1. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 1 of 12 1-5 Section Objective Determine: salary per pay period

2. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 2 of 12 1-5 salary (p. 101) A fixed amount of money earned on a regular basis, received weekly, biweekly, semimonthly, or monthly. Key Words to Know

3. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 3 of 12 1-5 Salary per Pay Period = Annual Salary Number of Pay Periods Formula

4. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 4 of 12 1-5 How many pay periods per year are there???? Weekly – 52 Biweekly – 26 Semimonthly – 24 Monthly - 12

5. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 5 of 12 1-5 Beth Huggins is a computer programmer. Her annual salary is $42,648. What is her monthly salary? What is her weekly salary? Example 1

6. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 6 of 12 1-5 Step: Find the salary per pay period. Monthly: $42,648.00 ÷ 12 = $3,554.00 52 = $820.15 Weekly: $42,648.00 ÷ 52 = $820.15 Example 1 Answer

7. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 7 of 12 1-5 Michelle Giuseffi is a police officer. Her annual salary is $40,560. What is her biweekly salary? Practice 1

8. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 8 of 12 1-5 $1,560 Practice 1 Answer

9. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 9 of 12 1-5 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 2

10. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 10 of 12 1-5 Weekly - $408 Biweekly - $816 Monthly - $1768 Semimonthly - $884 Practice 2 Answer

11. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 5, Slide 11 of 12 1-5 CLASSWORK PAGE 102 # 3 - 12