Calculating Wages

To calculate your weekly wages...

• Trust your boss to just pay you enough

• Divide your annual pay by the number of hours you work in a week.

• Multiply your hourly pay by the number of hours you work each week.

• Take your hourly pay times the number of hours you work a day.

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CCSS.7.EE.B.3

Salary pay means...

• You multiply your hourly wage by the number of hours you work.

• You only earn that amount of money in a year - regardless of the hours you work.

• You qualify for a lot of overtime and will make tons of money!

• You qualify for job-supplemented health insurance.

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CCSS.7.EE.B.3

Minimum wage in New York state is...

• $15.35

• $11.80

• $13.15

• $2.50

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CCSS.7.EE.B.3

CCSS.7.NS.A.3

Full time work is

• Less than 30 hours a week

• Anything more than 20 hours per week

• 24 hours a day

• Between 30 and 40 hours per week

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CCSS.7.RP.A.3

The equation we use to calculate weekly pay is...

• $ hourly pay x # of hours worked that week

• $ hourly pay x # of hours worked that month

• $ hourly pay x 52 weeks in a year

• Salary / # of hours worked

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CCSS.7.EE.B.3

If you work 35 hours per week, and make $11.80 an hour, the calculation for MONTHLY pay is...

• 35+$11.80+4

• 35 x $11.80 x 4

• 35 / 4 x 11.80

• 35 x 40

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CCSS.7.EE.B.3

If you work for $19.00 an hour and work 20 hours per week, the calculation for WEEKLY pay is

• $19.00 x 20 x 4

• $19.00 x 8 x 4

• $19.00 + 180.00

• $19.00 x 20 x 1

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CCSS.7.EE.B.3

If you have a SALARIED job that pays $45,000 a year, the calculation to find MONTHLY pay would be...

• $45,000 x 52

• $45,000 / 52

• $45,000 / 12

• $3,750 x 12

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Overtime means...

• You worked you scheduled hours and your boss can't ask you to come in to cover more shifts

• You worked more than your scheduled hours and earn "pay and a half" for every hour above your normal schedule

• You were paid more than you were supposed to, you'll have to pay it back later.

• You worked more than your scheduled hours and earn "normal wages" for every hour above your normal schedule

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CCSS.7.EE.B.3

If you work for $14.00 an hour and worked 60 hours in a week, you would calculate your salary with...

• $14.00 x 60 x 1

• $14.00 x 40 x 1.5

• (($14.00 x 40) + ($21.00 x 20)) x 1.5

• (($14.00 x 40) + ($21.00 x 20)) x 1

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CCSS.7.EE.B.3