Download CF 1.12Wages - bishopa-CF

Warm-Up
• Multiply
1.
2.
3.
4.
5 x 7.25
25 x 8.00
40 x 8.35
37 x 3.15
Consumer
Finance
Chapter 1
Earning Money
EARNING MONEY
• Lesson 1 (AKA 1.1)
• Wages
VOCAB
• Hourly Rate is the amount of money you
earn in an hour
• Wages is money you receive on payday
Discussion
• How many hours should a person work in
a day?
• How many hours should a person work in
a week?
• How many hours of work is considered
full-time?
DIRECTIONS
• Multiply
– Hourly Rate x Hours Worked
I DO
• Calculate the weekly wages
Name
1. Inez
2. Earl
3. Brian
4. Edwina
Hourly Rate
$9.00
$7.56
$7.50
$8.95
Hours worked
40
38
40
40
WE DO
• Calculate the weekly wages
Name
1. Ciro
2. Cathy
3. Yoshitaka
4. Penny
Hourly Rate
$10.57
$6.13
$9.22
$9.56
Hours worked
37
39
40
40
YOU DO
• Calculate the weekly wages
Name
1. Terrell
2. Liam
3. Caitlyn
4. Brad
Hourly Rate
$7.87
$11.25
$10.75
$3.15
Hours worked
35
40
21
34
REVIEW
• Today we learned how to calculate a
person’s weekly wages
– Just multiply the hourly rate and the number
of hours worked
HOMEWORK
• Worksheet
Warm-Up
• Calculate the weekly wages
Name
– 1. Keenan
– 2. Stacy
Hourly Rate Hours Worked
$9.25
40
$7.65
29
Consumer
Finance
Chapter 1
Earning Money
EARNING MONEY
• Lesson 2 (AKA 1-2)
• Annual Wages
VOCAB
• Annual Wages is the amount of money
you earn during a full year
• Estimate is the when you round to make a
problem easier
Discussion
• How many days are in a year?
• How many weeks are in a year?
• How many months are in a year?
– What would these numbers be rounded?
– Would this be an over estimate or an
underestimate?
Discussion
• How many hours do you need to work to
be considered full-time?
• What is our “magic multiplying number?”
DIRECTIONS
• MULTIPLY
– Hourly Rate x 2000
I DO
• Estimate the annual salary
– Name
– 1. Rod
– 2. Leroy
– 3. Kim
– 4. Lily
Hourly Rate
$6.50
$7.50
$8.98
$6.75
WE DO
• Estimate the annual salary
– Name
– 1. Tony
– 2. Jim
– 3. Ann
– 4. Rose
Hourly Rate
$7.15
$6.33
$11.15
$9.75
YOU DO
• Estimate the annual salary
– Name
– 1. Abe
– 2. Juan
– 3. Alejandra
– 4. Tiffany
Hourly Rate
$10.25
$8.35
$9.65
$7.40
REVIEW
• Today we learned how to estimate annual
wages
– Just multiply the hourly rate and the number
of 2000
• 2000 comes from 40 hours per week and 50
weeks in a year
HOMEWORK
• Worksheet