Republic of the Philippines

Laguna State Polytechnic University

Province of Laguna
ISO 9001:2015 Certified
Level I Institutionally Accredited

LSPU Self-Paced Learning Module (SLM)

Course Business Mathematics
Sem/AY First Semester/2020-2021
Module No. 8 - 10
Lesson Title Salary, Wage, Income and Benefits; Gross Net Income; Overtime Pay
Week
13 – 15
Duration
Date January 25 – February 12, 2021
• This module focuses on the concepts of salary, wage, income, and benefits. This
Description module also discusses salary with overtime pay, different benefits, and gross
of the income and net income. Furthermore, this module will illustrate problem-solving
Lesson involving the said concepts. This lesson will provide activities and worksheets
that will deepen the students’ understanding of the lesson.

Learning Outcomes
Intended Students should be able to meet the following intended learning outcomes:
Learning • Demonstrate understanding in the concept of salary, wage, and overtime pay.
Outcomes • Discuss different types of incentives and benefits.
• Demonstrate understanding in the concepts of gross income and net income.
Targets/ At the end of the lesson, students should be able to:
Objectives • Give examples of different salaries and wages.
• Calculate salaries and wages in varieties of real-life situations.
• Illustrate how to gross income and net income.

Student Learning Strategies

Online Activities A. Posting of Learning Materials in Online Platforms

(Synchronous/ Learning materials will be posted in the private facebook group and
google classroom. Modules, powerpoint presentation with a recorded
Asynchronous) explanation of the lessons, and/or a video are the learning materials to
be downloaded or accessed by the students. The learning materials will
be posted on January 25, 2021 9:00 AM.
(For further instructions, refer to your Google Classroom and/or
facebook group and see the schedule of activities for this module)

LSPU SELF-PACED LEARNING MODULE: BUSINESS MATHEMATICS

Prepared by: Hamimah S. Guinungco
 Republic of the Philippines
Laguna State Polytechnic University
Province of Laguna
ISO 9001:2015 Certified
Level I Institutionally Accredited
(For further instructions, refer to your Google Classroom and see the
schedule of activities for this module)

B. Learning Guide Questions:

1. How to calculate salaries and wages in varieties of real-life situations?
2. What are the examples of benefits?
3. How to obtain gross income and net income?

Note: The insight that you will post on online discussion forum using Learning Management
System (LMS) will receive additional scores in class participation.

Lecture Guide

Salary, Wage, Income and Benefits

Salary – the compensation usually quoted annually or monthly for an employee.
Salaries are fixed periodical payments made to persons doing or engaged in manual
work (white – collar jobs).
Wage – compensation quoted in an hourly or daily rate for an employee. Wages are
payments for manual work that are usually temporary or casual in nature (blue – collar
jobs).

Examples:
1. A tutor who is paid Php 150.00 per hour is earning a wage. How much does he
earn for 8-hour week work?
Offline Activities
(e-Learning/Self- Solution:
Php 150.00 × 8 hours = Php 1,200.00
Paced)
If he works for 8 hours a week, then he will be paid Php 1,200.00 for that week.

2. A university instructor is usually given a monthly salary. If his salary is Php

25,000 per month, how much does he get every week?
Solution:
Php 25,000.00 ÷ 4 weeks = Php 6,250.00
If he gets Php 25,000 per month as his salary, then he is paid Php 6,250.00 every
week.

3. A fast-food service crew is paid per hour. If he is paid an average wage of Php
53.45 per hour, how much will he get if he works for 8 hours and 5 days a week
for 4 weeks?

LSPU SELF-PACED LEARNING MODULE: BUSINESS MATHEMATICS

Prepared by: Hamimah S. Guinungco
 Republic of the Philippines
Laguna State Polytechnic University
Province of Laguna
ISO 9001:2015 Certified
Level I Institutionally Accredited

Solution:
Php 53.45 × 8 hours × 5 days × 4 weeks = Php 8552.00
If he works for 8 hours a day and 5 days a week for 4 weeks, then he earns a total of
Php 8552.00 for that month.

4. A minimum wage earner in Laguna is paid Php 403.00 for an 8-hour workday.
What is his hourly wage?
Solution:
Php 403.00 ÷ 8 hours ≈ Php 50.38
He is paid approximately Php 50.38 per hour.

5. An electrician earns a salary of Php 18,000.00 per month. Assuming that he

works 10 hours a day for a 18-day work month, how much does he get per day?
per hour?
Solution:
Php 18,000.00 ÷ 18 days = Php 1,000.00 per day
Php 1,000.00 ÷ 10 hours = Php 100.00 per hour
He is earning a wage of Php 1,000.00 per day and Php 100.00 per hour

6. An employee is paid a monthly salary of Php 16,000.00 for working 20 days in a

month. A jeepney driver earns Php 750.00 per day. Assuming work 8 hours a
day, who has a higher hourly wage?
Solution:
Employee
Php 16,000 ÷ 20 days = Php 800.00 per day
Php 800.00 ÷ 8 hours = Php 100.00 per hour
Jeepney Driver
Php 750.00 ÷ 8hours = Php 93.75 per hour

Therefore, the employee has a higher hourly wage than the jeepney driver

Straight time wages - rate per hour is calculated, so that if an employee is late, is absent
or is under timed, the corresponding amount is deducted from the salary at the end of
the month. No credit is given for arriving early or departing late.
Formula:
𝑺𝒂𝒍𝒂𝒓𝒚 = 𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒉𝒐𝒖𝒓𝒔 × 𝑹𝒂𝒕𝒆 𝒑𝒆𝒓 𝒉𝒐𝒖𝒓
Sample problem:
Angela’s time in for her Monday shift is 7:40 A.M. and her time out is 5:30 P.M. Her
official working hours is 7:30 AM to 12: 00 NN for morning shift and 1:00 PM – 5:00 PM.
If her hourly rate is Php 225.00, how much is her wage for this particular day?

LSPU SELF-PACED LEARNING MODULE: BUSINESS MATHEMATICS

Prepared by: Hamimah S. Guinungco
 Republic of the Philippines
Laguna State Polytechnic University
Province of Laguna
ISO 9001:2015 Certified
Level I Institutionally Accredited

Solution:
a) Calculate the credited working hours.
Morning shift: Angela’s credited hours: 7:40 AM – 12:00 NN
20 1
This could be breakdown as: 7:40 – 8:00 AM = 20 mins or 60 𝑜𝑟 3 ℎ𝑜𝑢𝑟
: 8:00 AM – 12:00 NN = 4 hours
Afternoon shift: Angela’s credited hours: 1:00 – 5:00 PM = 4 hours
Total hours = 𝑚𝑜𝑟𝑛𝑖𝑛𝑔 𝑠ℎ𝑖𝑓𝑡 + 𝑎𝑓𝑡𝑒𝑟𝑛𝑜𝑜𝑛 𝑠ℎ𝑖𝑓𝑡
1 1
Total hours = 3 + 4 + 4 = 8 3 ℎ𝑜𝑢𝑟𝑠

b) Compute the salary.

𝑺𝒂𝒍𝒂𝒓𝒚 = 𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒉𝒐𝒖𝒓𝒔 × 𝑹𝒂𝒕𝒆 𝒑𝒆𝒓 𝒉𝒐𝒖𝒓
1
𝑆𝑎𝑙𝑎𝑟𝑦 = 8 ℎ𝑜𝑢𝑟𝑠 × 𝑃ℎ𝑝 225.00 = 𝑃ℎ𝑝 1,875.00
3

Overtime wages - When an employee works overtime, he/she is given a “time and a
half”, that is, his/her rate is one- and one-half times higher than his/her usual rate
during regular hours. This is the common rate for overtime pay but most of the time it
varies base on the company policy.

Formula:
𝟏
𝑶𝒗𝒆𝒓𝒕𝒊𝒎𝒆 𝒑𝒂𝒚 = 𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒐𝒗𝒆𝒓𝒕𝒊𝒎𝒆 𝒉𝒐𝒖𝒓𝒔 × 𝑹𝒂𝒕𝒆 𝒑𝒆𝒓 𝒉𝒐𝒖𝒓 𝒙 𝟏
𝟐
𝑻𝒐𝒕𝒂𝒍 𝑷𝒂𝒚 = 𝑺𝒂𝒍𝒂𝒓𝒚 + 𝑶𝒗𝒆𝒓𝒕𝒊𝒎𝒆 𝒑𝒂𝒚

Sample problem:
David works as a supervisor in a Makati firm. She works from 8:30 a.m. – 5:30 p.m. with
an hour break for lunch. She works 6 days a week with a rate of P175.50 per hour.
Assuming he rendered two hours overtime daily for 2 weeks, how much was his
overtime pay? If he has no undertime, how much will he receive for 4 weeks?
Solution:
a) Number of working hours: 8:30 am – 5:30 pm = 9 hrs. = 9 hrs. – 1 hr. lunch break
= 8 working hours

b) Salary for 4 weeks = 𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 ℎ𝑜𝑢𝑟𝑠 × 𝑅𝑎𝑡𝑒 𝑝𝑒𝑟 ℎ𝑜𝑢𝑟 × 𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑑𝑎𝑦𝑠
Salary for 4 weeks = 8 ℎ𝑜𝑢𝑟𝑠 × 175.50 × (6 𝑑𝑎𝑦𝑠 × 4 𝑤𝑒𝑒𝑘𝑠) = 8 × 175.50 ×
24 = 33, 69

c) Number of overtime hours: 2 hrs. daily for 2 weeks = 2 hrs. x 6 days x 4 weeks =
48 hrs.

LSPU SELF-PACED LEARNING MODULE: BUSINESS MATHEMATICS

Prepared by: Hamimah S. Guinungco
 Republic of the Philippines
Laguna State Polytechnic University
Province of Laguna
ISO 9001:2015 Certified
Level I Institutionally Accredited

1
d) 𝑂𝑣𝑒𝑟𝑡𝑖𝑚𝑒 𝑝𝑎𝑦 = 𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑜𝑣𝑒𝑟𝑡𝑖𝑚𝑒 ℎ𝑜𝑢𝑟𝑠 × 𝑅𝑎𝑡𝑒 𝑝𝑒𝑟 ℎ𝑜𝑢𝑟 𝑥 1 2
1
𝑂𝑣𝑒𝑟𝑡𝑖𝑚𝑒 𝑝𝑎𝑦 = 48 ℎ𝑜𝑢𝑟𝑠 × (175.50 𝑥 1 ) = 48 × 263.25 = 12, 636.
2

e) 𝑇𝑜𝑡𝑎𝑙 𝑃𝑎𝑦 = 𝑆𝑎𝑙𝑎𝑟𝑦 + 𝑂𝑣𝑒𝑟𝑡𝑖𝑚𝑒 𝑝𝑎𝑦

f) 𝑇𝑜𝑡𝑎𝑙 𝑃𝑎𝑦 = 33, 696 + 12, 636 = 46, 332.

Piece-Rate Wages – workers are paid by the numbers of pieces a person can produce.
In some industries workers are given incentives so that they would be encouraged to
work faster and produce more.
Formula:
𝑷𝒊𝒆𝒄𝒆 − 𝒓𝒂𝒕𝒆 𝑾𝒂𝒈𝒆𝒔 = 𝑹𝒂𝒕𝒆 𝒑𝒆𝒓 𝒑𝒊𝒆𝒄𝒆 𝒙 𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇𝒑𝒊𝒆𝒄𝒆𝒔 𝒎𝒂𝒅𝒆
𝑨𝒎𝒐𝒖𝒏𝒕 𝒐𝒇 𝑰𝒏𝒄𝒆𝒏𝒕𝒊𝒗𝒆𝒔 = 𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒑𝒊𝒆𝒄𝒆𝒔 𝒐𝒗𝒆𝒓 𝒒𝒖𝒐𝒕𝒂 × 𝒓𝒂𝒕𝒆 𝒐𝒇 𝒊𝒏𝒄𝒆𝒏𝒕𝒊𝒗𝒆 𝒑𝒆𝒓 𝒑𝒊𝒆𝒄𝒆

To find the number of pieces over quota, subtract the total number of products
produced and the number of quotas.
𝑻𝒐𝒕𝒂𝒍 𝒑𝒂𝒚 = 𝑷𝒊𝒆𝒄𝒆 − 𝒓𝒂𝒕𝒆 𝒘𝒂𝒈𝒆𝒔 + 𝑨𝒎𝒐𝒖𝒏𝒕 𝒐𝒇 𝒊𝒏𝒄𝒆𝒏𝒕𝒊𝒗𝒆𝒔

Sample Problem:
Find the amount earned base on the table below.

Total
Items number Amount
Worker Rate/Piece Incentives
Produced of pieces earned
made
Php 35/pc over 30 45 a
1) Selena Shirts Php 70 ?
pcs/week week

Solution:
a) Compute for the piece-rate wages
𝑃𝑖𝑒𝑐𝑒 − 𝑟𝑎𝑡𝑒 𝑊𝑎𝑔𝑒𝑠 = 𝑅𝑎𝑡𝑒 𝑝𝑒𝑟 𝑝𝑖𝑒𝑐𝑒 𝑥 𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓𝑝𝑖𝑒𝑐𝑒𝑠 𝑚𝑎𝑑𝑒
𝑃𝑖𝑒𝑐𝑒 − 𝑟𝑎𝑡𝑒 𝑊𝑎𝑔𝑒𝑠 = 𝑃ℎ𝑝 70 × 45 = 𝑃ℎ𝑝 3, 150.00

b) Find the number of pieces over quota.

𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑝𝑖𝑒𝑐𝑒𝑠 𝑜𝑣𝑒𝑟 𝑞𝑢𝑜𝑡𝑎 = 𝑡𝑜𝑡𝑎𝑙 𝑜𝑓 𝑝𝑟𝑜𝑑𝑢𝑐𝑡𝑠 𝑝𝑟𝑜𝑑𝑢𝑐𝑒𝑑 − 𝑛𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑞𝑜𝑢𝑡𝑎
𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑝𝑖𝑒𝑐𝑒𝑠 𝑜𝑣𝑒𝑟 𝑞𝑢𝑜𝑡𝑎 = 45 𝑝𝑖𝑒𝑐𝑒𝑠 − 30 𝑝𝑖𝑒𝑐𝑒𝑠 = 15 𝑝𝑖𝑒𝑐𝑒𝑠

c) Calculate for the amount of incentives.

𝐴𝑚𝑜𝑢𝑛𝑡 𝑜𝑓 𝐼𝑛𝑐𝑒𝑛𝑡𝑖𝑣𝑒𝑠 = 𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑝𝑖𝑒𝑐𝑒𝑠 𝑜𝑣𝑒𝑟 𝑞𝑢𝑜𝑡𝑎 × 𝑟𝑎𝑡𝑒 𝑜𝑓 𝑖𝑛𝑐𝑒𝑛𝑡𝑖𝑣𝑒 𝑝𝑒𝑟 𝑝𝑖𝑒𝑐𝑒
𝐴𝑚𝑜𝑢𝑛𝑡 𝑜𝑓 𝐼𝑛𝑐𝑒𝑛𝑡𝑖𝑣𝑒𝑠 = 15 𝑝𝑐𝑠 × 𝑃ℎ𝑝 35 = 𝑃ℎ𝑝 525.00

LSPU SELF-PACED LEARNING MODULE: BUSINESS MATHEMATICS

Prepared by: Hamimah S. Guinungco
 Republic of the Philippines
Laguna State Polytechnic University
Province of Laguna
ISO 9001:2015 Certified
Level I Institutionally Accredited

d) Compute for the total payment Selena will receive after a week.
𝑇𝑜𝑡𝑎𝑙 𝑝𝑎𝑦 = 𝑃𝑖𝑒𝑐𝑒 − 𝑟𝑎𝑡𝑒 𝑤𝑎𝑔𝑒𝑠 + 𝐴𝑚𝑜𝑢𝑛𝑡 𝑜𝑓 𝑖𝑛𝑐𝑒𝑛𝑡𝑖𝑣𝑒𝑠
𝑇𝑜𝑡𝑎𝑙 𝑝𝑎𝑦 = 𝑃ℎ𝑝 3,150 + 𝑃ℎ𝑝 525 = 𝑃ℎ𝑝 3, 675.00

Income – the 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.

Benefit – employee compensation given by an employer on top of the basic salary/wage.

May come in the form of cash or in kind.
Examples:
1. Cash Benefits: 13th month pay, bonuses, rice subsidy, transportation allowance
2. Non-cash benefits: SSS/GSIS, Pag-ibig, PhilHealth

Gross Income – refers to the total amount he/she earned before deductions are made.
Other adjustments may be payment for loans, etc.
Examples:
1. A teacher who gets a basic monthly salary of Php 22,000.00 and a living
allowance of Php 1,500.00 per month has an annual gross income of:
(Php 22,000.00 × 12 months) + (Php 1,500.00 × 12 months)
= Php 282,000.00

2. A construction worker with basic salary of Php 12,500.00, living allowance of

Php 200.00 every week and a hazard pay of Php 2,000.00 per month has an
annual gross income of:
(Php 12,500.00 × 12 months) + (Php 200.00 × 52 weeks) + (Php 2,000.00 × 12 months)

= Php 184,400.00

3. A minimum wage owner in Laguna is paid Php 403.00 per day. If he works 20-
days a month, then he will have a monthly gross income of
Php 403.00 × 20 days = Php 8,060.00

LSPU SELF-PACED LEARNING MODULE: BUSINESS MATHEMATICS

Prepared by: Hamimah S. Guinungco
 Republic of the Philippines
Laguna State Polytechnic University
Province of Laguna
ISO 9001:2015 Certified
Level I Institutionally Accredited

Net Income – the difference between his/her gross income and deductions. Example of
deductions applicable are income tax, SSS or GSIS contributions, PhilHealth and Pag-ibig
contributions. The deductions can be a fixed amount or a percentage of the basic salary.
Examples:
1. A teacher who gets a basic monthly salary of Php 22,000.00 and a living
allowance of Php 1,500.00 per month has an annual gross income of Php
282,000. Suppose this teacher has to pay every year Php 20,000.00 for income
tax, Php 5,000.00 for PhilHealth, Php 1,500.00 for Pag-ibig and Php 9,000.00 for
GSIS contributions, then his annual net income is:

Php 282,000 − (Php 20,000.00 + Php 5,000.00 + Php 1,500.00 + Php 9,000.00)
= Php 246,500.00

2. A construction worker with basic salary of Php 12,500.00, living allowance of

Php 200.00 every week and a hazard pay of Php 2,000.00 per month has to
contribute Php 1,000.00 every two weeks on SSS and Php 1,200.00 every month
for PhilHealth contributions. Find his annual net income.

[(Php 12,500.00 × 12 months) + (Php 200.00 × 52 weeks)

+ (Php 2,000.00 × 12 months)] − [(Php 1,000.00 × 26)
+ (Php 1,200.00 × 12) = Php 134,400.00

3. A minimum wage owner in Laguna is paid Php 403.00 per day that works 20-
days a month is exempted from paying tax but is needed to pay 5% of his daily
wage daily for the SSS contributions. Compute for his monthly net income.

(Php 403.00 × 20 days) − (Php 403.00 × 20 days × 0.02) = Php 7,657.00

LSPU SELF-PACED LEARNING MODULE: BUSINESS MATHEMATICS

Prepared by: Hamimah S. Guinungco
 Republic of the Philippines
Laguna State Polytechnic University
Province of Laguna
ISO 9001:2015 Certified
Level I Institutionally Accredited

Engaging Activities

Instruction: Complete the table below. Show your complete solution.

Total
Items Amount
Worker Rate/Piece Incentives number of
Produced earned
pieces made
Php 15/pc over 50
Abby Plates Php 50 65 pcs/week ?
pcs a week
Php 20/pc over 5
Honey Vases Php 75 10 pcs/day ?
pcs a day
Php 45/pc if more
Michael Figurines Php 100 38 pcs/week ?
than 30 a week
Php 5/pc over 10
Mark Gloves Php 40 18 pcs/day ?
pcs a day
Php 70 bonus over 100
Angel Uniforms Php 150 ?
80 pcs a month pcs/month

Performance Tasks

Instruction: Solve the following problems. Show your complete solution.

1) Angela was promoted as supervisor with an hourly rate of Php 250.00. Her official working hours is 8:00
AM – 5:00 PM with 1 hour lunch break scheduled at 12:00 – 1:00 PM. Compute for her daily wage and her
total week worth of salary base on the table below.

Morning shift Afternoon shift Daily

Day Overtime
Time in Time out Time in Time out wage
Monday 7:30 12:15 12:55 5:15 6:00 – 7:00 PM ?
Tuesday 8:15 11:45 1: 20 5:00 None ?
Wednesday 7: 55 12:03 12:50 4:50 6:00 – 8:00 PM ?
Thursday 7:00 12:30 1:30 5:20 6:30 – 7:00 PM ?
Friday 7:15 12:10 12:55 5:05 6:30 – 8:30 PM ?
Total Salary for the Week ?

2) Lesley is an electrical engineer and hired as an activator of modem for internet connection. She is being
paid Php 800.00 a day and has an incentive of Php 200.00 over 5 houses accomplished. Her official working
hours is 8:00 AM – 5:00 PM with 1 hour lunch break scheduled at 12:00 – 1:00 PM. Compute for her daily
wage and her total week worth of salary base on the table below.

LSPU SELF-PACED LEARNING MODULE: BUSINESS MATHEMATICS

Prepared by: Hamimah S. Guinungco
 Republic of the Philippines
Laguna State Polytechnic University
Province of Laguna
ISO 9001:2015 Certified
Level I Institutionally Accredited

Morning shift Afternoon shift Number of

houses Daily
Day
Time in Time out Time in Time out accomplished a wage
day
Monday 7:00 12:05 12:55 5:30 8 houses ?
Tuesday 8:30 11:30 12:58 5: 10 6 houses ?
Wednesday 7: 30 12:10 1:30 4: 30 7 houses ?
Thursday 7:55 11: 45 12:50 5:40 9 houses ?
Friday 7:05 12:20 12: 49 5:15 7 houses ?
Total Salary for the Week ?

Understanding Directed Assessment

Directions: Solve the following problems. Show your complete solution.

Test A. Salary, Wag, Income and Benefits

1. A construction worker is being paid Php 475.00 a day. If he is working 6 days a week, what is he’s monthly
salary?

2. If a waiter is paid a minimum wage of Php 450.50 daily for 8-hours of work and additional Php 50.00 per
hour of his overtime, find his salary for the month if he works 10 hours a day for 5 days a week for 4
weeks.

3. A computer technician has a salary of Php 20,000.00 a month in a company he has worked on. If he is
working on Mondays, Tuesdays, and Fridays only for 8 hours, find his hourly wage.
Test B. Gross Income and Net Income
1. An engineer has a basic salary of Php 18,500.00, food allowance of Php 500.00 per week and
transportation allowance of Php 100.00 daily. Find his (a) monthly gross income (b) annual gross income.

2. If the engineer in question number 1 must pay for tax of 8% of his annual gross income, Php 2,500.00
monthly SSS and Php 4,000.00 semi-annually PhilHealth contributions, find his (a) annual net income (b)
monthly net income.

3. A salesman has an annual gross income of Php 265,900.00 works 8 hours a day, 6 days a week and 4
weeks a month with monthly transportation allowance of Php 1,500.00 and food allowance of Php
3000.00. Find (a) salary every month (b) wage everyday (c) wage every hour.

LSPU SELF-PACED LEARNING MODULE: BUSINESS MATHEMATICS

Prepared by: Hamimah S. Guinungco
 Republic of the Philippines
Laguna State Polytechnic University
Province of Laguna
ISO 9001:2015 Certified
Level I Institutionally Accredited

Learning Resources

• Department of Education. (2020). Most Essential Learning Competencies (MELC) –

Accountancy, Business and Management (ABM) Specialized Subject. Philippines.

• Rey, M., et al (2016). Teaching Guide for Senior High School – Business Mathematics.
Commission on Higher Education. Diliman, Quezon City, Philippines. Retrieved from
https://drive.google.com/file/d/0B869YF0KEHr7QWhsZzdkb3k5S2M/view?fbclid=IwA
R0Ba_1Xqjvp_iJbaYYXH_TDofIC9DjQMcaXeZea584H3Uf3gCOY-dZ3Nb4

• Sangalang, V. (2014). Salaries and Wages. Slideshare. Retrieved from

https://www.slideshare.net/vincentsangalang3/salaries-and-wages

LSPU SELF-PACED LEARNING MODULE: BUSINESS MATHEMATICS

Prepared by: Hamimah S. Guinungco