A
means the remuneration or earnings, however designated, capable of being expressed in terms of money, whether fixed or ascertained on a time, task, piece, or commission basis, which is payable by an employer to an employee under a written or unwritten contract of employment for work done or to be done, or for services rendered or to be rendered.
WAGE
It is the amount earned for each hour worked.
HOURLY WAGE
refers to a fixed regular wage, typically paid monthly, semi-monthly, or weekly especially for professional, managerial, or administrative positions.
SALARY
It is the income received in a week.
WEEKLY SALARY
It is the total amount of money a person earns in one year, usually from a fixed monthly salary.
ANNUAL SALARY
It is earned as a percentage of sales made.
COMMISSION INCOME
TRUE OR FALSE. Salary and wages are both forms of income but differ in how they are calculated and paid. Salary is usually monthly or fixed, while wages are often based on hours or days worked.
TRUE
TRU OR FALSE. Net income is what remains after all deductions have been taken from the gross income; it’s also known as “take home pay”.
TRUE
Maria works as a barista at a local coffee shop in Baguio. She works 8 hours a day, 5 days a week, and earns ₱60 per hour. How much does she earn in a week?
Php 2,400
James is a warehouse helper in Manila and is paid ₱70 per hour for regular hours. He worked 45 hours this week. Overtime (beyond 40 hours) is paid at 1.5 times the regular rate. What is his total weekly wage?
Php 3,325
Angela is a real estate agent in Cebu. She earns a base weekly salary of ₱2,000 and a 2% commission on total property sales. This week, she sold properties worth ₱500,000. What is her total weekly income?
Php12,000
Lito is a jeans sewer in a small factory in Taytay, Rizal. He is paid ₱25 per pair of jeans sewn. He completed 150 pairs this week. If he receives a ₱300 weekly allowance for transportation, how much is his total weekly income?
Php4,050
Paolo is a public-school teacher in Quezon City. His annual salary is ₱324,000. He is paid weekly. How much does Paolo earn per week, based on his annual salary?
Php 6,230.77
Mae works from home in Iloilo doing digital embroidery. She is paid ₱60 per item and gets a monthly internet allowance of ₱1,200. She finishes 50 items per week. What is Mae’s total weekly earnings, including allowance?
Php3,300
Liza works as a cashier in a sari-sari store in Iloilo and earns ₱500 per day. She works 6 days a week, and in one month, she worked 24 days. How much is Liza’s monthly wage?
Php12,000
Carla works as a salesclerk in a mall in Davao. She earns ₱65 per hour and worked 40 regular hours and 8 overtime hours this week. Overtime is paid at 1.25 times her regular rate. In addition, she earns a ₱1,000 monthly attendance bonus, and this week she also earned a ₱500 sales commission.
What is her total weekly income this week (include ¼ of the monthly bonus as weekly)?
Php4,000
Anna works in a factory and earns ₱550 per day. She worked 22 days this month. What is Anna’s gross income for the month?
Php12,100
Arnel is a car sales agent in Davao. He earns a base salary of ₱240,000 per year and gets a 2% commission on sales. This week, he sold cars worth ₱600,000. What is Arnel’s total weekly income this week?
Php16,615.38
Alyssa is a freelance insurance agent in Quezon City. She earns 10% commission on every policy she sells. In one month, she sold policies worth ₱500,000 in total. She also receives a monthly allowance of ₱5,000. What is Alyssa’s total monthly earnings?
Alyssa earns ₱55,000 for the month.
Rodel is a home-based seamer in Baguio City. He is paid ₱35 per face mask sewn. On average, he completes 80 masks per day. He works 25 days a month. He plans to save 40% of his income for buying a new sewing machine.
Questions:
a) What is Rodel’s monthly income?
b) How much does he save in a month?
a) Rodel’s monthly income is ₱70,000
b) He saves ₱28,000 monthly
Carla is a public high school teacher in Nueva Ecija. She earns an annual salary of ₱384,000. She budgets carefully each month and allocates 30% of her salary to savings. How much is Carla's monthly salary, and how much does she save each month?
Carla earns ₱32,000 per month and saves ₱9,600 monthly.
Jenny is a sales promoter at a local appliance store in Tagbilaran, Bohol. She earns a daily wage of ₱620, a monthly transportation allowance of ₱1,000, and a commission of 2% on total sales. In one month, she worked 26 days and made ₱80,000 in total sales. What is Jenny’s total monthly earnings?
Php18,720
Noel is a seasonal farm worker in Bukidnon and is paid ₱100 per kaing (basket) of mangoes harvested. He works 20 days a month, and on average, he harvests 12 kaings per day. He plans to spend only 70% of his monthly income and save the rest. How much is Noel’s monthly income, and how much does he save?
Php18,720
Bea is a customer service team lead in Makati with an annual salary of ₱480,000. She works 40 hours per week, but this week she worked 6 extra hours (paid 1.5 times). She also received a weekly team bonus of ₱1,000 and a sales commission of ₱3,000 for upselling services. What is Bea’s total weekly wage this week?
Php15,307.69
Lani is a nurse in a private hospital in Cebu City with an annual salary of ₱420,000. She works 40 hours per week, but this week, she worked 5 extra hours. Overtime is paid at 1.25 times her regular hourly rate. What is Lani’s total weekly pay this week, including overtime?
Php9,338.92