Overtime Pay pp. 94-95 1-2 SECTION. Copyright © Glencoe/McGraw-Hill MBA, Section 1- 2, Slide 2 of 15 1-2 Section Objective Figure out: straight-time pay.

Slides:

Advertisements

Similar presentations

Finance Charge: Unpaid Balance Method pp SECTION.

Advertisements

Finance Charge: Unpaid Balance Method pp SECTION.

6-2 PAY PERIODS AND HOURLY RATES

SECTION 5-8 Annuities pp

Daily Compounding pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

Warm up Problem Jim is working 35 hours this week and he is paid $8.25 per hour. How much will Jim’s straight-time pay be this week? Answer STP = 8.25.

State Income Tax pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

SECTION 5-4 Simple Interest pp

Paying Off Simple Interest Installment Loans pp SECTION.

SECTION 5-4 Simple Interest pp

SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 1 of Section Objective Determine: salary per pay period.

SECTION 1-5 Salary pp

SECTION 13-5 pp Workers Compensation and

Vehicle Insurance pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

Compound Interest pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

SECTION 1-3 Weekly Time Card pp

SECTION 2-6 Statement of Earnings pp

Statement of Earnings pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright.

Graduated State Income Tax pp SECTION.

Aim: Compute Overtime Course: Math Literacy Do Now: Clarence is paid biweekly. His annual salary is $43,500. what is his biweekly salary rounded to the.

Homeowners Insurance pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright.

CHAPTER 1 GROSS INCOME. WHAT WILL WE LEARN? Section 1-1 Calculate straight-time pay. Figure out straight-time, overtime, and total pay. Calculate the.

Other Types of Life Insurance pp SECTION.

Social Security and Medicare Taxes pp SECTION.

Commission pp SECTION 1-6. SECTION MBA, Section 1- 6, Slide 2 of Section Objective Calculate: straight commission Determine: gross pay.

Administering Wages and Salaries pp SECTION.

SECTION 1-5 pp Salary.

Monthly Payment and Total Interest pp SECTION.

Compound Interest Tables pp SECTION.

Leasing a Vehicle pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

Check Registers pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

To find time and a half rates & double time rates based on and hourly wage 1. 5 ½ =.5 = 5/10 Hourly rate X 1.5 Overtime rate 2 Hourly rate X 2__ Overtime.

Starter Questions Q1. Find value of x when x + 4 = 16 Q3. Find 17.5 % of 240 Q2. Find two missing angles 32 o.

OVERTIME PAY SECTION 1.2. OBJECTIVE  Figure out:  Straight-time pay  Overtime pay  Total pay.

1.3 Regular and overtime pay

Health Insurance Benefits pp SECTION.

SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 6, Slide 1 of Section Objective Calculate: straight commission Determine: gross pay.

Commission pp SECTION. Copyright © Glencoe/McGraw-Hill MBA, Section 1- 6, Slide 2 of Section Objective Calculate: straight commission.

Salary pp SECTION. Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 2 of Section Objective Determine: salary per pay period.

Graduated State Income Tax pp SECTION.

Installment Loans pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

Installment Loans pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

Federal Income Tax pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

Sales Tax pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

SECTION 1-3 Weekly Time Card pp

Disability Insurance pp SECTION. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 13- 4, Slide 2 of Key Words to Know disability.

Sale Price pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

Net Profit pp SECTION. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 16-3, Slide 2 of Key Words to Know operating expenses.

Paying Off Simple Interest Installment Loans pp SECTION.

The Monthly Payment pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©

The Monthly Payment pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©

GOALS BUSINESS MATH© Thomson/South-WesternLesson 1.3Slide 1 1.3Regular and Overtime Pay Compute overtime pay rates Calculate regular and overtime pay.

Real Estate Taxes pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

Salary pp SECTION. Copyright © Glencoe/McGraw-Hill 1-5 Section Objective Determine: salary per pay period.

Deposits pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

Chapter 1 Gross Income.

Lesson 4: Overtime Consumer Math: p People paid by the hour are paid extra for hours they work in addition to regular hours. Overtime is hours worked.

Markdown pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

Practical Math Applications © Cengage Learning/South-Western Practical Math Applications © 2011 Cengage Learning. All rights reserved. May not be scanned,

1.1 Hourly Pay When you get a fixed amount of money for each hour you work. Hourly rate: amount paid per hour worked. Straight-time pay: the total amount.

Employee Benefits pp SECTION. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 13- 3, Slide 2 of Key Words to Know employee.

Figuring Your Paycheck Life Choices _____. Introduction Main reason most of us work is to _____ Paychecks are used to pay for _____ Important to know.

SECTION 1-2 Overtime Pay pp

SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-5, Slide 1 of Reconciling the Bank Statement pp SECTION.

SECTION 1-4 Piecework pp

Graduated State Income Tax pp SECTION.

How much should I get for working??…

SECTION 1-2 pp Overtime Pay.

SECTION 1-1 Hourly Pay pp

©2009 – Not to be sold/Free to use

Presentation transcript:

Overtime Pay pp SECTION

Copyright © Glencoe/McGraw-Hill MBA, Section 1- 2, Slide 2 of Section Objective Figure out: straight-time pay overtime pay total pay

SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 2, Slide 3 of SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 1, Slide 3 of XX 1-2 Key Words to Know overtime pay overtime pay (p. 94) Extra pay for hours worked beyond regular hours. time and a half time and a half (p. 94) An overtime pay rate of 1½ times more than the regular hourly rate.

SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 2, Slide 4 of Key Words to Know double time (p. 94) An overtime pay rate of two times more than the regular hourly rate, often paid for working Sundays and holidays.

SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 2, Slide 5 of Overtime Pay = Overtime Rate × Overtime Hours Worked Total Pay = Straight-Time Pay + Overtime Pay (Note: Total pay is often called gross pay.) Formulas

SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 2, Slide 6 of Bruce Wayne is paid $8.20 an hour for a regular 40-hour week. His overtime rate is 1½ times his regular hourly rate. This week Bruce worked his regular 40 hours plus 10 hours of overtime. What is his total pay? Example 1

SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 2, Slide 7 of Find the straight-time pay. Hourly Rate × Regular Hours Worked $8.20 × 40 = $ Example 1 Answer: Step 1

SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 2, Slide 8 of Find the overtime pay. Overtime Rate × Overtime Hours Worked (1.5 × $8.20) × 10 = $ Example 1 Answer: Step 2

SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 2, Slide 9 of Find the total pay. Straight-Time Pay + Overtime Pay $ $ = $ Example 1 Answer: Step 3

Overtime Pay Home work Pg. 95: 1-12 odd