BC Learning Network – AW Math 10 Unit 2 – Income Instructions: Using a pencil, complete the following questions as you work through the related lessons. Show ALL work as it is explained in the lessons. Do your best and ask your teacher if you do not understand any question. Lesson 1 Salary, Hourly and Overtime Wages 1. Calculate the gross pay for each of the following: a) 15 hrs at $8.50 per hour c) 45 hrs at $9.25 per hour b) 25 hrs at $9 per hour d) 35 hrs at $15 per hour 2. Jenna works part time at the grocery store. She works 15 hours per week and is paid $559.20 per month. What is she paid per hour. (There are exactly 4 weeks in 1 month) 3. Calculate the overtime rate given the regular hourly wage: a) time and a half – regular rate $13 b) double time – regular rate $ 9.50 BCLN Revision – Jan, 2014 1 BC Learning Network – AW Math 10 4. Find the regular rate if the overtime rate of time and a half is: a) $15 /hour b) $24 / hour c) $13.20 d) $14.25 5. Sylvia’s time card is shown below. What are her total regular and overtime hours? Answer in hours and minutes. Regular Hours: Sylvia Grant Regular h m Overtime h m 1 30 1 17 Sunday Monday 8 Tuesday 7 25 Wednesday 5 45 Thursday 8 Friday 6 20 Saturday Overtime Hours: BCLN Revision – Jan, 2014 2 BC Learning Network – AW Math 10 6. Calculate the total number of hours and minutes Moira worked the week of June 15. Name: Moira Week: June 15 Day Hours Monday 5.3 Tuesday 4.0 Wednesday 6.7 Thursday 4.75 7. Larry is paid 48 dollars an hour for overtime. If he is paid time and a half for overtime what is his regular wage? 8. Sylvia's time card is shown below. What are her total regular hours? What are her total overtime hours? Answer in hours and minutes. BCLN Revision – Jan, 2014 3 BC Learning Network – AW Math 10 9. Hannah typically works split shifts. Fill in the missing numbers on her timesheet. She is paid overtime for hours over 40 hrs/week. Show all of your work. 10. BCLN Revision – Jan, 2014 4 BC Learning Network – AW Math 10 10. David typically works split shifts. He receives overtime for hours over 40 / week. Fill in his time chart. Show all work below. BCLN Revision – Jan, 2014 5 BC Learning Network – AW Math 10 11. A first year Master Chef was hired in Whitehorse, Yukon at an annual salary of $52, 000. What would her gross pay each pay cheque be if she were paid: a) Weekly c) Semi-monthly b) Biweekly d) Monthly 12. Don typically works 30 hours per week and earns $13.25 per hour. He is scheduled for a 3% pay increase next month. What will be Don’s new hourly rate? 13. Erica earns $11.00 per hour and works a 40-hour workweek. She is paid time and a half for every hour worked over 40 hours during a week. Erica earned $605.00 last week. How many overtime hours did she work? BCLN Revision – Jan, 2014 6 BC Learning Network – AW Math 10 Lesson 2 Alternative Methods of Compensation 14. A waiter earns 8.75 per hour and works 36 hours per week and works 5 days per week. If he makes an average of $80 per shift in tips, what is his gross weekly wage? 15. A waiter earns $13.65 per hour and must give 10% of his tips to the kitchen staff. He worked 8 hours last Friday and made $213 in tips. What was his gross pay for the shift? 16. A salesperson at a furniture store earns $9.50 per hour and receives a 1% commission on all sales. Determine the gross earnings of the salesperson who worked 40 hours one week with sales of $7000. 17. Ralph sells furniture. He receives a salary of $550 plus a 5.5% commission on his daily sales. He works 5 days a week. Calculate his earnings for each week and the month. Week 1 $ 9 450 Week 2 $ 11 750 Week 3 $ 16 100 Week 4 $ 15 450 BCLN Revision – Jan, 2014 7 BC Learning Network – AW Math 10 18. Donna sells cosmetics; her employer pays her a different commission rate on each product. Find her total commission on the following sales. Product Shampoo Hair Spray Razor Blades Shaving Foam Shower Gel Number sold 3 4 2 5 3 Price per Commission Unit Rate $ 7.28 39% $ 8.24 41% $6.99 40% $5.25 15% $ 4.09 39% 19. Mary sells furniture at a local store. She receives a graduated commission as shown in the table. Mary’s sales for the past month totaled $9840. What was her commission for the month? Commission rate Level of sales 4% First $1000 6% Next $2000 8% Over $3000 BCLN Revision – Jan, 2014 8 BC Learning Network – AW Math 10 20. Camille earns 8.5% on all sales. If she sold $19 500 worth of goods for the week, what would her weekly earnings be? 21. Mike sells computer products and earns $532.40 per week or 9½% commission on his total weekly sales, whichever is greater. Given his sales were $5601.28, calculate Mike’s gross pay for the week. 22. Bob is hired by Company A and is given an annual salary of $35 000 with a 10% raise after 1 year. Sam is hired by Company B and is paid $3842.42 per month with a 5% raise after 1 year. Determine the difference of salary after 1 year. BCLN Revision – Jan, 2014 9 BC Learning Network – AW Math 10 23. A building contractor bids $10 500 on a basement renovation project. He estimates the following costs: o supplies: $1500 o concrete re-work: $3500 o 4 laborers: $13/hr He estimates it will take 35 hours to complete the job. What would the building contractors wage per hour be? 24. A building contractor bids $10,500 on a basement renovation project. He estimates the following costs: supplies: $1500 concrete re-work: $3500 4 laborers: $13/hr He estimates it will take 35 hours to complete the job. What would the building contractor's wage per hour be? BCLN Revision – Jan, 2014 10 BC Learning Network – AW Math 10 25. You are being hired for a new job but the employer is given you a choice of two methods of payment. Method 1: a wage of $24 per hour for the first 140 hours $26 per hour for more than 140 hours Method 2: 5% commission on monthly sales up to $40 000 10% commission on sales greater than $40 000 You worked 167 hours last month and had total sales of $63 000. Identify which method would pay you the most and what your income would be. Lesson 3 Pay Statements and Calculating Gross and Net Pay 26. Determine the total tax deductions (Federal and Provincial) for an employee whose weekly gross pay is $367.52. Use claim code 1. (Use the AW data sheet available on the front page.) 27. An employee has a weekly income of $358.94 and is assigned claim code 1. Calculate her total deductions and taxes. (In your work, list all the deductions, Federal and Provincial income tax, EI Premiums and CPP and how much) BCLN Revision – Jan, 2014 11 BC Learning Network – AW Math 10 28. Hugh works in a Fish Packing Plant at Rock Bay in British Columbia. He works 30 hours per week 40 weeks a year and earns $12.08 per hour. Use claim code 2. a) Find his weekly gross salary. b) Find his weekly net pay. (deduct Federal, Provincial Income tax, CPP, EI premiums) c) Calculate his yearly net pay. d) Calculate the percent of his gross income that is deducted each year. BCLN Revision – Jan, 2014 12 BC Learning Network – AW Math 10 Answers: 1. a) $127.50 b) $225 c) $416.25 d) $525 2. $ 9.32/hr 3. a) $19.50 b) $19.00 4. a) $10 b) $16 c) $8.80 d) $9.50 5. a) 35 hr 30 min b) 2 hr 47 min 6. 23 hours 45 minutes 7. $32 8. Regular: 35 hours 30 minutes Overtime: 3 hours 22 minutes 9. Total regular hours - $600 Total overtime $112.50 Total Pay - $712.50 10. Total regular hours - $400 Total overtime $90 Total Pay - $490 11. a) $1000 / wk b) $2000/ 2 weeks c) $2166.67 / twice a month d) 4333.33 / month 12. $13.65 13. 10 hours 14. $715 15. $300.90 16. $450 17. 1069.75, 1196.25, 1435.5, 1399.75, Monthly 5101.25 18. 36.15 19. $707.20 20. $1657.50 21. $532.30 22. $9914.49 23. $105.14/hr 24. Method 2 - $4300 25. $105.14 / hour 26. $22.10 27. $40.30 28. a) $362.40 b) $324.87 c) $12994.80 d) 10.4% BCLN Revision – Jan, 2014 13
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