Personal Finance – 4/20/17
I. Bellwork
A. How many standard work hours are in a:
- day
- week
- month
- 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.
A. Determining regular hours and overtime hours for various pay periods
B Steps in determining gross pay
- Determine yearly pay
- Determine Hourly Pay: Divide yearly pay by 2080
- Determine Regular Wages: Hourly Pay * Regular work hours
- Determine Overtime Work Hours: Hourly Pay * Overtime work hours * 1.5
- Determine Gross Wages: Regular Wages + Overtime Wages
IV Classwork:
- H&R Block Budget Challenge Quiz/Survey
- Google Classroom: 6.1.2 calc gross pay
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