topic 3: earning money unit b –...
TRANSCRIPT
Topic 3: Earning money
Unit B – Workbook
ID: 20050228_02
Prevocational mathematics
Semester 1
© The State of Queensland (Department of Education, Training and the Arts) 2006
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Prevocational Mathematics 1
Topic 3 Earning money Unit B – Workbook
Exercise 1
Complete this exercise in your exercise book.
1. Josef works as a waiter in a restaurant. His earnings for
the year for this job are $22 450. Josef’s bank accounts
have earned $85 interest. Calculate his total gross
income for the year.
Source: Skelmersdale, C 2002, The nursery, Broadleigh Gardens, UK. Available Interent: <URL: www.broadleighbulbs.co.uk/.../ nursery.htm> (Accessed 15 February 2006)
2. During the last financial
year, Esme earned
$33 760 working in
a plant nursery. She
also received $1300
per month in rent from
a rental property that
she owns. Her bank
accounts earned $158 in
interest during the year.
Calculate Esme’s total
gross income for the
financial year.
3. Nemo is a university
student who works part
time in a fish and chip
shop. His earnings for
the year are $10 990.
He also makes money
by teaching saxophone
to beginner students.
During the last financial
year he earned $8860
teaching the saxophone.
His bank accounts
earned a total of $45
in interest. Calculate
Nemo’s total gross
income for the financial
year.
Source: McKenzie, W 2006, Walter McKenzie’s Surfaquarium. Available Internet: <URL: surfaquarium.com/ IT/content/music.htm> (Accessed 15 February 2006)
Check your responses
2 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
Exercise 2
Complete this exercise in your exercise book.
Hint: You may find that it helps to put the information in a
table.
1. Polly earned $31 080 in the last financial year working
as a sales assistant. The interest on her bank accounts
during this time was $76. She spent a total of $185 on
uniforms for work, and made a $50 donation to a charity.
Calculate:
(a) Polly’s total gross income
(b) Polly’s total deductions
(c) Polly’s taxable income.
2. During the last financial year, Ben worked part time in two
different jobs. His group certificates show that he earned
$10 560 for one job and $6780 for the other. Ben worked
from home on his computer for his second job and is
able to claim $276 in expenses and $310 for depreciation
of his equipment. Ben’s bank accounts earned $28 in
interest during the year. Calculate:
(a) Ben’s total gross income
(b) Ben’s total deductions
(c) Ben’s taxable income.
3. Marcus is a car salesperson. In the last financial year he
earned $41 860. He owns a rental property and is paid
$310 per week in rent. His allowable deductions for his
rental property total $24 550. Marcus’s bank accounts
earned $154 in interest. Since he uses his computer for
work purposes, Marcus is able to claim $185 in expenses
and $170 in depreciation. He also spent $250 to attend
a conference for work, and paid $185 in union dues.
Calculate Marcus’s taxable income.
Check your responses
Prevocational Mathematics 3
Topic 3 Earning money Unit B – Workbook
Exercise 3
Complete this exercise in your exercise book.
Use the tax rate table given here to complete the following
questions.
Tax rates 2005–2006
Taxable income Tax on taxable income
$0 – $6000 Nil
$6001 – $21 600 15c for each $1 over $6000
$21 601 – $63 000 $2340 plus 30c for each $1 over $21 600
$63 001 – $95 000 $14 760 plus 42c for each $1 over $63 000
over $95 000 $28 200 plus 47c for each $1 over $95 000
1. Jason has calculated that his taxable income for the last
financial year is $41 098. Calculate Jason’s income tax
due.
2. Siobahn’s total gross income last financial year was
$74 761. Her total allowable deductions were $2 854.
Calculate:
(a) Siobahn’s taxable income
(b) Siobahn’s income tax due.
3. During the last financial year, Anton earned $27 994 for
his job in the feedlot. During this time his bank accounts
earned $42 in interest and he paid $235 in union fees.
Other deductions for work-related expenses totalled
$381. Calculate:
(a) Anton’s taxable income.
(b) Anton’s income tax due.
Check your responses
4 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
Exercise 4
Complete this exercise in your exercise book.
Taxable income Tax on taxable income
$0 – $6000 Nil
$6001 – $21 600 15c for each $1 over $6000
$21 601 – $63 000 $2340 plus 30c for each $1 over $21 600
$63 001 – $95 000 $14 760 plus 42c for each $1 over $63 000
over $95 000 $28 200 plus 47c for each $1 over $95 000
1. Oscar has calculated that his taxable income for the last
financial year is $32 907. He has paid $7089 in income
tax. Calculate:
(a) Oscar’s income tax due
(b) his Medicare levy
(c) his tax refund, or how much extra tax will he have to
pay.
2. Dwane’s total income last financial year was $67 004.
He paid $17 952 in income tax and his total allowable
deductions were $2019. Calculate:
(a) Dwane’s taxable income
(b) his income tax due
(c) his Medicare levy
(d) his tax refund, or how much extra tax will he have to
pay.
3. During the last financial year, Eloise earned $22 089 as
a cleaner and paid $3484 in income tax. During this time
her bank accounts earned $22 in interest. Deductions for
work-related expenses totalled $176. Calculate:
(a) Eloise’s taxable income
(b) Eloise’s income tax due
(c) Eloise’s Medicare levy
Prevocational Mathematics 5
Topic 3 Earning money Unit B – Workbook
(d) her tax liability
(e) her tax refund, or how much extra tax will she have
to pay.
4. Martin is an electrician. He earned $50 334 in the last
financial year and paid $10 994 in income tax during
this time. His bank accounts earned $222 in interest.
Deductions for clothing for work totalled $376 and his
union dues were $284. Calculate Martin’s tax refund, or
how much extra tax he will have to pay.
Check your responses
6 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
Exercise 5
Complete this exercise in your exercise book.
Use the information available on the Centrelink site to answer
the following questions.
1. Austudy, ABSTUDY and Youth allowance are 3 types of
Centrelink payments available to students.
Briefly explain the differences between these three
payments. Consider:
Who is eligible?
What age limits apply?
Do you have to be studying full-time or part-time?
2. Suppose you receive a Disability Support Pension and
you have decided to do some study.
(a) What type of payment is available to you to help with
your education costs?
(b) How much would you receive per fortnight from the
payment in (a) if you are studying full-time?
3. You are single, studying full-time and receiving Austudy.
What is the maximum fortnightly payment you can
receive from Centrelink?
Check your responses
Prevocational Mathematics 7
Topic 3 Earning money Unit B – Workbook
Exercise 6
The tables in this exercise may be completed in your
workbook. All other questions should be completed in your
exercise book.
1. Ned Mumbo and Nelly Jumbo are greenkeepers at the
Gibberish Bowls Club. Ned’s job classification under
the Greenkeeping Industry Award is Greenkeeping
Employee Level 2, and Nelly is a Greenkeeping
Employee Level 5. Complete the Employer and Details
section of a timesheet (you are not required to fill in the
ABN) for:
(a) Ned
EMPLOYER AND DETAILS: WEEK ENDING: 27 / 08 / 06
Employer’s name: _________________________ ABN: _____________________
Employee’s name: _________________________
Name of award/agreement:
_________________________________________
Classification/job title under award/agreement: ________________________
(b) Nelly
EMPLOYER AND DETAILS: WEEK ENDING: 27 / 08 / 06
Employer’s name: _________________________ ABN: _____________________
Employee’s name: _________________________
Name of award/agreement:
_________________________________________
Classification/job title under award/agreement: ________________________
8 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
2. (a) In the week from Monday 21/08/06 to Sunday
27/08/06 Ned worked the following hours:
Monday to Friday: 6 a.m. to 2:45 p.m.
Ned took a 45-minute lunch break each day at
11 a.m.
Complete the section of the time sheet given below
to show Ned’s ordinary hours and his overtime hours.
Employee’s ordinary weekly hours (excluding overtime): _____ h ______ min
Day & Date
e.g.
Day Mon Date 21/3
Start time
e.g.
0830
Break unpaid
e.g. meal
Restart time
Finish time
Other times/break
Total Hours minus unpaid breaks
Day Mon Date ___/___
Day Tues Date ___/___
Day Wed Date ___/___
Day Thur Date ___/___
Day Fri Date ___/___
Day Sat Date ___/___
Day Sun Date ___/___
TOTAL:
Overtime
Day & Date
e.g.
Day Mon Date 21/3
Start time
e.g.
0830
Break unpaid
e.g. meal
Restart time
Finish time
Other times/break
Total Hours minus unpaid breaks
Day Mon Date ___/___
Day Tues Date ___/___
Day Wed Date ___/___
Day Thur Date ___/___
Day Fri Date ___/___
Day Sat Date ___/___
Day Sun Date ___/___
TOTAL:
Prevocational Mathematics 9
Topic 3 Earning money Unit B – Workbook
(b) In the same week, Nelly worked the following hours:
Tuesday to Thursday: 10 a.m. to 6 p.m.
Saturday and Sunday: 6 a.m. to 12 noon.
Nelly took a 45-minute meal break at 1:30 p.m. Tuesday
to Thursday, and at 10 a.m. on Saturday and Sunday.
Complete the following section of Nelly’s time sheet to
show her ordinary hours and her overtime hours.
Note: Remember that 15 minutes = 0.25 h;
30 min = 0.5 h; 45 min = 0.75 h.
Employee’s ordinary weekly hours (excluding overtime): _____ h ______ min
Day & Date
e.g.
Day Mon Date 21/3
Start time
e.g.
0830
Break unpaid
e.g. meal
Restart time
Finish time
Other times/break
Total Hours minus unpaid breaks
Day Mon Date ___/___
Day Tues Date ___/___
Day Wed Date ___/___
Day Thur Date ___/___
Day Fri Date ___/___
Day Sat Date ___/___
Day Sun Date ___/___
TOTAL:
Overtime
Day & Date
e.g.
Day Mon Date 21/3
Start time
e.g.
0830
Break unpaid
e.g. meal
Restart time
Finish time
Other times/break
Total Hours minus unpaid breaks
Day Mon Date ___/___
Day Tues Date ___/___
Day Wed Date ___/___
Day Thur Date ___/___
Day Fri Date ___/___
Day Sat Date ___/___
Day Sun Date ___/___
TOTAL:
10 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
3. (a) What is the penalty rate for any overtime hours
worked from Monday to Saturday? (You will need to
look up the award.)
(b) What penalty rate is paid for any overtime hours
worked on a Sunday?
(c) What is the rate of pay for any hours worked on a
Sunday?
4. (a) Ned’s normal weekly wage for a 38-hour week is
$519.90. Calculate Ned’s:
(i) normal hourly rate (to 4 decimal places)
(ii) hourly penalty rate for time-and-a-half
(iii) hourly penalty rate for double-time.
(b) Complete the Calculation schedule below for Ned.
Full time weekly wage or salary – as in award/agreement: $ 519 . 90
Ordinary time rate _____ hours @ $________/h $______ . ____
Saturday _____ hours @ $________/h $______ . ____
Sunday _____ hours @ $________/h $______ . ____
Overtime – rate 1 _____ hours @ $________/h $______ . ____
Overtime – rate 2 _____ hours @ $________/h $______ . ____
Overtime – rate 3 _____ hours @ $________/h $______ . ____
Gross pay $ _____ . ____
5. (a) Nelly’s normal weekly wage for a 38-hour week is
$599.10. Calculate Nelly’s:
(i) normal hourly rate (to 4 decimal places)
(ii) hourly penalty rate for time-and-a-half
(iii) hourly penalty rate for double-time.
Prevocational Mathematics 11
Topic 3 Earning money Unit B – Workbook
(b) Complete the Calculation schedule below for Nelly.
Full time weekly wage or salary – as in award/agreement: $ 599 . 10
Ordinary time rate _____ hours @ $________/h $______ . ____
Saturday _____ hours @ $________/h $______ . ____
Sunday _____ hours @ $________/h $______ . ____
Overtime – rate 1 _____ hours @ $________/h $______ . ____
Overtime – rate 2 _____ hours @ $________/h $______ . ____
Overtime – rate 3 _____ hours @ $________/h $______ . ____
Gross pay $ _____ . ____
Check your responses
12 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
Exercise 7
Complete this exercise in your exercise book.
Use the bus timetables provided.
1. Paul lives in Bardon and has an appointment in the city at
11:00 a.m. It takes Paul 5 minutes to walk from his home
to the bus stop. Paul allows 10 minutes to walk from the
bus stop in the city to his appointment.
(a) What is the latest bus Paul can catch to be in time for
his appointment?
(b) What time must Paul leave home to catch this bus?
Note: Not all times throughout the day are listed in
the timetable. You may use your calculator to work
out the missing times if needed.
2. Sandy lives in Paddington and works in the city. She
starts work at 8:30 a.m. and finishes at 4:30 p.m. each
day. It takes Sandy 10 minutes to walk from home to the
bus stop, and 5 minutes to walk from the City Hall bus
stop to work.
(a) What is the latest bus Sandy could catch to get to
work on time?
(b) What time should Sandy leave home to catch this
bus?
(c) What is the earliest bus Sandy could catch to go
home after work? (Assume she is able to leave work
at 4:30 p.m.)
(d) What time would Sandy arrive home if she caught
the bus in (c)?
Prevocational Mathematics 13
Topic 3 Earning money Unit B – Workbook
3. Clare lives in Bardon. She has made arrangements to
meet a friend at Stafford City shopping centre at 9:30
a.m. on Monday morning. It takes Clare about 6 minutes
to walk from her home to the nearest bus stop and she
estimates that it will take her about 5 minutes to walk
from the bus stop at the shopping centre to the coffee
shop where she has arranged to meet her friend.
(a) What is the latest bus that Clare can catch from
Bardon in order to be in time to meet her friend?
(b) What time should Clare leave her home to be in time
to catch the bus?
(c) Calculate the amount of time between when Clare
leaves home and when she meets her friend at
Stafford City.
(d) If Clare had arranged to meet her friend at 9:30 a.m.
on Saturday morning, which bus would she need to
catch?
Check your responses
14 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
Self-check answers
Exercise 1
1. total gross income = job earnings + bank interest
= $22 450 + $85
= $22 535
Josef’s total gross income for the financial year was
$22 535.
2. income from rent = monthly rent x 12
= $1300 x 12
= $15 600
total gross income = job earnings + rent + bank interest
= $33 760 + $15 600 + $158
= $49 518
Esme’s total gross income for the financial year was
$49 518.
3. income from jobs = $10 990 + $8860
= $19 850
total gross income = job earnings + bank interest
= $19 850 + $45
= $19 895
Prevocational Mathematics 15
Topic 3 Earning money Unit B – Workbook
Exercise 2
1. (a) total gross income = job income + interest
= $31 080 + $76
= $31 156
Polly’s total gross income is $31 156.
(b) total deductions = cost of uniforms + donations
= $185 + $50
= $235
Polly’s deductions total $235.
(c) taxable income = total gross income – deductions
= $31 156 – $235
= $30 921
Polly’s taxable income is $30 921.
2. (a) total gross income = job income + bank interest
= $10 560 + $6780 + $28
= $17 368
Ben’s total gross income is $17 368.
(b) total deductions = computer expenses + depreciation
= $276 + $310
= $586
Ben’s deductions total $586.
(c) taxable income = total gross income – deductions
= $17 368 – $586
= $16 782
Ben’s taxable income is $16 782.
16 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
3. rental income = weekly rent x 52
= $310 x 52
= $16 120
total gross income = job income + rent income
+ bank interest
= $41 860 + $16 120 + $154
= $58 134
total deductions = rental property deductions
+ computer expenses + depreciation
+ conference costs + union dues
= $24 550 + $185 + $170 + $250 +
$185
= $25 340
taxable income = total gross income – deductions
= $58 134 – $25 340
= $32 794
Marcus taxable income is $32 794.
Exercise 3
1. Jason’s taxable income is in the third tax bracket.
dollars over $21 600 = taxable income – $21 600
= $41 098 – $21 600
= $19 498
tax on dollars over $21 600 = $0.30 x number of dollars
over $21 600
= $0.30 x 19 498
= $5489.40
Prevocational Mathematics 17
Topic 3 Earning money Unit B – Workbook
income tax due = $2340 + tax on amount over $21 600
= $2340 + $5489.40
= $8189.40
Jason’s income tax due is $8190.40.
2. (a) taxable income = total gross income – deductions
= $74 761 – $2854
= $71 907
Siobahn’s taxable income is $71 907.
(b) Siobahn’s taxable income is in the fourth tax bracket.
dollars over $63 000 = taxable income – $63 000
= $71 907 – $63 000
= $8907
tax on dollars over $63 000 = $0.42 x number of
dollars over $63 000
= $0.42 x 8907
= $3740.94
income tax due = $14 760 + tax on dollars
over $63 000
= $14 760 + $3740.94
= $18 500.94
Siobahn’s income tax due is $18 500.90.
18 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
3. (a) total gross income = job earnings + interest
= $27 994 + $42
= $28 036
total deductions = union dues + other deductions
= $235 + $381
= $616
taxable income = total gross income – deductions
= $28 036 – $616
= $27 420
Anton’s taxable income is $27 420.
(b) Anton’s taxable income is in the third tax bracket.
dollars over $21 600 = taxable income – $21 600
= $27 420 – $21 600
= $5820
tax on dollars over $21 600 = $0.30 x number of
dollars over $21 600
= $0.30 x 5820
= $1746
income tax due = $2340 + tax on dollars
over $21 600
= $2340 + $1746
= $4086
Anton’s income tax due is $4086.
Prevocational Mathematics 19
Topic 3 Earning money Unit B – Workbook
Exercise 4
1. (a) Oscar’s taxable income is in the third tax bracket.
dollars over $21 600 = taxable income – $21 600
= $32 907 – $21 600
= $11 307
tax on dollars over $21 600 = $0.30 x dollars over
$21 600
= $0.30 x 11 307
= $3392.10
income tax due = $2340 + tax on dollars
over $21 600
= $2340 + $3392.10
= $5732.10
Oscar’s income tax due is $5732.10.
(b) Medicare levy = 1.5% of taxable income
= 0.015 x $32 907
= $493.605
= $493.61 (round up to nearest
whole cent)
Oscar’s Medicare levy is $493.61.
(c) tax liability = income tax due + Medicare levy
= $5732.10 + $493.61
= $6225.71
≈ $6225.70 (round down to nearest 5c)
Oscar has already paid $7089 in income tax. He is
required to pay only $6225.70, so he has paid more
tax than he needs to. He will receive a refund.
20 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
tax refund = tax already paid – tax liability
= $7089 – $6225.70
= $863.30
Oscar will receive a tax refund of $863.30.
2. (a) taxable income = total gross income – deductions
= $67 004 – $2019
= $64 985
Dwane’s taxable income is $64 985.
(b) Dwane’s taxable income is in the fourth tax bracket.
dollars over $63 000 = taxable income – $63 000
= $64 985 – $63 000
= $1985
tax on dollars over $63 000 = $0.42 x number of
dollars over $63 000
= $0.42 x 1985
= $833.70
income tax due = $14 760 + tax on amount
over $63 000
= $14 760 + $833.70
= $15 593.70
Dwane’s income tax due is $15 593.70.
(c) Medicare levy = 1.5% of taxable income
= 0.015 x $64 985
= $974.775 (round up to nearest
whole cent)
= $974.78
Dwane’s Medicare levy is $974.78.
Prevocational Mathematics 21
Topic 3 Earning money Unit B – Workbook
(d) tax liability = income tax due + Medicare levy
= $15 594 + $974.78
= $16 568.78
≈ $16 568.75 (round down to nearest 5c.)
Dwane has already paid $17 952 in income tax. He
is required to pay only $16 568.75, so he has paid
more than he needs to. He will receive a refund.
tax refund = tax already paid – tax liability
= $17 952 – $16 568.75
= $1383.25
Dwane will receive a tax refund of $1383.25.
3. (a) total income = job earnings + bank interest
= $22 089 + $22
= $22 111
taxable income = total income – deductions
= $22 111 – $176
= $21 935
Eloise’s taxable income is $21 935.
(b) Eloise’s taxable income is in the third tax bracket.
dollars over $21 600 = taxable income – $21 600
= $21 935 – $21 600
= $335
tax on dollars over $21 600 = $0.30 x number of
dollars over $21 600
= $0.30 x 335
= $100.50
22 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
income tax due = $2340 + tax on dollars
over $21 600
= $2340 + $100.50
= $2440.50
Eloise’s income tax due is $2440.50.
(c) Medicare levy = 1.5% of taxable income
= 0.015 x $21 935
= $329.025 (round up to nearest
whole cent)
= $329.03
Eloise’s Medicare levy is $329.03.
(d) tax liability = income tax due + Medicare levy
= $2440.50 + $329.03
= $2769.53 (round down to nearest 5c)
Eloise‘s tax liability is $2769.50.
(e) Eloise has already paid $3484 in income tax. She is
required to pay only $2769.50 so she has paid more
than she needs to. She will receive a refund.
tax refund = tax already paid – tax liability
= $3484 – $2769.50
= $714.50
Eloise will receive a tax refund of $714.50.
4. total income = job earnings + bank interest
= $50 334 + $222
= $50 556
Prevocational Mathematics 23
Topic 3 Earning money Unit B – Workbook
total deductions = costs for clothing + union dues
= $376 + $284
= $660
taxable income = total income – deductions
= $50 556 – $660
= $49 896
Martin’s taxable income is in the third tax bracket.
dollars over $21 600 = taxable income – $21 600
= $49 896 – $21 600
= $28 296
tax on dollars over $21 600 = $0.30 x number of dollars
over $21 600
= $0.30 x $28 296
= $8488.80
income tax due = $2340 + tax on dollars over $21 600
= $2340 + $8488.80
= $10 828.80
Medicare levy = 1.5% of taxable income
= 0.015 x $49 896
= $748.44
tax liability = income tax due + Medicare levy
= $10 828.80 + $748.44
= $11 577.24
≈ $11 577.20 (round down to
nearest 5c)
24 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
Martin has already paid $10 994 in income tax. He is
required to pay $11 577.20, so he has not paid enough.
He will have to pay extra.
extra to pay = tax liability – tax already paid
= $11 577.20 – $10 994
= $583.20
Martin will have to pay an extra $583.20 in taxes.
Exercise 5
1.
Austudy ABSTUDY Youth allowance
Australian citizenIndigenous
person
Australian
resident
Over 25 years of
age14 or more
Between 18 and
24 years of age
Studying
full-time
Studying full-
time or part-time
Studying
full-time
There are also other requirements related to income,
previous study, and any assets you may own.
2. (a) You may be eligible for the Pensioner Education
Supplement.
(b) If you are receiving the Disability Support Pension
and studying full-time, you are eligible to receive
$62.40 per fortnight on the Pensioner Education
Supplement. (Correct as at February 2006.)
Prevocational Mathematics 25
Topic 3 Earning money Unit B – Workbook
3. The maximum you can receive per fortnight is $334.70.
Note: This amount was correct in February 2006 but is
likely to alter over time – see site: http://www.centrelink.
gov.au/internet/internet.nsf/payments/pay_how_aus.
htm. (If you are keying in this URL, note that there is an
underscore _ after ‘pay’ and after ‘how’.)
Exercise 6
1. (a)
EMPLOYER AND DETAILS: WEEK ENDING: 28 / 08 / 06
Employer’s name: Gibberish Bowls Club ABN: __________________________
Employee’s name: Ned Mumbo
Name of award/agreement:
Classification/job title under award/
agreement:
Greenkeeping Industry Award Greenkeeping Employee Level 2
(b)
EMPLOYER AND DETAILS: WEEK ENDING: 28 / 08 / 06
Employer’s name: Gibberish Bowls Club ABN: __________________________
Employee’s name: Nelly Mumbo
Name of award/agreement:
Classification/job title under award/
agreement:
Greenkeeping Industry Award Greenkeeping Employee Level 5
26 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
2. (a) The first 38 hours are paid at ordinary time. Ned has worked 40 hours, so
the last 2 hours worked on Friday will be overtime.
Employee’s ordinary weekly hours (excluding overtime)
Day & Date
eg
Day Mon Date 21/3
Start time
eg
0830
Break
unpaid
eg meal
Restart time
Finish time
Other times/
break
Total
Hours minus unpaid breaks
Day Mon Date 21 / 08 0600 1100 1145 1445 8
Day Tues Date 22 / 08 0600 1100 1145 1445 8
Day Wed Date 23 / 08 0600 1100 1145 1445 8
Day Thur Date 24 / 08 0600 1100 1145 1445 8
Day Fri Date 25 / 08 0600 1100 1145 1245 6
Day Sat Date 26 / 08
Day Sun Date 27 / 08 0900 1230 1330 1600 6
TOTAL: 38
Overtime
Day & Date
eg
Day Mon Date 21/3
Start time
eg
0830
Break
unpaid
eg meal
Restart time
Finish time
Other times/
break
Total
Hours minus unpaid breaks
Day Mon Date 21 / 08
Day Tues Date 22 / 08
Day Wed Date 23 / 08
Day Thur Date 24 / 08
Day Fri Date 25 / 08 1245 1445 2
Day Sat Date 26 / 08
Day Sun Date 27 / 08
TOTAL: 2
Prevocational Mathematics 27
Topic 3 Earning money Unit B – Workbook
(b)
Note: Remember that 15 minutes = 0.25 h; 30 min = 0.5 h; 45 min = 0.75 h.
Employee’s ordinary weekly hours (excluding overtime)
Day & Date
eg
Day Mon Date 21/3
Start time
eg
0830
Break
unpaid
eg meal
Restart time
Finish time
Other times/
break
Total
Hours minus unpaid breaks
Day Mon Date 21 / 08
Day Tues Date 22 / 08 1000 1330 1415 1800 7.25
Day Wed Date 23 / 08 1000 1330 1415 1800 7.25
Day Thur Date 24 / 08 1000 1330 1415 1800 7.25
Day Fri Date 25 / 08
Day Sat Date 26 / 08 0600 1000 1045 1200 5.25
Day Sun Date 27 / 08 0600 1000 1045 1200 5.25
TOTAL: 32.25
Nelly has worked a total of 32.25 hours. She has not worked any overtime.
Overtime
Day & Date
eg
Day Mon Date 21/3
Start time
eg
0830
Break
unpaid
eg meal
Restart time
Finish time
Other times/
break
Total
Hours minus unpaid breaks
Day Mon Date 21 / 08
Day Tues Date 22 / 08
Day Wed Date 23 / 08
Day Thur Date 24 / 08
Day Fri Date 25 / 08
Day Sat Date 26 / 08
Day Sun Date 27 / 08
TOTAL:
3. (a) Any overtime hours worked from Monday to
Saturday are paid at the rate of time-and-a-half for
the first 3 hours on any one day, and at the rate of
double time for all hours after that. (See Section
6.6.2 of the award.)
28 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
(b) All overtime hours worked on a Sunday are paid at
double time. (See Section 6.6.2 of the award.)
(c) Any hours worked on a Sunday are paid at double
time. (See section 6.6.2 of the award.)
4. (a) (i) normal hourly rate = weekly wage ÷ 38
= $519.90 ÷ 38
= $13.6816
(ii) hourly penalty rate for time-and-a-half
= normal hourly rate x 1.5
= $13.6816 x 1.5
= $21.5224
(iii) hourly penalty rate for double time.
= normal hourly rate x 2
= $13.6816 x 2
= $27.3632
(b)
Full time weekly wage or salary – as in award/agreement: $ 519 . 90
Ordinary time rate 38 hours @ $ 13.6816/h $ 519 . 90
Saturday _____ hours @ $________/h $ ____ . ____
Sunday _____ hours @ $________/h $ ____ . ____
Overtime – rate 1 2 hours @ $ 21.5224/h $ 41 . 04
Overtime – rate 2 _____ hours @ $________/h $ ____ . ____
Overtime – rate 3 _____ hours @ $________/h $ ____ . ____
Gross pay $ 560 . 94
Prevocational Mathematics 29
Topic 3 Earning money Unit B – Workbook
5. (a) (i) normal hourly rate = weekly wage ÷ 38
= $599.10 ÷ 38
= $15.7658
(ii) hourly penalty rate for time-and-a-half
= normal hourly rate x 1.5
= $15.7658 x 1.5
= $23.6487
(iii) hourly penalty rate for double time
= normal hourly rate x 2
= $15.7658 x 2
= $31.5316
(b)
Full time weekly wage or salary – as in award/agreement: $ 599 . 10
Ordinary time rate 27 hours @ $ 15.7658/h $ 425 . 68
Saturday _____ hours @ $________/h $ ____ . ____
Sunday 5.25 hours @ $ 31.5316/h $ 165 . 54
Overtime – rate 1 _____ hours @ $________/h $ ____ . ____
Overtime – rate 2 _____ hours @ $________/h $ ____ . ____
Overtime – rate 3 _____ hours @ $________/h $ ____ . ____
Gross pay $ 591 . 22
30 Prevocational Mathematics
Unit B – Workbook Topic 3 Earning money
Exercise 7
1. (a) Paul needs to arrive in the city at 10:50 a.m. (10
minutes before his appointment). The latest bus that
Paul can catch to arrive in the city by or before
10:50 am is the 375 that leaves Bardon at 10:15 a.
m. and arrives in the city at 10:40 a.m.
Paul will need to catch the 10:15 a.m. bus.
(b) Paul needs to leave home 5 minutes before the
bus is due to leave. He will need to leave home at
10:10 a.m.
2. (a) Sandy needs to arrive in the city by 8:25 a.m.
(5 minutes before she is due to start work). The 374
leaves Paddington at 8:03 a.m. and arrives in the
city at 8:25 a.m. This is the latest bus Sandy can
catch to get to work on time.
(b) Sandy needs to leave home 10 minutes before the
bus leaves. She should leave home no later than
7:53 a.m.
(c) The earliest bus Sandy could catch to go home after
work is the 375 that leaves the city at 4:50 p.m.
(d) The 375 that leaves the city at 4:50 p.m. arrives
in Paddington at 5:06 p.m. Sandy then takes 10
minutes to walk home, so the earliest she would
arrive home is 5:16 p.m.
3.
(a) Clare needs to arrive at the shopping centre no later
than 9:25 a.m. (5 minutes before she is due at the
coffee shop). There is a 375 bus that leaves Bardon
at 8:10 a.m. and arrives at the Stafford shopping
centre at 9:15 a.m. This is the latest bus Clare can
catch to be in time to meet her friend.
(b) Clare needs to leave home 6 minutes before the bus
is due to leave. She should leave home no later than
8:04 a.m.
Prevocational Mathematics 31
Topic 3 Earning money Unit B – Workbook
(c) Clare leaves home at 8:04 a.m. and meets her friend
at 9:30 a.m. There is 1 h 26 min between the time
Clare leaves and the time she meets her friend.
(d) If Clare had arranged to meet her friend at
9:30 a.m. on Saturday morning, she would catch the
375 bus from Bardon at 8:10 a.m. (This would arrive
at Stafford City at 9:10 a.m.)
1 Prevocational Mathematics
Topic 3 Earning money Unit B – Bus timetable
Prevocational Mathematics 2
Unit B – Bus timetable Topic 3 Earning money
3 Prevocational Mathematics
Topic 3 Earning money Unit B – Bus timetable
Prevocational Mathematics 4
Unit B – Bus timetable Topic 3 Earning money
Sou
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ansi
nfo.
qld.
gov.
au
Prevocational Mathematics 1
Topic 3 Earning money Unit B – Rules
Rules and conversions
Conversions
Length
1 cm = 10 mm
1 m = 100 cm
1 m = 1000 mm
1 km = 1000 m
Mass
1 g = 1000 mg
1 kg = 1000 g
1 t = 1000 kg
Capacity
1 L = 1000 mL
1 kL = 1000 L
Time
1 min = 60 s
1 h = 60 min
1 day = 24 h
1 wk = 7 days
1 fortnight = 2 wk
1 yr = 52 wk
1 yr = 26 fortnights
1 yr = 12 months
1 yr = 365 days
1 leap yr = 366 days
2 Prevocational Mathematics
Unit B – Rules Topic 3 Earning money
Rules
Distance, speed and time
speed = distance
time
distance = speed × time
time = distancespeed
Perimeter and area
Perimeter Area
All polygons
P = sum of all sides
Square Square
P = 4s A = s2
Rectangle Rectangle
P = 2(L + W) A = L x W
Statistics
Mean, median and range
mean = sum of all scoresnumber of all scores
median = middle score after all scores have been placed in ascending or descending order.
middle score n + 12
th score where n = the number of scores
range = highest score – lowest score
Earning money
Gross pay, income tax and net pay
gross pay = net pay + income tax
income tax = gross pay – net pay
net pay = gross pay – income tax
Medicare levy = 1.5% of taxable income
tax liability = Medicare levy + income tax due