2.2 benefits and expenses notes

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2.2 Benefits and Expenses HW pg. 51 #1520 1 September 14, 2011 $150.00 gross pay; $40.50 taxes $93.75 gross pay; $25.31 taxes $80.00 gross pay; $21.60 taxes

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Page 1: 2.2 benefits and expenses notes

2.2 Benefits and Expenses

HW pg. 51 #15­20 1

September 14, 2011

$150.00 gross pay; $40.50 taxes

$93.75 gross pay; $25.31 taxes

$80.00 gross pay; $21.60 taxes

Page 2: 2.2 benefits and expenses notes

2.2 Benefits and Expenses

HW pg. 51 #15­20 2

September 14, 2011

Page 3: 2.2 benefits and expenses notes

2.2 Benefits and Expenses

HW pg. 51 #15­20 3

September 14, 2011

Objective: figuring job benefits and expenses

Agenda1. WU2. Check HW3. Notes4. Homework Warm Up

Simplify.1. $19,208 + $189 +2,417 + $25

2. $98,085 ­ $13,498

3. $12.88 x 36

Page 4: 2.2 benefits and expenses notes

2.2 Benefits and Expenses

HW pg. 51 #15­20 4

September 14, 2011

Benefitshealth/accident insurancelife insurancepensionspaid holidayssick leavevacation timecarcredit unionuniformsparkingdiscounts for purchasesdiscounts for recreational facilitieschild careeducationtraining

Page 5: 2.2 benefits and expenses notes

2.2 Benefits and Expenses

HW pg. 51 #15­20 5

September 14, 2011

Kirby is a manager with Durable Products. Last year he earned gross pay of $34,800 and these benefits: paid pension $2,784; health insurance $1,892; paid vacation, $1,338; paid holidays, $2,007; and free parking, $425. What total job benefits did Kirby receive last year?

Page 6: 2.2 benefits and expenses notes

2.2 Benefits and Expenses

HW pg. 51 #15­20 6

September 14, 2011

Job ExpensesUnion of professional duescommuting expensesuniformslicensestools

Page 7: 2.2 benefits and expenses notes

2.2 Benefits and Expenses

HW pg. 51 #15­20 7

September 14, 2011

Rita had total job benefits of $32,620. Her job expenses were $1,624 for commuting, $135 for a required license, $275 for professional dues, and $75 for the company birthday fund. Find her net benefits.

Net benefits = Total Benefits - Job Expenses

Page 8: 2.2 benefits and expenses notes

2.2 Benefits and Expenses

HW pg. 51 #15­20 8

September 14, 2011

Ian's job pays $33,750 in yearly wages and 26% of his wages in yearly benefits. He estimates that yearly job expenses are $2,354. Another job that he is looking at pays $32,590 in yearly wages and has estimated yearly benefits of 29% with job expenses of $2,080. Which job offers the greater net job benefits, and how much greater?

Page 9: 2.2 benefits and expenses notes

2.2 Benefits and Expenses

HW pg. 51 #15­20 9

September 14, 2011

HW: p 51 # 15 - 20