11/12

BUSINESS
MATHEMATICS
Quarter II– Week 3
Salary, Wage, and Benefits

CONTEXTUALIZED LEARNING ACTIVITY SHEETS

SCHOOLS DIVISION OF PUERTO PRINCESA CITY
Business Mathematics – Grade 11/12
Contextualized Learning Activity Sheets (CLAS)
Quarter III - Week 3: Salary, Wage and Benefits
First Edition, 2020

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Published by the Schools Division of Puerto Princesa City

Development Team of the Contextualized Learning Activity Sheets

Writers: Wilma N. Berdejo
Content Editors: Marie Vic C. Velasco, PhD, EPS-Mathematics
Language Editor: Amie Tabi
Proofreader: Marie Vic C. Velasco, PhD, EPS-Mathematics
Reviewers: Marie Vic C. Velasco PhD
Illustrator: Wilma N. Berdejo
Layout Artist: Aileen A. Gonzalvo
Management Team:
Servillano A. Arzaga, CESO V, SDS
Loida P. Adornado PhD, ASDS
Cyril C. Serador PhD, CID Chief
Ronald S. Brillantes, EPS-LRMS Manager
Marie Vic C. Velasco PhD, EPS-Mathematics
Angelica C. San Jose, PSDS
Eva Joyce C. Presto, PDO II
Rhea Ann A. Navilla, Librarian II

External Evaluator:

Division LR Evaluators:

Division of Puerto Princesa City-Learning Resource Management Section (LRMS)

Sta. Monica Heights, Brgy. Sta. Monica, Puerto Princesa City
Telephone No.: (048) 434 9438
Email Address: puertoprincesa@deped.gov.ph
Name: Grade & Section:
Kim Madarcos 11 EDISON

Lesson 1
Define Salary,Wages and Benefits

MELC: Define Salary, Wage and Benefits, Compute gross and net earnings (ABM_BM11SW-
IIc-1, ABM_BM11SW-IId-2)
Objectives: 1. Define Salary, Wage and Benefits
2. Calculating employee’s gross pay
3. Differentiate gross from net earnings

Let’s Explore and Discover

Unlocking of Have you been in a job? How does it goes? How

Difficulties much is your salary?
Salary -
Payments for
managerial,
administrative,
and other similar
services.
Wages -
Payments for
manual labor or
workers
Income - Income
is consumed to
fuel day-to-day
expenditures.
Benefits - types One of the most important things in a job that motivates an
One
of non-wage employee to work is the salary, wages or income it pays. It is
compensation a way how your employees will be more productive and loyal.
provided to
employees in
addition to their
SALARIES
normal
 wagesfor
Payments or managerial, administrative, and other similar services.
salaries
 May be computed as weekly, biweekly, monthly, semi-monthly and annually

WAGES
 Payments for manual labor or workers.
 Paid in hourly rate
 Number of hours work determine how much the workers earn

INCOME
 Money that an individual or business receives in exchange for providing a good or
service or through investing capital.
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  Income is consumed to fuel day-to-day expenditures.
 Salary or wages earned from a job - people age 65 and under
 Investments, pensions and social security - retirees.
 company's remaining revenues after all expenses and taxes have been paid
("earnings") – businesses

Pay periods
o Weekly: once a week or 52 times a year
o Biweekly: every two weeks or 26 times a year.
o Semimonthly: twice a month or 24 times a year.
o Monthly: once a month or 12 times a year.

Computation of Salaries
Weekly: annual salary / 52hours
Biweekly: annual salary / 26 hours ( once in two weeks)
Semimonthly: annual salary / 26 hours (every two weeks)
Monthly: annual salary / 12 months or 2,496 hours
Key Terms
 Gross earnings (gross pay): the amount earned before deductions.
 Regular Pay + OT Pay
 Regular Pay = # of hours worked X hourly rate
 OT = # of OT hours x OT Rate
 Net earnings (net pay/take-home pay): the amount of your paycheck
 Hourly rate or hourly wage: the amount of pay per hour worked based on a standard
40 hour work week.
 Overtime rate: rate of pay for hours worked that exceed 40 hours per week.
 Time and a half: standard overtime rate that is 1½ (or 1.5) times an hourly rate
 Regular pay: earnings based on an hourly rate of pay.
 Overtime pay: earnings based on overtime rate of pay.

BENEFITS
 Benefits in kind (also called fringe benefits, prequisites, or perks)
 Something that produces good or helpful results or effects or that promotes well-
being : advantage discounted prices and other benefits of a museum membership
The benefits outweigh the risks of taking the drug. reaping the benefits of their hard
work changes that will be to your benefit

Let’s Practice

1. JNB Corporation pays its employees on a 40-hour workweek. The overtime pay is 1
½ times the regular rate over 40 hours. Any work on a Sunday is double pay. If
Aileen Cansino worked using the following data, what shoud be her gross pay be?
Assume a rate of Php 4.00 per hour. Compute and write your answer on the space
provided in the table below.

2
 Number of Hours per Day
Monday 8 hours A
Tuesday 7 ½ hours D
Wednesday 9 hours B
Thursday 10 hours E
Friday 6 hours C
Saturday 8 ½ hours G
Sunday 4 hours F
Gross Pay

a) 32.00
b) 32.00 + 6.00
c) 24.00
d) 30.00
e) 32.00 + 12.00
f) 32.00
g) 32.00 + 3.00

1. Compute for Fortunato Garcia his total working hours aand gross pay based from
the given data.
2.
Monday Tuesday Wednesday Thursday Friday Total Rate Gross
Hours per pay
Hour
7½ 6¼ 8 2¼ 4 6.25

28
Total Hours _________
Total Gross Pay __________
175

a. 25 hours and Php 32.00 c. 20 hours and Php. 150.00

b. 28 hours and Php 175.00 d. 38 hours and Php 157.00

Have you experienced receiving salary? - Yes before, i worked only for 1 week in my mom and dad's office.
How much is your salary? - 1,000 pesos only.

Let’s Do More
For Activity 1 and 2

Problem Solving: Joel is working at WNB Corporations as an Executive Marketing Officer.

He spends 54 hours a week (6 days) with Php 150.00 rate per hour. However every last
week of the month he needs to work 80 hours with additional overtime pay of 25% per hour
from the his original rate per hour.for the preparation of monthly report to the Board of
Directors. He also pays Php 100.00 his Health insurance contribution and monthly
withholding tax for Php 350.00

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Based on the problem above, how much is Joel’s salary every month? Compute the
following:
Week Rate per Day Rate per week Overtime Pay
Week 1 1,012.50 6,075.00 0
Week 2 1,012.50 6,075.00 0
Week 3 1,012.50 6,075.00 0
Week 4 1,012.50 6,075.00 4,875.00
Salary for the month (Net Income) Php 29,175.00

Why is it important to know the rate of your salary per hour and overtime?
- It is important because, knowing the rate per hour and overtime is only fair for the employees who works hard, they need
to be fairly paid for there hard work.

According to the problem above, let us look how much Joel compensate for his work as
Executive Marketing Officer at WNB Corporations. Compute for the following:
29,175
a) Gross income monthly? ________________
b) Total deducstions? _______________
450
c) Net income monthly? ______________
28,725

Let’s Sum It Up
Wilson Garcia is working as Human Resource Department Head, his employee
number is 1356277. He is receiving a monthly salary of 75,000.00 for the month of
December 2020. The BohRit Manufacturing less his contribution in Social Security System
for 2,500.00, Pag-Ibig 3,100.00, Health Insurance of 1,500.00, Philhealth 800.00, his study
loan worth 2,000.00 monthly and his expenses in canteen worth 6,300.00. But the
manufacturing pay his overtime pay 5,000.00 for extra work last Friday of the month.
Activity 1

How much is the take home pay or the net income of Mr. Wilson Garcia for the
month of December, 2020. Show your solution.
The total gross pay is 80,000 and the BohRit deduction for Wilson is 16,200.
80,000 - 16,200 = 63,800 net income or take home money of Wilson Garcia.
Activity 2 Fill up the information of the BohRit Manufacturing employee for the month of
December 2020.
Wilson Garcia
Name of the Employee: _______________________________
Company ID Number: _____________________________
1356277
Position: ______________________
Human Resource Department Head
Basic Pay: ______________________________
75,000

4
Gross Pay: 75,000
________________________
Overtime Pay: ________________________
5,000
Total Pay: ________________________
80,000
Deductions: 1,500
Health Insurance _________________
SSS Contribution _________________
2,500
Philheath _________________
800
Pag-Ibig _________________
3,100
Canteen _________________
6,300
Study Loan _________________
2,000 16,200
_______________________
Net Income Php ___________________
63,800

Let’s Assess
INSTRUCTION: Choose the letter of the correct answer. Encircle the letter.

1. What do you call for payments in managerial, administrative, and other

similar services?
a. Benefits b. contributions c. salary d. wages

2. Which of the following consumed the fuel day-to-day expenditures?

a. Income b. salary c. wages d. benefits

3. Which of the choices below is payments for manual labor or workers?

a. Wages b. salary c. benefits d. income

4. What is the earnings based on overtime rate of pay?

a. Gross income b. net income c. overtime pay d. deductions

5. What is the amount earned before deductions?

a. Net income b. overtime pay c. gross income d. deductions

6. Which of this is the company's remaining revenues after all expenses and
taxes have been paid ("earnings") – businesses?
a. Income b. salary c. wages d. benefits

7. If Justin work for 65 hours a week with a basic working 54 hours a week.
How many hours he spend for his overtime?
a. 12 hours b. 10 hours c. 11 hours d. 9 hours

8. If Karl Wilson is receiving a net home pay worth 35,000.00 because the
company he is working deduct his montly contributions worth 8,280.00. How
much is the gross income of Karl Wilson?
a. 43,250.00 b. 42, 305.00 c. 40, 352.00 d. 45,320.00

9 -10. The employee of the Jullybhie works on Monday 6 hours, Tuesday 8 hours,
Wednesday 7 hours, Thursday 9 hours, Friday 7 hours and Saturday for 5 hours
with a rate of 7.50 per hour. How much is the number of hours they spend? What
is the total pay for six days?
a. 24 hours and Php 513.00
b. 42 hours and Php 135.00
c. 42 hours and Php 315.00
d. 24 hours and Php 351.00

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 Answer Key
Let’s Practice

Number of per Day

Hours
Monday 8 hours a.
Tuesday 7 ½ hours d.
B. 28 hours and Php
Wednesday 9 hours b 175.00

Thursday 10 hours e

Friday 6 hours c

Saturday 8 ½ hours g

Sunday 4 hours f
Gross Pay

Let’s Do More

Rate Rate per Overtime

Week
per Day week Pay _____________
Week 1 1,012.50 6,075.00 0 a. Gross income monthly?
Week 2 1,012.50 6,075.00 0 ____29, 175.00_______
Week 3 1,012.50 6,075.00 0
Week 4 1,012.50 6,075.00 4,875.00 b. Total deductions?
Salary for the month (Net Income) _____450.00_______
Php 29,175.00 c. Net income monthly?
_____28, 725.00_____
______________

Let’s Sum It Up
Activity 1 Activity 2

Name of the Employee__ Wilson Garcia _

Company ID Number: __1356277______
80,000.00 Total Gross Pay Position: Human Resource Department Head
-16,200.00 Less: deductions
Basic Pay: Php 75,000.00
63,800.00 Net Income or take
home pay
Gross Pay: _____75,000.00 _____
Overtime Pay: ______5,000.00 _____
Total Pay: _____80,000.00______
Deductions:
Health Insurance ___1,500.00__
SSS Contribution ____2,500____
Philheath _____800.00__
Pag-Ibig ____3,100___
Canteen ____6,300.00_
Study Loan ____2,000.00_______ ________16,200.00__
Net Income Php ____63,800.00 _____________________

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 References
Book

DepEd MELC pages 580- 583

Senior High School Mass Training of Teachers (MTOT)II-Accountancy, Business and
Management, at A&A Plaza 2016

https://www.google.com/search?q=importance+of+salary&rlz=1C1CHBF_enPH916P
H916&hl=en&sxsrf=ALeKk03Ag15wdZaUx9wDv8UYHNs1YxXOOg:160845065
6560&source=lnms&tbm=isch&sa=X&ved=2ahUKEwi5npfQidztAhXZF4gKHVl
KDtkQ_AUoAXoECAoQAw&biw=1366&bih=625

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