1. Mr. Fernandez earns 28.50 per hour as an office clerk. He earns 1.75 as his rate for overtime. His regular work is 40 hours per week. He gets overtime pay if he works more than 40 hours. How much is his total earning if he works 45 hours in one week?
2. Lucy earns P1,525.00 a week. She sets aside 15% of this for savings.
How much does she save in a year? (Hint: 1 year 52 weeks)
3. Mrs. Briones has a monthly pay of 50,000.00 The with holding tax deducted from her monthly salary is P5,275.75 What is the actual pay she receives in a year?
1.
Mr. Fernandez’ total earnings in one week is 1,389.40.
Step-by-step explanation:
Word Problem (Asked)
The given problem above is asking for the total earning of Mr. Fernandez for 45 hours in one week. There are three steps to find the answer.
Find his total earning in 40 hours.
Find his total overtime earning in 5 hours.
Add the two amounts.
Given:
regular rate per hour – 28.50
overtime rate – 1.75 of his rate
regular work hour – 40 hours
overtime work hour – 5 hours
Solution;
Step 1: To find his total earning in 40 hours, multiply the number of hours by his regular rate per hour.
40 × 28.50 = 1,140
He earns 1,140 on his regular work hours.
Step 2: To find his overtime earning, we have to know his overtime rate per hour first.
1.75 × 28.50 = 49.875
His overtime rate per hour is 49.88.
Now that we know his overtime rate, let us multiply it by his overtime hours.
49.88 × 5 = 249.40
His overtime earning is 249.40.
Step 3: Add
1,140 + 249.40 = 1,389.40
Final Answer:
1,389.40
2.
Lucy saves ₱11,895.00 in a year.
Step-by-step explanation:
Money Word Problem
The problem above is asking for the total amount that Lucy earns in a year. There are two steps to find the answer.
Find how much she saves in a week by getting 15% of her weekly earnings.
Multiply the amount that she saves in a week by 52, since there are 52 weeks in a year.
Given:
Weekly earning – ₱1,525.00
Savings – 15% of her weekly salary
Number of weeks in a year – 52
Solution:
Step 1: To find the 15% of her weekly earnings, multiply her weekly earning by 0.15.
₱1,525.00 × 0.15 = ₱228.75
She saves ₱228.75 weekly.
Step 2: Multiply the amount that she saves in a week by 52.
₱228.75 × 52 = ₱11,895
Final Answer:
₱11,895
3.
The actual pay Mrs. Briones receives in a year is P536,691.00.
Step-by-step explanation:
Word Problem
The given problem above is asking for the actual pay that Mrs. Briones receives in a year. There are two steps to find the answer.
Find her actual pay in a month by subtracting the withholding tax from her monthly salary.
Multiply her actual pay in a month by 12, since there are 12 months in a year.
Given:
Monthly pay – ₱50,000.00
Withholding tax monthly – ₱5,275.75
Solution:
Step 1:
₱50,000.00
– ₱5,275.75
₱44,724.25
Step 2:
₱44,724.25 × 12 = ₱536,691
Final Answer:
₱536,691.00
#CarryOnLearning
References:
https://brainly.ph/question/5138430
https://brainly.ph/question/5263419
https://brainly.ph/question/5047375
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