Income
$1,305
What is Joseph’s Mayers Gross Pay?
$57.35
What is John Mayor’s contribution to CPP during this time period?
Gross Pay
The amount of money an employee receives for their work for a specific time period e.g., per hour, per week, per month.
Joseph is looking for a minimum wage, entry-level job. What jobs could he apply for?
As a cashier, at the grocery store, in retail, at fast food, at the movies, as a server/host at a restaurant.
2 Weeks
(January 12 to January 25)
What is the pay period (time worked) for this pay stub?
$252.19
What was Joseph Mayor’s total deductions paid during this pay period?
Net Pay
the amount of money an employee receives after deductions are taken from their gross pay
Joseph works as a ______ and is paid $17.50/hour. With the help of his schedule, what is Joseph's gross pay after this period?
Wed 5-8 pm Thurs 5-8 pm Fri 3-8 pm Sat 3-8 pm
Tues 5-8 pm Fri 3-8 pm Sat 3-8 pm Mon (statutory holiday: time-and-a-half) 2:30-6 pm
What is the gross pay of $599.38?
Solution: $17.50 x 29 hours + (($17.50 x 1.5) x 3.5)
$26,320.35
What is John Mayor’s net pay Year to Date?
What percent of John Mayor’s gross pay goes towards income tax?
13%
Solution: ($170.31 / $1305) x 100)
Withholdings
Is the tax deduction paid to the government by the employer on behalf of the employee .
Is a portion of an employees wage not included in their pay cheque.
If Joseph took 1 shift off at 4 hours (duration of shift), what would his gross pay for this pay period be?
$1235.4 would be JM's gross pay for this pay period.