Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.6 Piecework From wages to salary to commission; earning money comes in many different ways. The more.

Slides:



Advertisements
Similar presentations
1. Some jobs pay on a piecework basis. 2. You receive a specified amount of money for each item of work that you complete. Total Pay= Rate per Item x.
Advertisements

S4 Credit Wages & Salaries Wages Rises Money Time-Sheets Overtime Pay Piecework & Commission Payslip National Insurance Income Tax.
Wage Calculations.
Commissions, Royalties, & Piecework Pay
6-3 COMMISSIONS, ROYALTIES, AND PIECEWORK PAY
Calculations In Everyday Contexts.. Wage Rises Example 1. (a) The new annual wage. (b) The new monthly wage. Solution (a)The new annual wage = old wage.
Gross Earnings: Piecework and Commissions
Basic Consumer Mathematics Skills Workbook
8-6 Applications of Percents Course 3 Warm Up Warm Up Problem of the Day Problem of the Day Lesson Presentation Lesson Presentation.
Chapter 6 Payroll Section 2 Gross Earnings: Piecework and Commissions © 2012 Pearson Education, Inc. All rights reserved.
Commissions, Royalties, & Piecework Pay
A fashion victim? This lesson, we’ll see how some of our clothes are made by exploiting people in poorer countries.
Calculating Gross Earnings with Differing Methods of Compensation.
Applications of Percent
Chapter Nine PAYROLL Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Applications of Percents
Pre-Algebra HOMEWORK Page 423 #31-38 & Spiral Review (#39-45) Answers.
Learn to find commission, sales tax, and percent of earnings.
Applications of Percents 6-6 Warm Up Warm Up Lesson Presentation Lesson Presentation Problem of the Day Problem of the Day Lesson Quizzes Lesson Quizzes.
Career Impact on Income. Questions to Answer  How does the career you choose affect your income?  What employee characteristics are important to an.
Chapter 2 – Earning an income 2.2 Alternate Ways to Earn Money.
Applications of Percents 6-5 Warm Up Warm Up Lesson Presentation Lesson Presentation Problem of the Day Problem of the Day Lesson Quizzes Lesson Quizzes.
Course Applications of Percents Warm Up Estimate % of out of % of out of % % Possible answers:
Section 4.1: Gross Earnings. Unit 4.1 Vocabulary 1. Base salary 2. Commission 3. Commission employees 4. Double Time 5. Gross Pay 6. Hourly employees.
Annual Wage / Salary How much a person is paid in a year Wages & Salaries 12 months in a year 52 weeks in a year.
NS 5.1.2: Consumer Arithmetic Students learn about calculating earnings for various time periods from different sources, including: Wage  Salary  Commission.
Annual Wage / Salary How much a person is paid in a year Wages & Salaries 12 months in a year 52 weeks in a year.
Section 3.7 Cost, Income and Value Problems. Example 1 Tickets for the senior class pay cost $6 for adults and $3 for students. A total of 846 tickets.
Consumer Decisions Earning Money.
Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.1 Hourly Wage- Part 2 From wages to salary to commission; earning money comes in many different ways.
Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.5 Tips and Equivalent Pay From wages to salary to commission; earning money comes in many different.
Chapter 9 Payroll McGraw-Hill/Irwin
W AYS TO GET PAID. J OURNAL 2 Give a definition for how people are paid: hourly, salary, commission, piecework. What jobs do you think fit into each category?
Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.7 Commission From wages to salary to commission; earning money comes in many different ways. The more.
Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.3 Rounding Time to 15 Minutes From wages to salary to commission; earning money comes in many different.
Gross Earnings: Piecework and Commissions Section 6.2.
GOALS BUSINESS MATH© Thomson/South-WesternLesson 1.1Slide 1 1.1Hourly Pay and Salary Calculate gross pay for hourly-rate employees Calculate gross pay.
Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas I get paid weekly, but pay bills monthly. How can I be sure I am not going to run.
Pay Periods and Hourly Rates
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.
Pre-Algebra 8-6 Applications of Percents 1. The lunch bill was $8, and you want to leave a 15% tip. How much should you tip? 2. The sales tax is 5.75%,
Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.8 Annual Salary From wages to salary to commission; earning money comes in many different ways. Show.
Applications of Percents
Chapter 2 – Earning Money 2.3 Additional Earnings.
Using Math in Consumer Credit and Payroll
Copyright 2014 © W. Seth Hunter ConsumerMath.org L9.1 Understanding Interest Interest can be a life long friend or an unforgiving master. Making interest.
Your Reward for Hard Work
Your Reward for Hard Work Your paycheck should reflect your gross income. Why is it important to know how to calculate your gross income?
Financial Terms Important Terms for Life and for Spreadsheets.
©2009, TESCCC Second Grade Unit 10 Lesson 1 Goods & Services.
Commissions & Taxes 8 th Grade Math. Vocabulary Percent Applications Hangman.
 Make a list o fall the jobs you’ve had.  If you haven’t had a job, make a list of your parents or a relatives.  Next to each job explain how, when,
Tips and Piecework Unit 1 Lesson 5. Objectives  Determine total income earned from a combination of regular wages and tips.  Use the total number of.
Commission is a fee paid for services, usually a percentage of the total cost. Jack’s Gallery sold Carole’s painting for $500 so Carole paid the gallery.
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.
CALCULATING GROSS PAY— ASSIGNMENT #2. Alec gets paid $10.00 an hour. This week, he worked 40 hours. What is Alec’s Gross Pay?
CP Math Lesson 1-4 “Problem Solving”. Quiz Solve for ‘r’: 1. Solve for ‘w’: 2. Find ‘y’ when x = -3:
Aim: Commission, Royalties, Piecework Course: Math Literacy Do Now: Jessica wrote a book for junior high school students. She receives 10% of total sales.
Lesson 2: Types of Income. Objectives: Identify sources of income. Identify various forms of income. Determine how the average wage or salary for different.
Warm up F(x) = 2x + 4G(x) = 3x – 1 F(13) = G(10) = F(x) = 20 find x G(x) = 8 find x.
Copyright 2016 © W. Seth Hunter ConsumerMath.org L7.1 Staffing Requirements Calculate staffing requirements for a manufacturing company. How many employees.
Preparing Payroll Time Cards Lesson Paying Employees Salary: money paid for employee services Salary: money paid for employee services Weekly Weekly.
CALCULATING GROSS EARNINGS WITH DIFFERING METHODS OF COMPENSATION.
SECTION 1-4 Piecework pp
Commissions, Royalties, & Piecework Pay
The Value of an education
Skill 1: Wages.
Commissions, Royalties, & Piecework Pay
Unit #1: Earning Income.
Presentation transcript:

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.6 Piecework From wages to salary to commission; earning money comes in many different ways. The more pieces you finish, the more you get paid.

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.6 Piecework Lesson Objective Students will learn how to calculate an income based on piecework.

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.6 Piecework Piecework Piecework is work in which you are paid for each “piece” of work that you do. For example, these workers get paid by: Field worker- Apples Picked Contractor- Windows Installed Doctor- Shots Given Dentist- Teeth Pulled Artist- Sculptures Sold Others?

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.6 Piecework Calculating Piecework To calculate piecework, use this equation: Pieces Completed x Rate per Piece = Income

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.6 Piecework Calculating Piecework Anthony works in a clothes factory. He gets paid $0.78 for each sleeve that he sews onto a shirt. Using the chart, what will his income be? Pieces Finished: MTWTHFR Pay is $0.78 per piece

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.6 Piecework Calculating Piecework Anthony works in a clothes factory. He gets paid $0.78 for each sleeve that he sews onto a shirt. Using the chart, what will his income be? Pieces Finished: MTWTHFR Pay is $0.78 per piece Step 149M 57T 63W 42TH + 54F 265 Total Pieces Sewn

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.6 Piecework Calculating Piecework Anthony works in a clothes factory. He gets paid $0.78 for each sleeve that he sews onto a shirt. Using the chart, what will his income be? Pieces Finished: MTWTHFR Pay is $0.78 per piece Step 149M 57T 63W 42TH + 54F 265 Total Pieces Sewn Step 2265Total Pieces $ 0.78 $ per piece $ Wages

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.6 Piecework Practice Celia works in a watch factory. She gets paid $0.30 for each watch face she puts in place. Using the chart, what will her income be? Pieces Finished: MTWTHFR Pay is $0.30 per piece

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.6 Piecework Practice Celia works in a watch factory. She gets paid $0.30 for each watch face she puts in place. Using the chart, what will her income be? Pieces Finished: MTWTHFR Pay is $0.30 per piece Step 1100M 92T 55W 125TH + 95F 467 Total Pieces Sewn Step 2467Total Pieces $ 0.30 $ per piece $140.10Wages

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.6 Piecework Review: 1.What is piecework? 2.What is the equation for piecework? 3.If you are paid $1.50 for each box you make in the cabinet factory, how much would your income be if you made 500 boxes?

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.6 Piecework Review: 1.What is piecework? 2.What is the equation for piecework? 3.If you are paid $1.50 for each box you make in the cabinet factory, how much would your income be if you made 500 boxes? Work in which you are paid for each “piece” of work that you do. Pieces Completed x Rate per Piece = Income $750.00