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Salary

SECTION 1-5. pp. 101-102. Salary. Section Objective. Determine: salary per pay period. Key Words to Know. salary (p. 101) A fixed amount of money earned on a regular basis, received weekly, biweekly, semimonthly, or monthly. Formula. Annual Salary Number of Pay Periods.

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Salary

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  1. SECTION 1-5 pp. 101-102 Salary

  2. Section Objective Determine: • salary per pay period

  3. Key Words to Know salary (p. 101) A fixed amount of money earned on a regular basis, received weekly, biweekly, semimonthly, or monthly.

  4. Formula Annual Salary Number of Pay Periods Salary per Pay Period =

  5. The Road to Building Castles p. 101 Does your boss expect less from you when you become a salaried employee?

  6. Example 1 Beth Huggins is a computer programmer. Her annual salary is $42,648. What is her monthly salary? What is her weekly salary?

  7. Example 1 Answer Step: Find the salary per pay period. Monthly: $42,648.00÷12 = $3,554.00 Weekly: $42,648.00 ÷ 52 = $820.15

  8. Practice 1 Michelle Giuseffi is a police officer. Her annual salary is $40,560. What is her biweekly salary?

  9. Practice 1 Answer $1,560

  10. Practice 2 Colin Evans is a hotel desk clerk who earns an annual salary of $21,216. What is his weekly salary?

  11. Practice 2 Answer $408

  12. END OF SECTION 1-5 Salary

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