# College Algebra - Payroll Assignment

Topics: Expense, Payrolling, Payroll Pages: 2 (411 words) Published: August 27, 2013
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

Job 1: \$967.50 x 0.15 = \$145.13
Job 2: \$615 x 0.12 = \$73.80

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”.