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    Business Mathematics Worksheet Week 3

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    300980 Pitombayog NHS
    This document contains a worksheet on salary, wage, income and benefits for a senior high school business mathematics class. It includes vocabulary questions to identify concepts like wage, salary and income. It also includes calculation questions to determine earnings for various workers over different time periods like monthly, annually or half-yearly based on their salary, wage and additional benefits. Finally, it asks students to calculate gross and net income for employees from their basic salary and other earnings while accounting for standard deductions.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Business Mathematics Worksheet Week 3

    Uploaded by

    300980 Pitombayog NHS
    181 views4 pages
    This document contains a worksheet on salary, wage, income and benefits for a senior high school business mathematics class. It includes vocabulary questions to identify concepts like wage, salary and income. It also includes calculation questions to determine earnings for various workers over different time periods like monthly, annually or half-yearly based on their salary, wage and additional benefits. Finally, it asks students to calculate gross and net income for employees from their basic salary and other earnings while accounting for standard deductions.

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    Worksheet for Business Math Week 3

    Original Title

    Business-mathematics-Worksheet-Week-3

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    This document contains a worksheet on salary, wage, income and benefits for a senior high school business mathematics class. It includes vocabulary questions to identify concepts like wage, salary and income. It also includes calculation questions to determine earnings for various workers over different time periods like monthly, annually or half-yearly based on their salary, wage and additional benefits. Finally, it asks students to calculate gross and net income for employees from their basic salary and other earnings while accounting for standard deductions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    181 views4 pages

    Business Mathematics Worksheet Week 3

    Uploaded by

    300980 Pitombayog NHS
    This document contains a worksheet on salary, wage, income and benefits for a senior high school business mathematics class. It includes vocabulary questions to identify concepts like wage, salary and income. It also includes calculation questions to determine earnings for various workers over different time periods like monthly, annually or half-yearly based on their salary, wage and additional benefits. Finally, it asks students to calculate gross and net income for employees from their basic salary and other earnings while accounting for standard deductions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Worksheets in Business Mathematics (Senior High School)

    Name: Score:

    Grade & Strand: Week/Inclusive Dates:

    Teacher: School:

    Salary, Wage, Income and Benefits

    I. Vocabulary and Concepts. Identify the concept/ idea being described


    in each item.

    1.
    1. It is a compensation quoted in an hourly or daily rate for an employee.
    2. It is the total amount that the individual earned by working through a period
    of time.
    3. It is the compensation usually quoted annually or monthly for an employee, a
    fixed amount of money for each time period worked.
    4. It is a money that an individual receives in exchange for providing a
    good/service or through investing capital.
    5. The difference between the gross income and deduction of the compensation
    of an individual.

    II. Find the amount earned by each of the workers in a given period of
    time.

    1. The average live in caregiver annual gross salary in the Philippines is


    Php151,808.00. How much is their equivalent hourly rate considering a 22-
    day per month basis working 8-hours a day?

    2. A security guard in Metro Manila earns a monthly compensation of


    Php20,876.00, how much is his earning in half a year?

    Department of Education - Schools Division of Tarlac Province


    Worksheets in Business Mathematics (Senior High School)

    3. An entry level fire officer has a monthly salary of Php29,668.00. How much is
    his annual salary?

    4. A car sales agent has a monthly compensation of Php15,000.00 and a


    commission of 3% for every vehicle sold. How much is the total earning of a
    car sales agent who sold a Mitsubishi Mirage at Php700,000 for that month?

    5. A Career Service Executive Officer with the highest position has at salary
    grade 30 which is Php182,191.00. How much is the annual salary of a CESO I
    position?

    III. Compute the gross and net income of each employee.

    1. Aside from the monthly compensation of a private school teacher which is


    Php12,000.00 per month, he accepts a 6-hour a week online tutorial with a
    compensation of Php250.00 per hour. How much is his gross income for the
    month?
    Compute his net income after paying his monthly benefits that includes SSS
    (Php400.00 per month), PhilHealth (Php200.00) and Pag-Ibig Fund
    (Php100.00)

    Department of Education - Schools Division of Tarlac Province


    Worksheets in Business Mathematics (Senior High School)

    2. A bank manager has a basic monthly salary of Php55,000.00, a living


    allowance of Php3,000.00 per month, and also has an investment of
    Php500,000.00 which earns an interest of 3% per year. Compute his annual
    gross income. Compute his net income after paying an annual tax of
    Php108,680, SSS-Php74,400.00, PhilHealth-Php24,000.00, and Pag-ibig
    Fund-Php12,000.00.

    3. The monthly salary of a teacher at a salary grade 13 is Php28,276.00 plus


    Php2,000.00 living allowance, with the following monthly deductions; BIR
    withholding tax-Php930.00, GSIS Personal Share-Php2,573.00, PhiliHealth-
    Php428.00, and Pg-ibig-Php100.00. Compute his annual gross and net income.

    4. Compute the annual gross and net income of a police officer who is at salary
    grade 20, and gets a basic salary of Php54,251.00 per month, with additional
    monthly benefits;Living allowance - Php2,000.00, clothing allowance
    -Php200.00, regular subsistence allowance - Php4,500.00 per month, and a
    hazard pay of Php540.00.
    Supposed this police officer has annual deductions for the following;
    Php45,000 for income tax, Php6,000 for PhilHealth, Php1,200 for Pag-ibig
    and Php35,000 for GSIS contributions

    Department of Education - Schools Division of Tarlac Province


    Worksheets in Business Mathematics (Senior High School)

    ANSWERS KEY

    Salary, Wage, Income and Benefits

    I. Vocabulary and Concepts

    1. Wage
    2. Gross Income
    3. Salary
    4. Income
    5. Net Income

    II. Amount earned by each of the workers in a given period of time.

    1. Php71.88
    2. Php125,256.00
    3. Php356,016.00
    4. Php36,000.00
    5. Php2,186,292.00

    III. Gross and Net Income

    1. Gross Income: Php18,000.00


    Net Income: Php17,300.00

    2. Gross Income: Php711,000.00


    Net Income: Php491,192.00

    3. Gross Income: Php363,312.00


    Net Income: Php314,976.00

    4. Gross Income: Php737,8932.00


    Net Income: Php650,692.00

    Department of Education - Schools Division of Tarlac Province

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