College Algebra - Payroll Assignment
Week 6 Teamwork Assignment
Task #1: Weekly pay before deductions or expenses
Job 1: $50,310 / 52 week in a year = $967.50
Job 2: 6 hours a day x 5 days a week x $20.50 = $615.00
Task #2: Weekly payroll deductions Job 1: $967.50 x 0.15 = $145.13 Job 2: $615 x 0.12 = $73.80
Task #3: Weekly job-related expenses Job 1: Daycare: $175.00 After school program: $75.00 Clothing: $25.00 Other work-related expenses: $50.00 Transportation: $0.35 x 45 x 5 =$78.75
TOTAL WEEKLY JOB-RELATED EXPENSES FOR JOB 1: $403.75
Job 2: I want to clarify something for task #3 in this activity. The textbook states that at the part-time job, the daycare, after-school program, and other expenses will all be reduced by $25 per week. That statement is not completely accurate. The clothing expenses for job#2 will remain $25 each week. All of the other expenses mentioned will reduce by $25 each week.
Daycare: $150.00 After school program: $50.00 Clothing: $25.00 Other work-related expenses: $25.00 Transportation: $0.35 x 5 x 5 = $8.75
TOTAL WEEKLY JOB-RELATED EXPENSES FOR JOB 2: $258.75
Task 4: How much money is left after deductions and expenses are subtracted from the weekly pay?
Job 1:
$967.50 (Weekly pay) - $145.13 (Payroll deduction) - $403.75 (Job-related expenses) = $418.62
Job 2:
$615.00 (Weekly pay) - $73.80 (Payroll deduction) - $258.75 (Job-related expenses) = $282.45
Task 5: What is the “real hourly wage”? Make sure you include the total time spent working and commuting.
Job 1: $418.62 / 50 (45 + 5) (Hours at work + commute time) ≈ $8.37
Job 2: $282.45 / 31 (30 + 1) (Hours at work + commute time) ≈ $9.11 Task 6: Which job has the higher “real hourly wage”?
Job 2 has the higher “real hourly wage”.
Task #1: Weekly pay before deductions or expenses
Job 1: $50,310 / 52 week in a year = $967.50
Job 2: 6 hours a day x 5 days a week x $20.50 = $615.00
Task #2: Weekly payroll deductions Job 1: $967.50 x 0.15 = $145.13 Job 2: $615 x 0.12 = $73.80
Task #3: Weekly job-related expenses Job 1: Daycare: $175.00 After school program: $75.00 Clothing: $25.00 Other work-related expenses: $50.00 Transportation: $0.35 x 45 x 5 =$78.75
TOTAL WEEKLY JOB-RELATED EXPENSES FOR JOB 1: $403.75
Job 2: I want to clarify something for task #3 in this activity. The textbook states that at the part-time job, the daycare, after-school program, and other expenses will all be reduced by $25 per week. That statement is not completely accurate. The clothing expenses for job#2 will remain $25 each week. All of the other expenses mentioned will reduce by $25 each week.
Daycare: $150.00 After school program: $50.00 Clothing: $25.00 Other work-related expenses: $25.00 Transportation: $0.35 x 5 x 5 = $8.75
TOTAL WEEKLY JOB-RELATED EXPENSES FOR JOB 2: $258.75
Task 4: How much money is left after deductions and expenses are subtracted from the weekly pay?
Job 1:
$967.50 (Weekly pay) - $145.13 (Payroll deduction) - $403.75 (Job-related expenses) = $418.62
Job 2:
$615.00 (Weekly pay) - $73.80 (Payroll deduction) - $258.75 (Job-related expenses) = $282.45
Task 5: What is the “real hourly wage”? Make sure you include the total time spent working and commuting.
Job 1: $418.62 / 50 (45 + 5) (Hours at work + commute time) ≈ $8.37
Job 2: $282.45 / 31 (30 + 1) (Hours at work + commute time) ≈ $9.11 Task 6: Which job has the higher “real hourly wage”?
Job 2 has the higher “real hourly wage”.