Kristine S. Arellano graduated from West Coast College with a Bachelor's degree in Secondary Education majoring in English. The document discusses different pay schemes such as salary, wage, gross pay, payroll, compensation and how to compute them. It provides examples of computing weekly, biweekly and monthly salary by prorating annual salary. It also demonstrates calculating hourly and daily pay under time basis as well as piece-rate pay and premium pay. The objectives are to differentiate salary from wage, express the importance of understanding pay computations, and demonstrate calculating pay using various schemes like prorating annual salary, time basis and piece-rate pay.

1. KRISTINE
KRISTINE S. ARELLANO
• Graduate of Bachelor of Secondary Education
Major in English at West Coast College
• Academic Excellence Awardee

2. a. differentiate salary and wage
b. express the importance of knowing
how to compute salaries and wages
c. compute using prorating annual
salary, time basis pay, and piece-rate
pay.
OBJECTIVES

3. PICTURE
CHARADES

4. Direction:
Group yourselves into four. Guess the word which the
pictures and letters describe. Every item, choose one
representative who will go to the board and write the
answer. You have 10 points each group for your initial
scores. Every wrong answer, 2 points will be deducted
in your scores and your representative will sip a
lemon. The group with lowest score will dance a paro-
paro G challenge.

5. EXAMPLE: 2 words category
1ST word 2nd word
NESS
ANSWER: BUSINESS MATH

6. 1 word category
ANSWER: WAGE

7. 1 word category
ANSWER: SALARY

8. 1 word category
ANSWER: PAYROLL

9. 2 words category
1st word 2nd word
ANSWER: GROSS PAY

10. 1 word category
SATION
ANSWER: COMPENSATION

11.  is a way to provide
monetary value to
employees in
exchange of their
work/service
performed. It is usually
presented in payroll.
COMPENSATION

12.  is the total amount required
to pay workers and
employees during a week,
month or other period. It is
also defined as a total sum
of money to be paid out to
employees at a given time.
PAYROLL

13.  is a total amount of
employee’s earnings before
deductions have been made
by the employer. It may be in
the form of salary or wage,
on either a time-rate or
piece-rate and other forms
of remuneration.
GROSS PAY (GROSS EARNINGS)

14. SALARIES
AND
WAGES

15. is a fixed weekly or
monthly wage. It can
also be computed in
a prorating annual
salary or time basis
pay or by piecework.
SALARY

16.  is the monetary
remuneration
computed on hourly,
daily, weekly, or
piece work basis.
WAGE

17. FORMS
OF
REMUNERATION

18. Companies usually pay
employees weekly,
biweekly, semi-
monthly, or monthly.
PRORATING
ANNUAL SALARY

19. Employee’s earnings are
based on time worked.
The compensation is
usually stated as specific
rate per hour, day, week,
month, or year.
TIME BASIS PAY

20. Workers on factories and
industries are often paid
according to the number of
pieces/unit they produce
which is usually called as
piecework or piece-rate pay.
PIECE-RATE PAY

21. A worker is being paid the
guaranteed wage (i.e. hourly,
daily, weekly, or monthly) for
producing the standard quota
of units and is also paid at the
same rate for producing/selling
extra units within the standard
work period.
PIECE-RATE PAY

22. FORM
“SALARIES
AND
WAGES”

23. Direction:
Remain with your group. Solve the following
problems with the given formula to form the clause
“SALARIES AND WAGES”. Round off to the nearest
cent. Get the briefcase with your corresponding
answer on the board and place them according to
your group order. Choose one representative who
will present your work. You have 5 minutes to
answer.

24. Problem: For an employee who earns
an annual of ₱260,000, compute the
weekly salary.
PRORATING ANNUAL SALARY
Weekly salary

25. Problem: For an employee who
earns an annual of ₱260,000,
compute the weekly salary.
Solution:
Weekly salary = annual salary ÷ 52
= ₱5,000
= ₱260,000 ÷ 52

26. Problem: For an employee who earns
an annual of ₱260,000, compute the
biweekly salary.
PRORATING ANNUAL SALARY
Biweekly salary

27. Problem: For an employee who
earns an annual of ₱260,000,
compute the biweekly salary.
Solution:
Biweekly salary = annual salary ÷ 26
= ₱10,000
= ₱260,000 ÷ 26

28. Problem: For an employee who earns
an annual of ₱260,000, compute the
semi-monthly salary.
PRORATING ANNUAL SALARY
Semi-monthly salary

29. Problem: For an employee who
earns an annual of ₱260,000,
compute the semi-monthly salary.
Solution:
Semi-monthly salary = annual salary ÷ 24
= ₱10,833.33
= ₱260,000 ÷ 24

30. Problem: For an employee who earns
an annual of ₱260,000, compute the
monthly salary
PRORATING ANNUAL SALARY
Monthly salary

31. Problem: For an employee who
earns an annual of ₱260,000,
compute the monthly salary.
Solution:
Monthly salary = annual salary ÷ 12
= ₱21,666.67
= ₱260,000 ÷ 12

32. Problem: Rojen Mae Yap receives
₱82.50 an hour and works for 37
hours this week. Find her gross
pay.
TIME BASIS PAY
HOURLY RATE

33. Problem: Rojen Mae Yap receives ₱82.50 an
hour and works for 37 hours this week. Find her
gross pay.
Given: Hourly rate = ₱82.50
Number of hours worked = 37
Solution:
Regular Pay = No. of hours worked x hourly rate
= ₱3,052.50
= 37 x ₱82.50

34. Problem: Dexter receives a daily
wage of ₱521.60. How much does he
earn in a week if he worked for 5
days?
TIME BASIS PAY
DAILY RATE

35. Problem: Dexter receives a daily wage of
₱521.60. How much does he earn in a week if
he worked for 5 days?
Given: Daily rate = ₱521.60
Number of days worked = 5
Solution:
Regular Pay = No. of days worked x daily rate
= ₱2,608
= 5 x ₱521.60

36. Note: If production/sale does not meet or
exceed the quota, only the standard wage
is paid. If it exceeded the quota the
worker will receive a standard pay and a
premium for the extra units.
PIECE-RATE PAY

37. Formula:
• Standard pay = No. of working hours x rate per hour
• Standard pay = No. of units produced x rate per unit
• Premium pay = (Extra units ÷ Quota units) x standard
pay
Total pay = standard pay + premium pay
PIECE-RATE PAY

38. Problem: Gregorio’s daily production is 105 units
during an 8-hour work for which he is paid ₱86.20
an hour. He receives a premium for the extra units
he produces during the day of work. Find his gross
pay for (A) a day when he produced 100 units, and
(B) another day when he produced 130 units.
PIECE-RATE PAY

39. A.
Given: Number of working hours = 8 hours
Rate per hour = ₱86.20
Solution:
Standard pay = No. of working hours x rate per hour
= ₱689.60
= 8x ₱86.20

40. B. Note: Don’t round off during division. In final
answer, round off to the nearest cent.
Given: Quota units = 105 units
No. of units produced = 130
Extra units= 25
Premium pay = (Extra units ÷ Quota units) x standard pay
Total Pay = Standard pay + Premium pay
= (25 ÷ 105) x ₱689.60
= ₱164.19
= ₱689.60 + ₱164.19
= ₱853.79