Module 2
In this second module, you will learn new skills to help you develop your ability to think
critically and solve accurately. You will encounter activities, both individual and collaborative,
that will expand your experience and allow you to better yourselves.
Before we proceed, let me present to you the learning competencies you are expected to learn
and the essential question that you will be answering at the end of the module.
Essential Question MODULE 2: How can evaluating salary and wages and analysis and
presentation of business data help in the success of a business?
LESSON
Salary and Wages
Benefits and Standard deductions
Overtime and Premium Pay
Data presentation
Analysis of Business Data
ESSENTIAL QUESTION
How do concepts of salary and wages apply
in making decisions in employment and
business?
How do concepts of benefits and standard
deductions apply in handling employees in
business?
How do concepts of overtime and night shift
pay affect the salary expense in a business?
How does effective presentation of business
data help in the success of a business?
How does correct analysis of business data
help in making valid decisions in business?
1
INTRODUCTION
LESSON 1: SALARY AND WAGES
Time Frame: 2 weeks
Enduring Understanding: Students will understand that decisions in business depends on the
concepts of salaries and wages to evaluate, improve, and conduct adjustments.
Essential Question: How do concepts of salary and wages apply in making decisions in
employment and business?
Learning Competencies:
at the end of this lesson, you are expected to:
• Define Salary and Wage
• Compute for Gross and Net Earnings
PAY SILIP
Observe the sample payslip on the right
side. Mr. Jake Pomperada earned a total of
₱2,240 for his job as a programmer. He was
deducted a total of ₱247.64 for paying some
government taxes and standard deductions. In
this lesson, you will learn how to compute for
the standard deductions and gross and net
earnings of an employee.
Guide questions:
1. What is/are the benefits received by Mr. Pomperada?
2. What are his deductions?
3. How do we compute for gross earnings?
4. How do we compute for Net earnings?
5. What other benefits do your parents/guardians enjoy?
2
EXPLORE
ACITIVITY 1
ACTIVITY TITLE: BAWAL ANG JUDGMENTAL
INSTRUCTION:
See last page for the answer
FIRM UP
Income/Earning/Pay: money received for work or through investments
Salary: a fixed regular payment, typically paid on a monthly or weekly basis
Wages: a payment paid per hour of work
Gross earning (E) = amount earned by a person before subtracting all necessary deductions
Net earning (N) = amount earned by a person after subtracting all necessary deductions
Deduction (D) = is the amount held by the authority or the company as a form of payment for
some necessary dues.
3
EXAMPLE 1: A President earns an annual salary of ₱720,000. Compute for:
a.
b.
c.
d.
e.
Month Salary
Bi-monthly Salary
Weekly Salary
Bi-weekly Salary
Daily Salary
Salary
Formula
Amount
Annual Salary: ₱720,000
Monthly Salary
Bi-monthly Salary
Weekly Salary
Bi-weekly Salary
Daily Salary
₱720,000
𝐴𝑛𝑛𝑢𝑎𝑙 𝑆𝑎𝑙𝑎𝑟𝑦
12
𝐴𝑛𝑛𝑢𝑎𝑙 𝑆𝑎𝑙𝑎𝑟𝑦
24
12
₱720,000
24
𝐴𝑛𝑛𝑢𝑎𝑙 𝑆𝑎𝑙𝑎𝑟𝑦
52
₱720,000
𝐴𝑛𝑛𝑢𝑎𝑙 𝑆𝑎𝑙𝑎𝑟𝑦
104
₱720,000
𝐴𝑛𝑛𝑢𝑎𝑙 𝑆𝑎𝑙𝑎𝑟𝑦
365
₱720,000
52
= ₱𝟑𝟎, 𝟎𝟎𝟎
= ₱𝟏𝟑, 𝟖𝟒𝟔. 𝟏𝟓
104
365
= ₱𝟔𝟎, 𝟎𝟎𝟎
= ₱𝟔, 𝟗𝟐𝟑. 𝟎𝟖
= ₱𝟏, 𝟗𝟕𝟐. 𝟔
COMPUTATION FOR GROSS AND NET EARNINGS
Net earnings = Gross earnings – Deductions
Deductions = Gross – Net earnings
Gross earnings = Net earnings + deductions (if these are given)
Example 2: Marian, a service crew, earns ₱55 per hour. If she works a total of 176 hours for the month
of July, how much is her:
a. Gross earnings?
b. If she will be deducted by ₱250, how much will be her net earnings?
Answers:
a) Gross earnings = ₱55 x 176 hours = ₱𝟗, 𝟔𝟖𝟎
b) Net earnings = Gross earnings – Deductions
₱9,680 − ₱250 = ₱𝟗, 𝟒𝟑𝟎
4
DEEPEN
HOLY ANGEL UNIVERSITY
High School Department
#1 Holy Angel Avenue, Sto. Rosario, Angeles City
Name: ____________________________________
Year and Section: ___________________________
Subject: GRADE 12 – BUSINESS MATHEMATICS
Grade/Score: _______________
Date: ______________________
Teacher:____________________
ACTIVITY: (Please check the appropriate box)
Concept Notes
Laboratory Report
Formal Theme
Journal
Skills/Drill/Exercise
Drawing/Art/Plate
Informal Theme
Quiz
Others ________________
References:
ACITIVITY 2
ACTIVITY TITLE: Pay-slip
LEARNING TARGET: Compute for gross and net earnings
CONCEPT NOTES:
Net earnings = Gross earnings – Deductions
Deductions = Gross – Net earnings
Gross earnings = Net earnings + deductions (if these are given)
INSTRUCTION: Analyze the scenario then present a payslip showing how the gross and net
earnings were computed. Submit your payslip on orangeapps as an image or pdf file.
DISCUSSION TITLE: PAYSLIP
Andrei P. Reyes is an Accountant in BM Company.
He earns ₱𝟔𝟕𝟎 𝐩𝐞𝐫 𝐡𝐨𝐮𝐫.
He works 8 hours a day regularly for 24 days for the month of September 2020.
He is given an additional ₱𝟐, 𝟓𝟎𝟎 as an incentive for perfect attendance.
He asked for ₱𝟓, 𝟎𝟎𝟎 cash advance last September 12, 2020.
She has a tax rate of 5% on her gross earnings
He receives the following deductions for the same month:
a) SSS = ₱𝟏𝟎𝟎
b) Philhealth = ₱𝟐𝟎𝟎
c) PAG-IBIG - ₱𝟏𝟓𝟎
Answer in Activity 1
Wage earners:
1.
Construction worker
2.
Sales clerk
3.
Service crew
4.
Call Center Agent
1.
2.
3.
4.
5.
6.
7.
5