Unit 1: Gross & Net Pay Test Review 6MF 10 Name Lota Period date : Now 1, 2018 A. Gross Pay. Show your work, ¥ Tim earns $18/h and keeps al of his tips. In a 2-week period he works 80 hand receives $540 in tips. What is his gross pay? GP* RP + Tips # 1980=GP R GPs (#18 x 80h) + #540 = 2. Heather my real estate agent and she receives a 4% commission all her sales. What is her gross Pay if she sells a home worth $235 000? 0-04 # 235000 3 ohn earns $16.40/h and receives a shitt premium of $2.60/h any day he works before 9:00 am or after 5:00 pm. What i his gross pay? RES qam— 5 yar Start Time | End Time [RN IPA] GPaRP+ PP [ardor |9:00en |:000n | a Ty | a P=(fo0 woh) 8h) Tuesday [9:00am | 5:30 pm [ee 105| W h | Thursday | 8:00 5:30 ei. Fay 3.00 om 5:00pm [A 4 ars 8656 48 152 Saturday |8.00em ls 00 oe tS won eu, (a? =_ #808 4. Bert earns a base salary of $425/week and receives a Commission of 2.5% on all his sales. If he has sales of $1780, what is his gross pay? GP? Case Salary + Y Commission 6P-#4as + (0.085 x #1780) ={4469.50=67, 5 Janice earns $15.50/h and keeps 90% of her tips. In one week she works 36h and receives $184 in tips GP= RP + 96% of Tips Gh= (#1850 « 36h) +(0.90 x3 184) 6, Terry earns $18/h and also receives time and one half if she works more ‘than 40h a week In one week she works 62 h, What is her gross pay? OT Rate. Ges RP + OT Ray G15 x28 HET GP: (BE x Hon) + (#27x22%). eae ep] air 7. Lawrence is an auto detailer. If each job costs the same amount and his office rossed $14 880 on 31 jobs, what was the cost per job? #480 # _ #14 880 ae Blsebs | Fou 8. Sandy earns $12.60/h and works 29 h. Find her. GP= #1262, aqh =\8 365, f) 9. Daniel receives Base salary of $580/week plus a commission of 3.8% on all cles aver $4000. If he has sales of $6700, what is his gross pay? Ge= Base Selery + 3.844 on Sales over # ax at: 4560+ o.d5@ #2700) = 6700- azideUnit 1: Gross & Net Pay Test Review 2ofa 10, Kevin earns $15/h and receives double time for working more than 36.5 h in one week. If he works 45 h in one week what is his gross pay? GP=8R? + OT Pay er-(is %36:Sh) 4 (#30 8.5h) =/#802,50-67 #gutso4° haass 11, Vernon works as a freelance writer and is paid $0.22 per word. Tf he writes an article with 534 words, what is his gross pay? G@P= #022. 534 words =[H 1) 7.48 6? “word 12. Mike works 58 h and has a gross pay of $986. What is his hourly rate? Role -#, #986 h 58h 13, Hannah works as a tree planter. She is paid $0.65 for each tree planted. If she plans 16 tees in oe dy, what. her Gl= Ho-6= se x WeTyees = #75.10-67/ 4, Tammy earns $12.30/h and gives 25% of her tips to the chef. In two weeks she works 32 h and receives $360 in tips. What is her “ays poy? ale ie 1228 salsa" 1360) {#53 60°67 15, Complete the following chart, Pay Period | Annual Pay | Pay per Pay Period Biweekl $27 820 #1010 Weekly $23 920, % 460 Biweekly al 3.26 | $820 ‘Monthly $3480 | # B90 Semi-monthly | $57600_| # ayoo Semi-annwally | $12640 | 632.0 Biweekly #77460 | $1460 Monthly | 67200 | $6600 Weeki #35360 | $680 (0:| Semi-Monthly [#36400 | $1600 sess errr 16, Sonya earns a straight commission of 6% on all her sales. Tf her gross pay was 534, what were her sales? oe (ooo xHscles) %sales= 4534 [409700]. sles 8534=(0.06 x # Sales) —™ 0.06 ——— 17, Tim's gross pay is $1200. TF his overtime poy is $450, what is his regular hourly rate if he works 40 regular hours? If he receives double time for any overtime hours, what is pis overtine rate and how many overtime hours did he work? GP= RP + OT as 12,002 RP + HUSO e oT rs oS RP+ 81200 -¥4g 0 = 750-8. og iS \ @ ty x jlo 'Unit 1: Gross & Net Pay Test Review B. Net Pay and Deductions ¥ Calculate the ET and GPP deductions for each of the follow gross pays. ‘CPP= gross pay x 495 % ‘ET= gross pay x 1,68% {up oa maximum of $2479,95)| (up to.a maximum of $930.60) Gross] EE Deduction | CPP Deduction [|_| Pay &Px0.0188/GPx0.0495 “lay | 843.31 | $61.36 ean. | 8148.24 | 1470.10 $720 weekly [413.54 | 35.64 Sen [819 30.60 | B24 79.95 «mex [ef + Geleulate the EE and CPP deductions, the total deductions and the net pay for each situation. Show your work. 4. Gross pay: $1870 biweekly Other Deductions: $198.15 in federal income tax: $131.60 in provincial income tax: $65.00 pension plan payments; $21 union dues; and $45 health ve premiums 2 4 = #35.) EL+(Q70 x0.0188)= # Tetad Deductions # SBB.4S PP =(41870 x0.0495)2 494-57 Fed Tex= #19815 Prov Tax =# 131.60 Pensign Plans # 65.00 Union Bagg = a 00 heed nett 5 wer. Net Pays G@P— Total Net 810 - #588. 4g 1 What is the difference between gross pay and net pay? ~ Gross Pays Tate] earnings, before deductions Net fay ‘= Tatal earnings after deductions 2. What is a commission? Commissien= % oF salex 5, Describe, sing exompls, various methods of earning income, ko Commission, +ips, hourly rates, psece work, Salary, shift premio, svertime 4, Why are some deductions considered benefits? Give some exampl Because tiney gece eee She mms ceo, like a pensien or health care caveray: neti ty Exampks of bedvetions Phat are be (ae are ¢ CFG elt Premivms, feasion flan