Download - Warm Up 2345 x.12 2345 x.12 2345 + 3456 2345 + 3456 1234 x.19 1234 x.19 1234 + 2345 1234 + 2345
Warm UpWarm Up
2345 x .122345 x .12 2345 + 34562345 + 3456 1234 x .191234 x .19 1234 + 23451234 + 2345
Consumer Consumer FinanceFinance
Chapter 1: Earning MoneyChapter 1: Earning Money
Lesson 12: Salary Plus Lesson 12: Salary Plus CommissionsCommissions
VOCABVOCAB NoneNone
DIRECTIONS (Salary + DIRECTIONS (Salary + Commission)Commission)
Change % to decimalChange % to decimal Move the decimal 2 spots LEFTMove the decimal 2 spots LEFT
Calculate commissionsCalculate commissions Multiply Multiply
Sales x Rate of Commissions = COMMISSIONSSales x Rate of Commissions = COMMISSIONS
AddAdd Salary + COMMISSIONSSalary + COMMISSIONS
Salary / the number of times each thing Salary / the number of times each thing happenshappens
I DO (Salary + I DO (Salary + Commissions)Commissions) Find how much each person makesFind how much each person makes
SalesSales ROCROC SalarySalary1.1.$30000$30000 4%4% $500$5002.2.$120000$120000 2.5%2.5% $300$3003.3.$25000$25000 5%5% $12000$120004.4.$45000$45000 3.5%3.5% $20000$20000
WE DO (Salary + WE DO (Salary + Commissions)Commissions)
Find how much each person makesFind how much each person makesSalesSales ROCROC SalarySalary1.1.$300000$300000 4.7%4.7% $250$2502.2.$670985$670985 6.6%6.6% $150$1503.3.$35500$35500 7.5%7.5% $30000$300004.4.$65985$65985 5.5%5.5% $26500$26500
YOU DO (Salary + YOU DO (Salary + Commissions)Commissions)
Find how much each person makesFind how much each person makesSalesSales ROCROC SalarySalary1.1.$90985$90985 5.4%5.4% $200$2002.2.$28540$28540 3.2%3.2% $475$4753.3.$34985$34985 7.9%7.9% $27750$277504.4.$47750$47750 8%8% $35500$35500
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Today we learned how to calculate a Today we learned how to calculate a persons salary plus commissionspersons salary plus commissions
HOMEWORKHOMEWORK WORKSHEETWORKSHEET
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5230 + 36155230 + 3615 3987 + 38763987 + 3876 4567 – 48924567 – 4892 5123 - 54325123 - 5432
CONSUMER FINANCECONSUMER FINANCE
Chapter 1: Earning MoneyChapter 1: Earning Money
Lesson 13: Net PayLesson 13: Net Pay
VOCABVOCAB
Gross Pay – is your full earnings Gross Pay – is your full earnings (before taxes)(before taxes)
Deductions – is money withheld from Deductions – is money withheld from your paycheckyour paycheck
Net Pay – is the amount of money Net Pay – is the amount of money you take home (after taxes)you take home (after taxes)
Directions (Net Pay)Directions (Net Pay)
Gross Pay – All deductionsGross Pay – All deductions
I DO (Net Pay)I DO (Net Pay)
Gross Pay Fed Tax State Tax S.S. Medicare Health
600 96.80 32.97 37.20 8.70 41.63
500 60.07 24.95 31 7.25 39.37
403 45.52 19.62 24.99 5.84 26.60
776.97 118.62 38.95 48.11 11.25 53.88
Calculate the persons Net Pay
WE DO (Net Pay)WE DO (Net Pay)
Calculate the persons Net PayCalculate the persons Net PayGross Pay
Federal Tax
State Tax S.S. Medicare Health
120.75 10.54 6.63 7.94 1.75 0
360.56 46.43 19.78 22.32 5.22 5
1235.50 210 36.30 42.95 98.75 21.25
3425.75 512.24 275.50 35.56 89.75 12.35
YOU DO (Net Pay)YOU DO (Net Pay)
Calculate the persons Net PayCalculate the persons Net PayGross Pay
Federal Tax
State Tax
S.S. Medicare
Health
2500 750.50 110 205 35.50 47.50
750.50 123.54 75.25 31.35 12.50 0
1345.56 235.75 34.56 45.67 56.78 0
2345.67 850.50 123.45 97.45 85.50 56.50
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What did you learn today?What did you learn today?
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WorksheetWorksheet