SECTION Copyright © Glencoe/McGraw- Hill MBA, Section 1- 5, Slide 1 of 12 1- 5 Section Objective Section Objective Determine: • salary per pay period
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Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 1 of 12
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Section ObjectiveSection ObjectiveDetermine:
• salary per pay period
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Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 2 of 12
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salary (p. 101)
A fixed amount of money earned on a regular basis, received weekly, biweekly, semimonthly, or monthly.
Key Words to KnowKey Words to Know
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Salary per Pay Period = Annual SalaryNumber of Pay Periods
FormulaFormula
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How many pay periods per year are there????How many pay periods per year are there????
Weekly – 52Weekly – 52Biweekly – 26Biweekly – 26Semimonthly – 24Semimonthly – 24Monthly - 12Monthly - 12
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Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 5 of 12
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Beth Huggins is a computer programmer. Her annual salary is $42,648.
What is her monthly salary?
What is her weekly salary?
Example 1Example 1
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Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 6 of 12
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Step: Find the salary per pay period.
Monthly: $42,648.00 ÷ 12 = $3,554.00
Weekly: $42,648.00 ÷ 52 = 52 = $820.15 $820.15
Example 1 AnswerExample 1 Answer
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Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 7 of 12
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Michelle Giuseffi is a police officer. Her annual salary is $40,560.
What is her biweekly salary?
Practice 1Practice 1
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Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 8 of 12
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$1,560
Practice 1 AnswerPractice 1 Answer
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Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 9 of 12
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Colin Evans is a hotel desk clerk who earns an annual salary of $21,216.
What is his weekly salary?
What is his biweekly salary?
What is his monthly salary?
What is his bimonthly salary?
Practice 2Practice 2
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Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 10 of 12
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Weekly - $408
Biweekly - $816
Monthly - $1768
Semimonthly - $884
Practice 2 AnswerPractice 2 Answer
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Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 11 of 12
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CLASSWORK CLASSWORK PAGE 102PAGE 102
# 3 - 12# 3 - 12
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