Wages and Salary Math

Front

What is the formula to calculate weekly salary from annual salary?

Back

Weekly Salary = Annual Salary / 52

Front

If an employee earns $20 per hour and works 40 hours a week, what is their weekly pay?

Back

Weekly Pay = Hourly Rate x Hours Worked = $20 x 40 = $800

Front

What is a salary?

Back

A fixed amount of money paid to an employee, usually on a monthly or semi-monthly basis, often quoted annually.

Front

How do you calculate monthly salary from weekly salary?

Back

Monthly Salary = Weekly Salary x 4 (approx.)

Front

If an employee works 30 hours at $12 per hour, what is their gross pay?

Back

Gross Pay = Hourly Rate x Hours Worked = $12 x 30 = $360

Front

What is gross pay?

Back

The total amount earned by an employee before any deductions such as taxes or benefits.

Front

If Chris makes $200,000 a year, how much does he make a week?

Back

$3,846 (calculated as $200,000 / 52)

Front

What is the difference between salary and hourly wage?

Back

Salary is a fixed amount paid regularly, while hourly wage is paid based on the number of hours worked.

Front

If an employee earns $15 per hour and works 45 hours in a week, what is their gross pay?

Back

Gross Pay = $15 x 45 = $675

Front

How much would a computer operator earning $650 per week earn in one month?

Back

$2,600 (calculated as $650 x 4)