1. A Month of Money… With Steve
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2. Steve and money Meet Steve; he is one of Mr. O’Neill’s best friends.
Steve works at a company that designs PC videogames
The company is called ‘Instagaming Inc.’
Steve lives by himself in an apartment
Steve also needs help figuring out how to handle his money each month
Let’s help him

3. Steve’s Salary Steve makes an hourly wage
What does ‘hourly wage’ mean? Answer this on your answer sheet
Steve earns $14.50 per hour at his job at Instagaming Inc.
This month it will be very busy at Steve’s job and he will work a lot
Last month, Steve did not work as much
Let’s compare the 2 months…

4. Steve’s Salary THIS MONTH LAST MONTH Week 1: 32 hours Week 2: 36 hours
How much more money did Steve make this month than last month for his GROSS SALARY?
Explain how you would figure this out.
What does GROSS SALARY MEAN?
Answer everything on your answer sheet.

5. Steve’s Salary Deductions
Steve also has several deductions from his pay each month. If Steve works more, there are more deductions. Help Steve figure out how much his NET PAY is for both months
What are SALARY DEDUCTIONS?
What are TAXES?
What is a PENSION?
What are UNION DUES?
What is INSURANCE?
Answer everything on your answer sheet.

6. Steve’s Salary Deductions
THIS MONTH
LAST MONTH
Quebec taxes: $375.00
Canadian taxes: $250.00
Pension: $100.00
Insurance: $90.00
Union dues: $70.00
Quebec taxes: $290.00
Canadian taxes: $180.00
Pension: $75.00
Insurance: $68.00
Union dues: $52.00
How much more money did Steve make this month than last month for his NET SALARY?
Explain how you would figure this out.
What does NET SALARY MEAN?
Answer everything on your answer sheet.