Warm-Up

• Calculate the total hours worked for the week

AM PMDay In Out In

OutMon 7:30 12:401:30 5:50Tues 5:45 10:1511:15 2:00Wed 6:00 11:2012:15 7:45Thurs 8:30 12:151:30 5:45Fri 9:30 12:001:15 5:30

Consumer Finance

Chapter 1Earning Money

EARNING MONEY

• Lesson 4 (AKA 1-4)• Overtime

OBJECTIVES

• To find time and a half rates and double time rates

• To find number of total hours, regular hours, and overtime hours

VOCAB

• Overtime is the amount of time worked that is more than 40 hours

• Per means for each or for one• Ex) miles per gallon

• Time and a half means payment of 1.5 times the regular hourly rate

• Double time means payment of 2 times the regular hourly rate

I DO

• Calculate time and a half AND double timeHourly Rate• 1) $8.00• 2) $7.50• 3) $8.96• 4) $10.78

WE DO

• Calculate time and a half AND double timeHourly Rate• 1) $8.50• 2) $8.14• 3) $9.75• 4) $12.50

YOU DO

• Calculate time and a half AND double timeHourly Rate• 1) $7.75• 2) $9.30• 3) $10.57• 4) $11.19

I DO

• Calculate total hours, regular hours, time and a half, and double time hours

Hours Worked Each DayM T W T F S S

1) 8 8 8 9 8 0 02) 8 8 7 9 8 0 0

3) 10 8 9 8 0 0 10

WE DO

• Calculate total hours, regular hours, time and a half, and double time hours

Hours Worked Each DayM T W T F S S

4) 8 9 8 8 8 0 35) 10 9 9 9 9 6 5

YOU DO

• Calculate total hours, regular hours, time and a half, and double time hours

Hours Worked Each DayM T W T F S S

1)8 9 8 9 8 0 42)8 8 8 8 8 8 8

I DO

• Calculate total hours, regular hours, time and a half, and double time hours• Monday was July 4th (double time)

Hours Worked Each DayM T W T F S S

1)8 8 8 8 8 0 02)8 8 9 8 8 2 0

WE DO

• Calculate total hours, regular hours, time and a half, and double time hours• Monday was July 4th (double time)

Hours Worked Each DayM T W T F S S

1) 10 8 8 8 8 0 02)8 9 8 9 8 0 0

YOU DO

• Calculate total hours, regular hours, time and a half, and double time hours • Monday was July 4th (double time)

Hours Worked Each DayM T W T F S S

1)8 8 8 8 8 8 82)8 10 7 8 8 0 0

REVIEW

• Today we learned how to calculate overtime wages

HOMEWORK

• Calculate total hours, regular hours, time and a half, and double time hours (HOW MUCH IS TIME AND HALF AND DOUBLE TIME)• Monday was July 4th (double time) on #2

Chapter 1

• Lesson 5 (aka 1.5)• Regular wages plus overtime

Vocab

• None is when there is zero vocabulary terms to learn today

Directions• Break hours worked into 2 categories

• Regular hours and overtime hours

• Multiply• Regular hrs x hourly rate = reg wages• Hourly rate x 1.5 = OT rate• OT rate x OT hrs = OT wages

• Add• Reg Wages + OT wages = Total Wages

I DO (Reg wages plus OT)

• Calculate a persons Total WagesHourly Rate Hours Worked1)$7.50 372)$9.75 453)$7.35 524)$8.00 61

WE DO (Reg wages plus OT)

• Calculate a persons Total WagesHourly Rate Hours Worked1)$8.15 402)$7.45 253)$9.15 504)$11.35 57

YOU DO (Reg wages plus OT)

• Calculate a persons Total WagesHourly Rate Hours Worked1)$3.15 602)$10.20 403)$6.50 754)$9.65 53

Review

• Today we learned how to calculate a persons page check when given the hours worked and pay rate

Homework

• Worksheet