N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Hourly Rates / Wages Wages / Hourly Rates Income Weekly / Monthly Wages Wage Rises Commission Wages Overtime Pay Gross - Deductions = NET pay Exam Type Questions

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Starter Questions

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Learning Intention Success Criteria 1.Understand the terms wage and salary. 1.We are learning to calculate wages. 2.Calculate wage / salary given hourly rate. Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Wages / Salary :How much a person is paid to do a job. Can be measured weekly, monthly or annually. Income Hourly rate :How much you get paid for an hours work.

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. £6.50 x 38 = £247.00Pay is = Example : Mick the mechanic hourly rate of pay is £6.50. Last week he worked 38 hours. What is his basic pay? Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. £10.50 x 40 = £420.00Pay is = Example : Jim is a joiner his hourly rate of pay is £ He works 40 hours a week. What is his basic pay? Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. £239 x 52 = £ Annual Salary = Example : A shop assistant gets paid £239 a week. How much is her annual salary. Income 52 weeks in a year !

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. £1 100 x 12 = £ Annual Salary = Example : A mechanic gets paid £1 100 a month. A bus driver gets paid £260 a week. Who gets the better annual salary. Income Mechanic : Bus Driver : £260 x 52 = £ Annual Salary = Bus driver has better annual wage

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Now Try TJ N4 Lifeskills Exercise 1 Ch25 (page 198) Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Starter Questions Q1. Find the value of y when 2y + 6 = 24 Q2. Find the two missing angles Q3.Find two numbers that add give 10 and divide to give 4.

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Learning Intention Success Criteria 1.Understand the term hourly rate. 1.We are learning to calculate hourly rates. 2.Calculate hourly rates given the wage and hours worked. Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. £200 ÷ 40 = £5.00Hourly rate is = Example : Bill the gardener is paid £ 200 a week. He works 40 hours a week. What is his hourly rate? Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. £ ÷ 32 = £4.80Pay is = Example : Paul starts a new job and is promised a hourly rate of £4.90. His wage for the week was £ for 32 hours Of work. Was the employers promise true. Income False !

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Now Try TJ N4 Lifeskills Exercise 2 Ch25 (page 199) Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Starter Questions Starter Questions

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Learning Intention Success Criteria 1.We are learning to calculate weekly and monthly wages from annual salary. 1.Calculate weekly and monthly wages from annual salary. Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Example : William gets an annual salary of £ What is his monthly wage. What is his weekly wage. Income £ ÷ 12 = £ Monthly wage: Weekly wage : £ ÷ 52 = £ weeks in a year ! 12 months in a year !

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Now Try TJ N4 Lifeskills Exercise 3 Ch25 (page 200) Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Starter Questions

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Learning Intention Success Criteria 1.We are learning to calculate new wages after a wage rise. 1.Calculate a percentage rise. Income 2.Calculate new wages after a percentage rise.

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Example : Frances earned an annual salary of £ last year. She receives a 10% rise this year. What is her new salary. Income 10 ÷ 100 x £ = £ Rise : New salary : £ £2 000 = £

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Example : Gerry earned an annual salary of £ last year. He receives a 4% rise this year. What is his new salary. Income 4 ÷ 100 x £ = £ 720 Rise : New salary : £ £720 = £

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Now Try TJ N4 Lifeskills Exercise 4 Ch25 (page 202) Income

N4 LS 24-Jun-16Created 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 33 o

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Learning Intention Success Criteria 1.We are learning to calculate wages when commission is involved. 1.Understand the term commission. Income 2.Calculate wages involving commission.

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Commission :Money earned based on how much you sell. Usual expressed as a percentage. Income Write some people who get commission Car sales person Double glazing sales person

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Example : Ted sells car. He is paid a commission of 5% on any cars he sells. Last week he sold £ worth of cars. How much commission was he paid ? Income 5 ÷ 100 x £ = £ Commission :

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. 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. Income x 30 = = £150 Paid :

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Now Try TJ N4 Lifeskills Exercise 5 Ch25 (page 203) Income

N4 LS 24-Jun-16Created 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 32 o

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Learning Intention Success Criteria 1.We are learning to calculate wages which include overtime / bonus rates. 1.Understand the terms overtime, ‘double time’ and ‘time and a half’ and bonus. Income 2.Calculate wages with overtime.

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Overtime :When you do extra work above your basic hours. Income 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)

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. 4 x £6 x 2 = £ hours Overtime is = Example : Percy the painter works for £6.00 per hour. His overtime rate is “Double time”. What does he get paid for 4 hours overtime. Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. 5 x £8 x 2 = £ hours overtime is = Example : 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. Income 40 x £8 = £ hours basic time is = Total pay is = £320 + £80 = £400

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. 4 x £6 x 1.5 = £ hours overtime is = 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. Income 30 x £6 = £ hours basic time is = Total pay is = £36 + £180 = £216.00

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Now Try TJ N4 Lifeskills Exercise 6 Ch25 (page 204) Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Starter Questions Starter Questions 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.

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Learning Intention Success Criteria 1.We are learning to calculate NET pay. 1.Understand the terms Gross, Deductions and NET pay. Income 2.Calculate NET pay.

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Gross Pay:What you are paid by the employer. Income Tax National Insurance Deductions:Taken off your wages. Net Pay:Your take home pay. Write down some Pension

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Example : Calculate the Net wage for the following : IncomeGrossDeductions Net Wage £ £3 400 £ £2 905 £ £5 094 £ £ £17 336

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Example : Calculate the Net wage for this payslip : Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Example : Calculate the Net wage for this payslip : Income

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Now Try TJ N4 Lifeskills Exercise 7 Ch25 (page 208) Income Have you updated your Learning Log ?

24-Jun-16Created by Mr. Lafferty Maths Dept. 3 KU 1 KU

24-Jun-16Created by Mr. Lafferty Maths Dept. 3 KU

24-Jun-16Created by Mr. Lafferty Maths Dept.

24-Jun-16Created by Mr. Lafferty Maths Dept.

24-Jun-16Created by Mr. Lafferty Maths Dept. Walter is a double glazing salesman. Each month he earns £500 plus 5% commission on all his sales. Calculate the value of his sales in a month when his total earnings were £1900.

24-Jun-16Created by Mr. Lafferty Maths Dept. Claire sells cars. She is paid £250 per month plus 3% commission on her sales. How much is she paid in a month when her sales are worth £72 000?

24-Jun-16Created by Mr. Lafferty Maths Dept. Alice Anderson has a part-time job in a call centre. Her basic rate of pay is £6.50 per hour. At weekends she gets paid overtime at time and a half. Last week she was paid £136.50, which included 4 hours overtime. How many hours did she work at the basic rate?

24-Jun-16Created by Mr. Lafferty Maths Dept. Ann works in a hotel. She is paid £5.60 per hour on weekdays and double time at weekends. Last month her gross pay was £ Ann worked a total of 54 hours on weekdays. How many hours did she work at double time?

24-Jun-16Created by Mr. Lafferty Maths Dept. Corrina has a part time job in a local pottery. She paints designs on coffee mugs. Her basic rate of pay is £6.25 per hour. She also gets paid an extra 22 pence for every mug she paints. Last week Corrina worked 15 hours and painted 40 mugs. How much was she paid?