Gr.10 Essential Math Unit 2 Outline and Project
Grade 10 Essential Math Unit 2: Earning an Income
Learning Goal(s):
1) Demonstrate an understanding of calculations for gross pay and net pay earned through income
sources including:
 Wages
 Salary
 Contracts
 Commissions
 piecework
2) Solve problems that require the manipulation and application of formulas related to income.
Topics:
2.1 Earning an Income
2.2 Alternative Ways to Earn Money
2.3 Additional Earnings
2.4 Deductions and Net Pay
Learning Activities:
Complete the following questions, and make sure to check your answers at the back of the textbook.
There is an answer key there. Make sure to ask questions in class if you are not getting the right
answers.
____p.60 #1-9 (Section 2.1)
____p. 69 #1-7 (Section 2.2)
____p. 76 #1-8 (Section2 .3)
____p. 87 #1-7(Section 2.4)
____p. 89 #1-9 (Review)
____ Practice Test
Gr.10 Essential Math Unit 2 Outline and Project
Assessment:
This unit will have two assessment pieces – a project and a test. The test will be based on the review.
You will hand in the project by the date of the test. The test and the project will each be worth 5% of
your final grade.
______ Unit Test date
______ Unit Project due
Project: Starting a Summer Small Business
_____p. 53: Read through “Project Overview” and “Get Started”. Answer the “Get Started” questions
to begin brainstorming and planning your business.
_____ p.63 “The Roots of Math: Minimum Wage in Canada”. Read and answer questions. Remember
that you will have to pay at LEAST minimum wage to all of your employees.
_____ p. 78: “Preparing a Payroll Policy”:



Re-read your answer to p.53 “Get Started”
Add information according to the bullets on p.78
Benefits include things like dental care and long- and short-term disability payments
_____ p. 86: “Creating a Pay Statement”:

You will need to include at least one completed pay statement in your project.
_____ p. 53 “Final Presentation Checklist” is the basis of the rubric that you will be marked according to.
Use it and the rubric provided to check your work. Your final project payroll plan will include:





A paragraph that outlines your plan, according to the questions on p.53 “Get Started”
A spreadsheet or table that contains a list of positions, the gross pay, deductions, and net pay,
with a total for the pay period.
An equation that describes your regular weekly salary costs
A sample pay statement for one employee, with a list of deduction amounts and a statement of
new pay.
A memo you have written to your staff about payroll policies.
Gr.10 Essential Math Unit 2 Outline and Project
Criteria
1. Paragraph
outline
2.
spreadsheet/
table
3. weekly
salary cost
equation
4. sample pay
statement
5. memo
Total
All of the following are included:
 Number of employees
 Number of part-time, full-time, and on-call staff designated
 Each employee (min. three) has desired skills/qualities listed
 Regular working day and week hours designated
 Week-end work, overtime, and statutory holidays explained
 Minimum wage listed
 Benefits explained
Spreadsheet includes the following:
 List of positions (min. three)
 Gross pay calculated based on regular work week hours in
outline and minimum wage
 Mandatory deductions listed and calculated(Federal and
Provincial income tax, EI, CPP)
 Optional deductions listed and calculated(e.g. Union dues,
pension, dental, medical)
 Net Pay for all employees calculated
 Totals for the pay period (Gross pay, deductions, net pay)
Salary cost equation includes:
 Number of employees
 Number of hours worked in one week
 Rate of pay
 Total salaries paid out in one week
Use the sample on p.86. Either copy it into your notebook, or make
an electronic version. There are 22 blanks that need to be
completed.
 4 = Completed correctly with no errors
 3 = 1-2 errors
 2 = 3-4 errors
 1= 5 errors
 0 = 6 + errors
Memo includes:
 The regular work day hours and the days they will work
 The regular hourly rate of pay (the minimum wage for your
province.)
 Overtime rate, if you have one, and which hours it will be
paid for
 A list of any benefits that you will offer
Out of
possible
6
6
4
4
4
Total: _____ /24
= _____%