Personal Finance – 4/20/17

 I.  Bellwork

A.    How many standard work hours are in a:

  1. day
  2. week
  3. month
  4. Year

II.  Objectives:

  • Content OBJ -calculate  gross pay based upon minimum wage laws
  • Lang OBJ – create a thinking map  explaining how to calculate  gross wages based upon Michigan’s minimum wage laws.

III.  Notebook  

A.   Determining regular hours and overtime hours for various pay periods

Steps in determining gross pay

  1. Determine yearly pay
  2. Determine Hourly Pay:  Divide yearly pay by 2080
  3. Determine Regular Wages:  Hourly Pay * Regular work hours
  4. Determine Overtime Work Hours:  Hourly Pay * Overtime work hours * 1.5
  5. Determine Gross Wages:  Regular Wages + Overtime Wages

IV  Classwork:

  • H&R Block Budget Challenge Quiz/Survey
  • Google Classroom:  6.1.2 calc gross pay

 

 


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow this blog

Get every new post delivered right to your inbox.




Skip to toolbar