Wages
Tom works for $15/hr for a 40 hour week.
$600
Most employees earn this amount for overtime hours.
Time-and-a-half
Bob gets 4% commission. He sells $30000. How much does he earn?
$1200
Fred makes $36000 in a year. What is his monthly gross income?
$3000
What is net income?
Gross income - deductions
Steve works 30 hours in week one, 40 hours in week two, 35 hours in week three and 32 hours in week four. If he is paid $20/hr, how much does he earn for the month?
$2740
If Jen gets time-and-a half for hours over 40, how much would she earn in a week where she works 45hours and is paid $25/hr?
$1031.50
Jeff gets 2.5% commission and sells $35000 in a month. What is his annual earnings?
$10500
Barb earns $52000 annual salary. How much does she make each week?
$1000
What does CPP and EI stand for?
Canada Pension Plan
Employment Insurance
Barb works 40 hours weeks and makes $18/hr. How much would she earn in a year?
$37440
If Tom gets $160 for 5 hours of overtime, what was his hourly wage for this overtime?
$32/hr
Beth earns 4% and has $12000 in sales. Connor earns 3% and sells $16500 of goods. Who earns more and by how much?
Connor, $15
Sarah makes $86000 yearly salary. How much does she earn in a day if she works only 250 days in the year?
$344
If Larry has $102 in deductions and has a gross income of $568 in a week, what is his net income?
$466
Helen earns $29120 in a year. She works 35 hours a week. What is her hourly wage?
$16
Heather earns $14/hr and gets a shift premium of $2 for working Saturday or Sunday. If she works 40 hours, including an 8 hour shift on Saturday, what is her gross income for the week?
$576
Kerry gets 2% on the first $10000 he sells and then 5% on anything above this. If he sells $15000, how much does he earn?
$450
Keith earns $92000 annual salary. If he works 40 hours a week for 50 weeks, what would his hourly wage be?
$46
If Chris earns $600 in a week and CPP is 5%, EI is 2% and income tax is 20%, what is his net income?
$438
Sean has the choice between two jobs. Job A, he will earn $2500 in a month and Job B he will earn $1250 biweekly. Which job makes more and why?
Job B (explanation may vary.)
Ken wants to earn $1000 in a week. He gets paid time and a half for hours worked above 40 hours. If he earns $22/hour, how many overtime hours must he work? (Answer to the nearest hour.)
4 hours
Val earns $10/hr and works 30 hours a week plus gets a 2% commission on sales of $5000. What is her weekly gross income?
$400
Matt wants to earn an annual salary of $64000 and work only 30 hours a week. What hourly wage would allow for this?
$41.02
Nellie earns $4500 in a month and pays 4.95% to CPP? What is her CPP deduction?
$222.75