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BUSINESS MATH - Q2 L1

The document outlines key concepts related to salary, wage, income, and benefits in a business math context. It includes definitions, examples, and questions regarding different types of earners and compensation structures. Additionally, it provides scenarios for calculating annual salaries and wages based on given rates and work hours.

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Kristine Tagalo
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3 views

BUSINESS MATH - Q2 L1

The document outlines key concepts related to salary, wage, income, and benefits in a business math context. It includes definitions, examples, and questions regarding different types of earners and compensation structures. Additionally, it provides scenarios for calculating annual salaries and wages based on given rates and work hours.

Uploaded by

Kristine Tagalo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Business math Q2 – Lesson 1 (Define Salary, Wage, A.

Income earner
Income and Benefits) B. Benefit earner
C. Wage earner
1. A compensation quoted in an hourly or daily D. Salary earner
rate for an employee. 10. Which of the following is NOT a salary
A. Wage earner?
B. Income A. Teacher
C. Benefits B. Engineer
D. Salary C. Waiter
2. Lowest amount of money you are allowed to D. Manager
be paid for one hour of work as defined by 11. Mrs. Carreon who works as a teacher in a
law. private school is being paid Php 8,500 every
A. Compensation two weeks. How much will be her annual
B. Minimum wage salary?
C. Maximum wage A. 224,000
D. Salaries B. 221,000
3. A consistent payment typically paid on a C. 350,000
monthly basis regardless of the number of D. 220,000
hours worked. 12. Felix works as a call center agent. His daily
A. Income rate is Php765. If he works 6 days a week, how
B. Salary much will he earn after a probation period of
C. Wage 12 weeks?
D. Benefits A. 50,800
4. In 1 year, how many semi-monthly are there? B. 43,030
A. 22 C. 55,080
B. 23 D. 54,000
C. 24 13. A university assistant professor in a state
D. 25 university gets a monthly salary of Php 50,000.
5. They are paid more per hour when working on How much money will he receive if the salary
holidays, Sundays, evenings, and etc. is given semi-monthly?
A. Salary earners A. 15,000
B. Overtime B. 10,000
C. Wage earners C. 20,000
D. Office workers D. 25,000
6. The total amount that people earn in 14. Noah works as a science tutor and is paid Php
exchange of the goods, employment, 150 per hour. How much wage does she earn
businesses, investments and professional for a 10-hour per week of work?
services that they have rendered. A. 1,000
A. Income B. 1,250
B. Benefits C. 1,500
C. Wage D. 1,550
D. Salary 15. A Public teacher has a monthly basic pay of
7. A type of income where you do the work and Php 25,300. How much will be his annual
you are paid for that work. salary?
A. Captive A. Php 303,600
B. Abusive B. Php 303,200
C. Passive C. Php 303,500
D. Active D. Php 303,450
8. An employee compensation given by an
employer other than the basic salary/wage
and may come in the form of cash or in kind.
A. Benefits
B. Money
C. Consumption
D. Wage
9. Employees who are under the “no work, no
policy”.

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