The document discusses calculating employee pay, including commissions. It defines different commission structures like straight commission, salary plus commission, and graduated commission. It provides examples of calculating earnings under each structure. It also discusses calculating net pay by deducting taxes, insurance, and other amounts from gross pay.

1. Consumer Math 30S Unit 1 – Income & Debt Specific Outcomes D-1 Solve problems involving performance-based income. D-2 Use simple and compound interest calculations to solve problems. D-3 Solve problems involving credit-card buying. D-4 Solve problems involving personal loans.

2. Unit 1 – Income & Debt An employer can pay an employee in several ways. Some employers pay an employee a set salary; others pay an hourly wage or an employee can be paid a commission or by the amount of “pieces” they complete. In the first part of this unit we will look at calculating an employees gross pay, based on some type of commission.

7. Unit 1 – Income & Debt

11. Unit 1 – Income & Debt Commissions online mental math activity. http://www.aaamath.com/g84-commission.html#section1

14. Unit 1 – Income & Debt Textbook Assignment: Page 18 – 20 Questions 1 - 11

15. Unit 1 – Income & Debt EMAIL ASSIGMENT (bcoulter@pwsd.ca) What would be the benefit of paying straight commissions? Would this be a good way for you to be paid? Why or why not?

16. Unit 1 – Income & Debt Commissions Review Worksheet Questions 1 - 10

20. Unit 1 – Income & Debt Example Problem: Peter’s gross pay is $2500. Calculate his net pay if he contributes $50 a pay period to a RPP and pays $40 for health insurance. Assignment: Net Pay Worksheet