1. Module 8

1.23. Page 6

Mathematics 10-3 Module 8 Lesson 4

Module 8: Daily Living

 

Lesson Summary

 

This is a photo of a businessman with an earnings statement in his pocket.

© Tootles/291654/Fotolia

In Lesson 4 you explored wages and salaries. Do you remember the differences between wages and salaries? Can you name at least three occupations that would earn a wage? A salary?

 

Look at the earnings statement in the man’s pocket. Do you think this individual is paid a wage or a salary? How would you justify your answer?

 

In this lesson you answered these questions

  • What are wages and salaries, and what are the jobs that commonly involve these ways of earning income?
  • What are the advantages and disadvantages of wages and salaries?
  • How is gross pay calculated from regular and overtime rates of pay?

Check your level of understanding of the materials covered in this lesson by completing “Lesson 4 Traffic Lights.” If you select an amber or red traffic light in the multimedia piece, you will receive information about additional work you can complete to improve your understanding of the topics.Complete the suggested work before you proceed to the Lesson 4 Assignment. If you experience difficulty, contact your teacher before starting the Lesson 4 Assignment.

 

In Lesson 4 you examined occupations that involve payment by wages and salaries. Do you remember the advantages and disadvantages of each method of being paid? The primary focus of the lesson was wages. You used regular and overtime rates to determine gross pay from time sheets. You identified typical errors that might occur in time sheets, and you corrected those errors. You also explored shift differentials and how rates of pay for those shifts are calculated.

 

Assignment

 

Retrieve the Lesson 4 Assignment Booklet you saved in your course folder at the start of this lesson. Complete the Assignment Booklet.

 

Resave your Assignment Booklet in your course folder and submit a copy to your teacher for assessment.

 

Unit 4 Project

 

Have you given some more thought to the Unit 4 Project? Have you contacted an employee you can interview who works in the job or career you are planning to explore? Has this lesson helped you come up with questions you can ask about the job and how incomes are earned in that field? For more information about this step and later steps of the task, review the Unit 4 Project.