EARNING REVIEW

TERMS

100

EI 

Employment Insurance

200

CPP

Canada Pension Plan

300

What does the government use Income tax for?

paid for government programs; schools, transportation, military, hospitals

400

What are the 3 mandatory deductions from your pay cheque?

EI, CPP, Income tax

500

What are 2 other deductions you might have from your pay cheque? 

Union dues, Health/dental plan, Life insurance,uniform fees, etc

SYMBOLS

100

+

addition

200

-

subtraction

300

2/3

division

400

x

multiplication

500

%

divide by 100

GETTING PAID

100

You get paid $20/hr and you work 5 hours

100

200

You work 45 hours and you make overtime after 5 hours.  How many hours of overtime do they have to pay you for?

5

300

You work 45 hours for the week and you make $20 per hour. How much money did you make that money. (You get paid overtime for any hours over 40 hours worked in one week)

40 x 20 = $800 (regular pay)

5 x 30 = $150 (overtime pay)

$950 total pay

400

You made $210 planting trees. You get paid $1.50 per tree. How many trees did you plant?

210/1.50 = 140 trees were planted

500

You are paid 5% on sales up to $5000 and 7% on any sales over $5000. If you sold $8000 how much commission are you paid. 

5% of 5000 = $250

7% of 3000 = $210

total pay     = $460

PAY PERIODS

100

How many pay periods are there in a year if you are paid weekly?

52

200

How many pay periods are there in a year if you are paid biweekly?

26

300

How many pay periods are there in a year if you are paid semi-monthly?

24

400

If you are paid weekly and your annual salary is $26000. How much do you get paid per week?

$500

500

If you are paid $2000 per month, how much do you make per year?

24

FUN PROBLEM SOLVING

100

A plane crashes on the border of the U.S. and Canada. Where do they bury the survivors?

You do not bury the SURVIVORS!

200

I do not have any special powers, but I can predict the score of any football game before it begins. How can I do this?

Well, the score before any football game is always zero to zero!

300

Imagine that you are in a boat, in the middle of the sea. Suddenly, you are surrounded by hungry sharks, just waiting to feed on you. How can you put an end to this?

Stop imagining!

400

Before Mt. Everest was discovered, what was the highest mountain in the world?

Mt. Everest. It was still the highest in the world. It just had not been discovered yet!

500

First, I threw away the outside and cooked the inside. Then I ate the outside and threw away the inside. What did I eat?

Corn on the cob