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# Salary

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## Salary

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1. SECTION 1-5 pp. 101-102 Salary

2. Section Objective Determine: • salary per pay period

3. Key Words to Know salary (p. 101) A fixed amount of money earned on a regular basis, received weekly, biweekly, semimonthly, or monthly.

4. Formula Annual Salary Number of Pay Periods Salary per Pay Period =

5. The Road to Building Castles p. 101 Does your boss expect less from you when you become a salaried employee?

6. Example 1 Beth Huggins is a computer programmer. Her annual salary is \$42,648. What is her monthly salary? What is her weekly salary?

7. 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

8. Practice 1 Michelle Giuseffi is a police officer. Her annual salary is \$40,560. What is her biweekly salary?

9. Practice 1 Answer \$1,560

10. Practice 2 Colin Evans is a hotel desk clerk who earns an annual salary of \$21,216. What is his weekly salary?

11. END OF SECTION 1-5 Salary