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

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Presentation transcript:

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

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

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

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

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

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

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

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

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

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

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