiner his hourly rate of
pay is 10.50. He works 40 hours a week. What is
his basic pay?
www.mathsrevision.com
10.50 x 40 420.00
Pay is
14
Salaries Overtime
Now try Ex 3.2 MIA (page 5)
www.mathsrevision.com
15
Starter Questions
www.mathsrevision.com
16
Wages Salaries
Learning Intention
Success Criteria

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

1. Calculate hours worked.
www.mathsrevision.com
17
Remember counting Method
Timesheet
Name Joe Bloggs Name Joe Bloggs Name Joe Bloggs Employee N0. 12345 Week10 Employee N0. 12345 Week10 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
www.mathsrevision.com
18
Salaries Overtime
S4
Example 1 Frances starts work at 7.30am and
finishes at 3pm. How many hours did she work.
7 hours
30mins
www.mathsrevision.com
8.00am
7.30am
3pm
Total 30mins 7hours 7hours 30 mins
19
Salaries Overtime
Now try Ex 4.1 Ch 1 (page 6)
www.mathsrevision.com
20
Starter Questions
Q1. How much should I get if I work 40 hours
at a rate of 7 per hour.
Q2. Find the missing angle
47o
Q3. Find 20 of 150
www.mathsrevision.com
21
Wages Salaries
Learning Intention
Success Criteria

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

1. Understand the terms overtime, double time.
www.mathsrevision.com
2. Calculate wages with overtime.
22
Salaries Overtime
Overtime When you do extra work above your
basic hours.
You get a better hourly rate for overtime.
www.mathsrevision.com
Write down the two common rates of overtime
Double time (x2)
Time and a half (x1.5)
23
Salaries Overtime
S4
Example 1 Percy the painter works for 6.00
per hour. His overtime rate is Double time.
What does he get paid for 4 hours overtime.
www.mathsrevision.com
4 x 6 x 2 48.00
4 hours Overtime is
24
Salaries Overtime
S4
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.
www.mathsrevision.com
5 x 8 x 2 80.00
5 hours overtime is
40 x 8 320.00
40 hours basic time is
Total pay is 320 80 400
25
Salaries Overtime
Now try Ex 4.2 Ch 1 (page 8) Even questions
www.mathsrevision.com
26
Starter Questions
Q1. How much should I get if I work 30 hours
at a rate of 5 per hour.
Q2. Find the missing angle
33o
Q3. Find 25 of 50
www.mathsrevision.com
27
Wages Salaries
Learning Intention
Success Criteria

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

1. Understand the term commission.
2. Calculate wages involving commission.
www.mathsrevision.com
28
Salaries Overtime
Commission Money earned based on how much
you sell. Usual expressed as a percentage.
www.mathsrevision.com
Write some people who get commission
Car sales person
Double glazing sales person
29
Salaries Overtime
S4
Example 1 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.
www.mathsrevision.com
60 3 x 30 60 90 150
Paid
30
Salaries Overtime
S4
Example 2 Ted sells car. He is paid a
commission of 5 on any cars he sells. Last week
he sold 20 000 worth of cars. How much
commission was he paid ?
www.mathsrevision.com
Commission
5 100 x 20 000 1 000
31
Salaries Overtime
Now try Ex 6.1 6.2 Ch 1 (page 11)
www.mathsrevision.com
32
Starter Questions

• 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.

www.mathsrevision.com
33
Wages Salaries
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
2. Calculate NET pay.
34
Salaries Overtime
Write down some
Gross Pay What you are paid by the employer.
Deductions Taken off your wages.
Net Pay Your take home pay.
Tax
www.mathsrevision.com
National Insurance
Pension
35
Salaries Overtime
Example 1 Calculate the Net wage for the
following
Gross Deductions Net Wage
15 550 3 400
13 025 2 905
22 430 5 094
12 150
www.mathsrevision.com
10 120
17 336
36
Salaries Overtime
Example 2 Calculate the Net wage for this
payslip
704.00
149.00
www.mathsrevision.com
555.00
37
Salaries Overtime
Example 3 Calculate the Net wage for this
payslip
739.15
207.76
www.mathsrevision.com
531.39
38
Salaries Overtime
Now try Ex 7.1 Ch 1 (page 14)
www.mathsrevision.com
39
Starter Questions
www.mathsrevision.com
40
Wages Salaries
Learning Intention
Success Criteria

1. Calculate saving over a period time.

1. To explain how to calculate savings.

www.mathsrevision.com
41
Salaries Overtime
Example 1 Mick saves 12.50 each week. How
much does he save in 6 weeks?
www.mathsrevision.com
12.50 x 6 75.00
Saving is
42
Salaries Overtime
Now try Ex 8.1 MIA (page 17)
www.mathsrevision.com