Financial Final Semester 1

Front

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

Back

Annual Salary = Monthly Salary x 12

Front

If a person earns $4,600 a month, what are their total annual earnings?

Back

$55,200

Front

How do you calculate weekly earnings from an annual salary?

Back

Weekly Earnings = Annual Salary / 52

Front

If Arturo makes an annual salary of $58,000, how much does he make in one week?

Back

$1,115

Front

What is net pay?

Back

The amount of your paycheck AFTER deductions like taxes, insurance, and retirement savings have been taken out.

Front

What is gross pay?

Back

The amount of your paycheck BEFORE any deductions have been taken out.

Front

How do you calculate weekly wage from hourly wage?

Back

Weekly Wage = Hourly Wage x Hours Worked per Week

Front

If a customer service representative earns $13 an hour and works 52 hours a week, what is his weekly wage?

Back

$676

Front

What is the difference between gross pay and net pay?

Back

Gross pay is the total earnings before deductions; net pay is what you take home after deductions.

Front

If Jon is making $4,600 a month racing, how much does he make in 1 year?

Back

$55,200