1.3 Calculating Gross Income

TODAY'S AGENDA: We are learning gross income and different pay periods: weekly,
bi-weekly, semi-monthly, and monthly.

1) Fill in the table below and complete page 21.
2) Using the calendar(s) below, figure out the total number for each pay period: weekly, bi-weekly, semi-monthly, and monthly.
3) Complete pages 22, 23, 24, and 25.

VACATION PAY is money paid by an employer to employees instead of paying employees during their holidays. BI-WEEKLY every other week. SEMI-MONTHLY twice per month, often on the 15th and last day of the month.

1.3 Calculating Gross Income:

Double click your name. By tabbing the space button, fill in your information.

GROSS PAY is an employee's total earnings ($) before any deductions are taken off.
DEDUCTIONS are costs such as income tax, EI (Employment Insurace), CPP (Canada Pension Plan) that are removed from total earnings.

Ex: Jacob makes $11 an hour and works for 20 hours a week. What is his gross pay for the week?
11 x 20 = $220

Different pay periods

Using one of the calendars below, find the total number of pay periods.

WEEKLY BI-WEEKLY SEMI-MONTHLY MONTHLY

Annual salary divided by

JANUARY
M T W Th Fr Sa   Su
1 2 3 4
5 6 7 8 9 10 11
12 13 14   15 16 17 18
19 20    22 23 24 25
26 27 28 29 30 31

MAY
M T W Th Fr Sa   Su
1 2 3
4 5   6 7 8 9 10
11 12   13 14   15 16 17
18 19 20 21 22 23 24
25 26   27 28 29 30 31

SEPTEMBER
M T W Th Fr Sa   Su
1 2 3 4 5 6
7   8 9 10 11   12 13
14   15 16 17 18 19 20
21   22 23 24 25 26 27
28 29 30

FEBRUARY
M T W Th Fr Sa Su
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28

JUNE
M T W Th Fr Sa   Su
1 2 3 4   5   6 7
8 9 10 11   12   13 14
15 16 17 18 19 20 21
22 23 24 25 26   27 28
29 30

OCTOBER
M T W Th Fr Sa   Su
1 2 3 4
5 6 7 8 9 10 11
12 13 14   15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31

MARCH
M T W Th Fr   Sa Su
1 2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18   19 20 21 22
23 24 25   26 27 28 29
30 31

APRIL
M T W Th Fr Sa   Su
1 2 3 4 5
6 7 8 9 10 11 12
13 14   15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30

JULY
M T W Th Fr Sa   Su
1 2 3 4 5 6 7 8 9 10 11 12
13 14   15 16 17 18 19
20 21 22 23   24 25 26
27 28 29 30   31

AUGUST
M T W Th Fr Sa   Su
1 2
3   4 5   6 7 8 9
10   11 12   13 14   15 16
17   18 19 20 21 22 23
24    25 26   27 28 29 30
31

NOVEMBER
M T W Th Fr   Sa Su
1 2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18   19 20 21 22
23 24 25   26 27 28 29
30

DECEMBER
M T W Th Fr Sa   Su
1 2 3 4 5 6
7   8 9 10 11   12 13
14   15 16 17 18 19 20
21   22 23 24 25 26   27
28 29 30 31

TODAY'S AGENDA: We are learning gross income and different pay periods: weekly, bi-weekly, semi-monthly, and monthly.