1 / 22

Earning Money II

Earning Money II. Overtime pay Weekly & Hourly Rates. Warm-up: Find gross pay. 5 hours at $6.13 per hour 26 ½ hours at $6.90 per hour 32 ¼ hours at $7.25 per hour 6 ¾ hours at $8.10 per hour. Overtime. This is amount of time that you work over the agreed-upon or “straight” time.

more
Download Presentation

Earning Money II

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Earning Money II Overtime pay Weekly & Hourly Rates

  2. Warm-up: Find gross pay • 5 hours at $6.13 per hour • 26 ½ hours at $6.90 per hour • 32 ¼ hours at $7.25 per hour • 6 ¾ hours at $8.10 per hour

  3. Overtime • This is amount of time that you work over the agreed-upon or “straight” time. • A normal work week is usually 40 hours. • You can get paid time & one-half or double time for overtime hours.

  4. Time and one-half • Payment of 1.5 times the hourly rate for each hour of overtime.

  5. Mary worked 43 hours at $6.30 per hour and time and one-half for all time worked over 40 hours. What is her gross pay? Overtime: 43 – 40 = 3 hours Time & one-half: 1.5 (3) = 4.5 hours Total hours paid for: 40 + 4.5 = 44.5 Pay : 44.5 x $6.30 = $280.35

  6. Carol works 44 hours at $5.20 per hour with time and one-half for all time over 40 hours. Find Carol’s gross pay.

  7. Forty-three hours at $14 per hour with time and one-half over 40 hours.

  8. Jim works 34 hours for $5.65 per hour with time and one-half for all time over 25 hours. Find Jim’s gross pay.

  9. Find gross pay for 52 hours at $5.90 per hour with time and one-half after 40 hours.

  10. Double Time: • Multiply the overtime hours by 2.

  11. Sue worked 48 hours at a rate of $5.80 per hour and is paid double-time for any hours over 40 hours per week. Find her gross pay. • Overtime = 48 – 40 = 8 • Double Time = 8 x 2 = 16 • Total Time =40 + 16 = 56 hours • Gross pay = 56 x $5.80 = $324.80

  12. Find Luke’s pay for 48 hours if he earns $8.20 per hour with double time for any hours over 40.

  13. Pam earn $5.50 an hour babysitting. If she works 16 hours per week and charges double time for any time over 10 hours, then how much is her gross pay?

  14. Find the gross pay if Ed works eleven hours at $6.15 per hour with double time after 8 hours.

  15. Remember how to divide decimals.

  16. Try (by hand):

  17. Sometimes the yearly salary is given in a job description and we want to know what the weekly salary is….. • There are 52 weeks in a year. • Yearly Salary 52 = Weekly Salary

  18. Mary is paid $12, 870 per year working as a secretary. Find Mary’s weekly salary if she works 52 weeks per year.

  19. Find the weekly salary if the person is paid $38,780 per year.

  20. Finding an hourly rate.

  21. Tim’s weekly gross pay if $492. If he works 40 hours, then what is his hourly rate?

  22. So what if my weekly salary was $355, what would my yearly salary be?

More Related