This document provides information about a new job including pay rates, sample work schedules, payroll deductions and calculations to estimate earnings over different time periods like weekly, biweekly, monthly and annually.
This document provides information about a new job including pay rates, sample work schedules, payroll deductions and calculations to estimate earnings over different time periods like weekly, biweekly, monthly and annually.
This document provides information about a new job including pay rates, sample work schedules, payroll deductions and calculations to estimate earnings over different time periods like weekly, biweekly, monthly and annually.
This document provides information about a new job including pay rates, sample work schedules, payroll deductions and calculations to estimate earnings over different time periods like weekly, biweekly, monthly and annually.
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Unit Task 1: Name: _______________________
My Job /29 Congratulations! You’ve just been hired for your dream job as a ___________________________________! Your starting pay rate is _____________ and your overtime pay rate (x1.5) is _______________. [1] 1. Before you start your job, you do some calculations to get an idea of the amount of money you will be making. Assuming you work 40 hours each week, answer the following questions. [4] a) What is your weekly pay? b) What is your biweekly pay?
c) What is your yearly pay? d) What is your monthly pay? (years first)
2. Your boss gives you the schedule below for your first two weeks. How many hours do you work each week? [6]
Week 1 # Hours Worked Week 2 # Hours Worked
Mon 8:00 – 4:00 Mon 8:00 – 7:00 Tues 8:00 – 4:00 Tues ----------- Weds 11:00 – 7:00 Weds ----------- Thurs ----------- Thurs 9:00 – 7:00 Fri ----------- Fri 11:00 – 9:00 Sat 12:00 – 8:00 Sat 8:00 – 5:00 Sun 9:00 – 5:00 Sun 9:00 – 6:00 Total Hours Worked Total Hours Worked
3. Complete the chart below using the hours you calculated in question 2. [3]
Regular Hours Worked Overtime Hours Worked
Week 1 Week 2
Total 4. Like many people, your job pays you bi-weekly (every __________________________). Use your first two weeks of work to complete your paystub. You were very happy to learn that your job comes with a medical/dental plan! SHOW ALL OF YOUR CALCULATIONS! [8]
Earnings Statement for: Pay period: bi-weekly
Type Hours Rate Amount Deductions Amount
Regular Pay CPP Overtime Pay EI Holiday Pay --------- Federal Tax Provincial Tax Medical/ $15 Dental Gross Pay Deductions Net Pay
Calculations Space: Use the payroll deduction tables for
biweekly pay at the following link to find the CPP, EI, Federal and Provincial Taxes.
