SECTION 1-5 Salary pp. 101-102.

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Presentation transcript:

SECTION 1-5 Salary pp. 101-102

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

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

Homework Pg. 102: 1-17