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 Salary per Pay Period = Annual Salary Number of Pay Periods
The Road to Building Castles p. 101 Does your boss expect less from you when you become a salaried employee?
Example 1 Beth Huggins is a computer programmer. Her annual salary is $42,648. What is her monthly salary? What is her weekly salary?
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
Practice 1 Michelle Giuseffi is a police officer. Her annual salary is $40,560. What is her biweekly salary?
Practice 1 Answer $1,560
Practice 2 Colin Evans is a hotel desk clerk who earns an annual salary of $21,216. What is his weekly salary?
Practice 2 Answer $408
END OF SECTION 1-5 Salary