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

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