WAGES
Do you have a
job?
How are you
paid- per hour, per day, for each task?
Discuss 1
and 2 with your class and teacher.
Which jobs are
well paid and which jobs are badly paid? Why?
Minimum wage
In 2004
minimum hourly wage for 16-17 year olds was ₤3
for 18-21
year olds was ₤3.80
for over 21
year olds was ₤4.85
Work out how
much you earn if you work for
WAGES – OVERTIME
Overtime is
money paid for working more than agreed number of hours each week. Overtime is
often paid at a different rate such as ‘time and a half’ or ‘double time’ (for
example, evening work is often paid at ‘time and a half’ and weekend work is
often ‘double time’)
Note.
The average UK
salary (in 2004) was ₤24,600
= ₤12.81 per hour (based
on a 48 week year and a 40
hour week).
EXAMPLE:
Jess the mechanic is paid ₤8 per hour and overtime at ‘time and a half’. One week,
Jess works for 40
hours plus 5
hours overtime. How much will Jess earn that week?
pay for 40 hours is 40 × ₤8 = ₤320
(‘time and a half ‘pay rate = ₤8
× 1.5 = ₤12)
Pay for
5 hours overtime
= 5 ×
₤12 = ₤60
Total
pay = ₤320 + ₤60 = ₤380
lesson 27
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