1. Warm-Up Calculate the total hours worked for the week AM PM DayIn OutIn Out Mon7:30 12:401:30 5:50 Tues5:45 10:1511:15 2:00 Wed6:00 11:2012:15 7:45 Thurs8:30 12:151:30 5:45 Fri9:30 12:001:15 5:30

2. Consumer Finance Chapter 1 Earning Money

3. EARNING MONEY Lesson 4 (AKA 1-4) Overtime

4. OBJECTIVES To find time and a half rates and double time rates To find number of total hours, regular hours, and overtime hours

5. VOCAB Overtime is the amount of time worked that is more than 40 hours Per means for each or for one Ex) miles per gallon Time and a half means payment of 1.5 times the regular hourly rate Double time means payment of 2 times the regular hourly rate

6. I DO Calculate time and a half AND double time Hourly Rate 1) $8.00 2) $7.50 3) $8.96 4) $10.78

7. WE DO Calculate time and a half AND double time Hourly Rate 1) $8.50 2) $8.14 3) $9.75 4) $12.50

8. YOU DO Calculate time and a half AND double time Hourly Rate 1) $7.75 2) $9.30 3) $10.57 4) $11.19

9. I DO Calculate total hours, regular hours, time and a half, and double time hours Hours Worked Each Day MTWTFSSMTWTFSS 1)8889800 2)8879800 3)108980010

10. WE DO Calculate total hours, regular hours, time and a half, and double time hours Hours Worked Each Day MTWTFSSMTWTFSS 4)8988803 5)10999965

11. YOU DO Calculate total hours, regular hours, time and a half, and double time hours Hours Worked Each Day MTWTFSSMTWTFSS 1)8989804 2)8888888

12. I DO Calculate total hours, regular hours, time and a half, and double time hours Monday was July 4 th (double time) Hours Worked Each Day MTWTFSSMTWTFSS 1)8888800 2)8898820

13. WE DO Calculate total hours, regular hours, time and a half, and double time hours Monday was July 4 th (double time) Hours Worked Each Day MTWTFSS 1)10888800 2)8989800

14. YOU DO Calculate total hours, regular hours, time and a half, and double time hours Monday was July 4 th (double time) Hours Worked Each Day MTWTFSS 1)8888888 2)81078800

15. REVIEW Today we learned how to calculate overtime wages

16. HOMEWORK Calculate total hours, regular hours, time and a half, and double time hours (HOW MUCH IS TIME AND HALF AND DOUBLE TIME) Monday was July 4 th (double time) on #2

17. Chapter 1 Lesson 5 (aka 1.5) Regular wages plus overtime

18. Vocab None is when there is zero vocabulary terms to learn today

19. Directions Break hours worked into 2 categories Regular hours and overtime hours Multiply Regular hrs x hourly rate = reg wages Hourly rate x 1.5 = OT rate OT rate x OT hrs = OT wages Add Reg Wages + OT wages = Total Wages

20. I DO (Reg wages plus OT) Calculate a persons Total Wages Hourly Rate Hours Worked 1)$7.5037 2)$9.7545 3)$7.3552 4)$8.0061

21. WE DO (Reg wages plus OT) Calculate a persons Total Wages Hourly Rate Hours Worked 1)$8.1540 2)$7.4525 3)$9.1550 4)$11.3557

22. YOU DO (Reg wages plus OT) Calculate a persons Total Wages Hourly Rate Hours Worked 1)$3.1560 2)$10.2040 3)$6.5075 4)$9.6553

23. Review Today we learned how to calculate a persons page check when given the hours worked and pay rate

24. Homework Worksheet