Republic of the Philippines

Department of Education
REGION VII – CENTRAL VISAYAS
Schools Division of Cebu Province
SIBONGA NATIONAL HIGH SCHOOL
Sibonga, Cebu
S. Y. 2020-2021

SELF LEARNING HOME TASK (SLHT)

Subject: Business Mathematics Grade Level: __11 Quarter: __2__ Week: ___3_

MELC: a. define salary, wage, income, benefits;

b. compute gross and net earnings.
Competency Code: ABM _ BM11BS-IIc -1 and IId - 2
Name: __________________________ Section: ____________ Date : _____________
School: ______________________________ ______District: ___________________

A. Reading/ Discussions:

Receiving a paycheck can be the highlight of a person’s life. Your income, the money you
earn on a job, may be determined in one of several ways. Your income may be computed based
on the number of hours you work, the number of items you produce, a fixed annual salary, or a
specified amount of money you are paid for selling a product or a percent of the selling price .
Employee compensation refers to the renumeration given an employee in exchange of his/
her services. This is the legal and moral obligation of any business.

Vocabulary:
Biweekly An employee is paid every other week (26 pay periods per year).
Double Overtime Twice the hourly rate, typically paid on holidays or weekend work.
Employee A person who works for others for compensation.
Employer A person or company that hires employees.
Gross Pay The amount of money earned during a pay period before
deductions
Hourly Pay The employee receives an hourly wage for hours worked.
Minimum Wage The lowest pay rate allowed by law for each hour of work.
Monthly An employee is paid once per month (12 pay periods per year).
Pay Period A length of time for which an employee’s wages are calculated.
May be weekly, bi-weekly, semi-monthly, monthly.

Per Diem Per Day.

Piecework An employee is paid by each usable piece produced.
Regular Overtime Time and ½ hourly rate for all hours worked over regular working
hours.
Salary A set amount of money an employee receives each pay period
regardless of the hours worked.
Semimonthly An employee is paid twice per month (24 pay periods per year).
Weekly An employee is paid once per week (52 pay periods per year).

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 Salaries and Wages

Salary is the compensation usually agreed and fixed annual amount of money the employee
receives regardless of the hours worked.
Wages a compensation received by a worker on a piece rate, hourly rate or daily rate.

Piece Rate
A worker employed on a “piecework” basis is paid in proportion to the quantity of work he or she
finishes. The rate used can be fixed irrespective of the quantity produced, in which case it is called
a fixed piece – rate plan. On the other hand, it can be graduated, increasing as the quantity produced
increases, in which it is called differential piece – work plan.
Salary earners usually get paid every 15 days (bi-monthly) or monthly while wage earners
usually get paid either weekly or sometimes even monthly, at their employer’s convenience. Salary
earners are not paid less if they work for only a fraction of the required number of hours and they
are also not paid for working overtime while wage earners are under the “no work, no pay policy”
which means they are only paid the actual number of hours or days that they worked

Conversion of annual Salary

𝐴𝑛𝑛𝑢𝑎𝑙 𝑆𝑎𝑙𝑎𝑟𝑦 𝐴𝑛𝑛𝑢𝑎𝑙 𝑆𝑎𝑙𝑎𝑟𝑦

1. Monthly Salary = 12 𝑚𝑜𝑛𝑡ℎ𝑠 3. Weekly Salary =
52 𝑤𝑒𝑒𝑘𝑠

𝐴𝑛𝑛𝑢𝑎𝑙 𝑆𝑎𝑙𝑎𝑟𝑦 𝐴𝑛𝑛𝑢𝑎𝑙 𝑆𝑎𝑙𝑎𝑟𝑦

2. Semi – monthly Salary = 4. Bi – weekly Salary =
24 26

To convert monthly salary into hourly rate, we first determine the number of regular hours in a
workweek. Some companies have 40 – hour workweek while others have 48 – hour workweek.
𝑊𝑒𝑒𝑘𝑙𝑦 𝑟𝑎𝑡𝑒 𝑊𝑒𝑒𝑘𝑙𝑦 𝑟𝑎𝑡𝑒
Hourly Rate = or Hourly Rate =
40 48
Examples:

a. A tutor who is paid PhP200 per hour is earning a wage. How much does he earn for a 10-
hour week work?
Given: Php 200.00 per hour
Number of hours work/week = 10 hours
Solution:
Gross Income/ Week = Amount Paid per hour x Number of hours work
= Php 200.00 x 10
= Php 2,000.00
Thus, the tutor has a gross earning of Php 2,000.00 for 10 hour week work.

b. A university assistant professor is usually given a monthly salary. If his salary is

PhP40,000 per month, how much does he get every two weeks?

Given: Monthly salary – Php 40,000.00

Solution:
𝐴𝑛𝑛𝑢𝑎𝑙 𝑆𝑎𝑙𝑎𝑟𝑦 𝑃ℎ𝑝 40,000.00 𝑥 12 𝑃ℎ𝑝 40,000.00 𝑥 6 𝑃ℎ𝑝 240,000.00
Bi- Weekly salary = = = =
52 𝑤𝑒𝑒𝑘𝑠 26 13 13

= Php 18,461.54

Thus, the assistant professor receives P18,461.54 every two weeks.

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 c. A fast-food service crew is paid per hour. If he is paid an average wage of PhP77.43 per
hour, how much will he get if he works for 6 hours and 6 days a week for 4 weeks?

Given: Php 77.43 per hour

6 hours work in 6 days in 4 weeks
Solution:
Gross Earning = Hourly rate x number of hours in a day x number of days in a week x
number of weeks
= Php 77.43 x 6 hours x 6 days x 4 weeks
= Php 11,149.92
Thus, the food service crew has a gross earning of Php 11,149.92 in 4 weeks work.

d. A minimum wage earner in Metro Manila is paid PhP481 for an 8-hour workday. What is
his hourly wage?

Given: Php 481.00 8 – hour workday

Solution:
𝑑𝑎𝑖𝑙𝑦 𝑟𝑎𝑡𝑒 𝑃ℎ𝑝 481.00
Hourly rate = = = 𝑃ℎ𝑝 60.13
8 ℎ𝑜𝑢𝑟𝑠 8

Thus, a minimum wage earner in Metro Manila receives an hourly rate of Php 60.13

e. A clerk earns a salary of PhP20,000 per month. Assuming that he works 8 hours a day for
a 20-day work month, how much does he get per day? Per hour?

Given: Php 20,000.00 monthly salary

20 – day work month
Solution:
𝑚𝑜𝑛𝑡ℎ𝑙𝑦 𝑠𝑎𝑙𝑎𝑟𝑦 𝑃ℎ𝑝 20,000.00
Daily Rate = = = Php1,000.00
𝑛𝑢𝑚𝑏𝑒𝑟 𝑜𝑓𝑤𝑜𝑟𝑘𝑑𝑎𝑦𝑠 20 𝑑𝑎𝑦𝑠

𝑑𝑎𝑖𝑙𝑦 𝑟𝑎𝑡𝑒 𝑃ℎ𝑝 1,000.00

Hourly rate = = = 𝑃ℎ𝑝 125.00
8 ℎ𝑜𝑢𝑟𝑠 8

Thus, the clerk earns a P1,000.00 a day and Php 125.00 an hour in a 20 – day work/month

Income and Benefits

Income is money that an individual receives in exchange for providing a good/service or

through investing capital.

Some sources of income:

1. Farmers, fishermen and vendors earn income by providing goods such as crops, fish
and vegetables, respectively.
2. Individuals may earn income by investing their capital in stocks, mutual funds or bank
deposits.

Benefits an employee compensation given by an employer other than basic salary/wage. It

includes vacation and sick leaves, medical and hospitalization benefits, meal allowance,
transportation allowance, etc., and incentive pay for productivity such as commission,
overrides, bonuses and profit – sharing.
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Examples:
1. Janine is a stockholder of the Wisdom Corporation. For the current year, the corporation
declared a 10 % cash dividend to stockholders. Janine owns 1,000 shares of the
company’s Php 10.00 par value shares. How much income receives by Janine?

Given: 1000 shares

Par Value -Php 10.00
Dividend rate – 10 %
Solution:
Income = No. of shares x Par Value x Dividend rate = 1000 x Php 10.00 x 10 %
= 1000 x Php 10.00 x 0.1 = Php 1,000.00
Thus, Janine’s income in her 1000 shares is Php 1,000.00

2. John Abram is an author and his book sold 2,500 copies for the first semester. His book
sells at Php 375.00 per copy. He receives 22 % royalty from his publisher. How much
royalty income gets by John Abram?

Given: Php 375.00 per copy

No. of copies sold – 2,500
Royalty rate - 22 %
Solution:
Royalty Income = No. of copies sold x amount per copy x royalty rate
= 2,500 x Php 375.00 x 22 % = 2,500 x Php 375.00 x 0.22
= Php 206,250.00

Thus, John Abram receives Royalty income of Php 206,250.00.

B. Exercises:

Directions: Solve each word problems involving wages and salaries. Show your solutions
in a separate sheet of long – sized bond paper.

Example:
Debbie runs a carpet-cleaning service. She charges Php55.90 per room. Last week she
cleaned three rooms in one house, two in another house, and four in a third house. What
was her total pay?

Given: Charged per room – P55.90

Number of rooms – 9
Solution:
Gross Earning = Charged per room x No. of rooms= P55.90 x 9 = Php 503.10
Thus, Debbie earns P503.10 of the three houses.

1. Maria's job pays her Php15,000.00 a month. What is her gross weekly earning?

2. Manual is a word-processor operator. He makes Php 11.50 an hour. Determine his gross
earnings for a week if he worked 52 hours.

3. Nadine works 3 days per week, for 8 hours per day. She earns Php15.70 an hour. How
much will she earn for a week of work?

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 4. Justin earns Php12.25 per hour.
a. How much will he earn for 8 hours work?
b. For how many hours must Justin work to earn over Php 800.00?

5. Emma is a sales clerk at a bicycle shop. She is paid Php 8.25 per hour for 30 hours work
week plus a commission of 8% of sales. In one week, her sales were Php 2,319.75, what
is her gross weekly earning?

C. Assessment/Application/Outputs (Please refer to DepEd Order No. 31, s. 2020)

Directions: Solve each word problems involving salaries and wages. Show your
solutions in a separate sheet of long - sized bond paper.

Example:
Emma is a sales clerk at a bicycle shop. She is paid Php10.25 per hour for 30 hours
work week plus a commission of 8% of sales. In one week, her sales were Php12,319.75, what
is her gross weekly earning?

Given: Hourly rate – Php10.25

No. of hours workweek – 30 hours
Commission rate – 8%
Total Sales of the week – Php12,319.75
Solution:
Gross Weekly Earning = Hourly rate x No. of hours workweek+ (Total Sales x rate)
= Php10.25 x 30 + (Php12,319.75) (8 %)
= Php 307.50 + (Php12,319.75) (0.08)
= Php 307.50 + Php 985.58
= Php 1,293.08
Thus, Emma has a gross weekly earning of Php 1,293.08.

1. Jolene gets paid 17 cents a tree for tree planting up north. In one week, she planted 2437
trees. What is her wage?

2. Robin is a waiter at a restaurant and is paid Php12.50 per hour. Last week he worked the
following hours:
Tuesday 5.00 p.m.–10.00 p.m.
Wednesday 6.00 p.m.–10.30 p.m.
Friday 5.30 p.m.–11.00 p.m.
Saturday 5.00 p.m.–12.00 midnight
Calculate Robin’s total pay of the week.

3. Jack earns $2625 per month. Jill earns $571.75 a week. Who earns more per year, and
by how much?

4. Megan was offered two jobs: one that earned Php 14,600.00 monthly and another that
earned Php 6,200 bi- weekly. Which job pays more?

5. Kristine earns Php13.10 per hour and receives Php 884.25 each bi - weekly.
a. How many hours does she work bi - weekly?
b. If she works 9 days bi - weekly, how many hours does she work each day?

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 D. Suggested Enrichment/Reinforcement Activity/ies:

Directions: Solve each word problems involving income. Show your solutions in a separate
sheet of long - sized bond paper.

1. Linda is employed to repack and seal paper. She is paid on the following differential pay
plan schedule:
Quantity Rate Per 100 Packs
Less than 100 Php 100.00
100 – 149 Php 105.00
150 – 199 Php 107.50
200 or more Php 110.00
For the week, Linda repacked the following quantities:
Monday – 95 Thursday – 152
Tuesday –102 Friday – 201
Wednesday – 152
Compute for the total weekly wage of Linda.

2. A seamstress is paid 150.50 for every pair of pants made. How many pants would have
to be made to receive Php1,525 a week?

3. Norman Castro is an author and his book sold 1,200 copies for the second semester. His
book sells at Php 565.75 per copy. He receives Php 122,202 royalty from his publisher.
What is the royalty rate?

References:
https://www.coursehero.com/file/38701816/BUSMATH-1004-SALARIES-AND-WAGES-HAND-
OUTSdocx/

https://web2.hunterspth.schools.nsw.edu.au/studentshared/MATHEMATICS/Year%2011/General
%20Mathematics/Year%2011%20General%20Worksheets/Earning%20Money%20and%20taxatio
n/Wages%20and%20salaries.pdf

Business Mathematics by Norma D. Lopez – Mariano, PhD. pp. 182 - 202

Prepared by:

NESTOR C. LOGRONIO
Master Teacher I - Math

Edited by:
IMELDA V. CANOY, ED .D
School Principal IV

Reviewed by:
CLAVEL D. SALINAS, ED. D.
SHS Division Coordinator

For the Teacher

For the Learner
For the Parent/Home Tutor
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