1.5 Salary (Business math)

What does salary mean?

• The amount of money you earn in a year

• When you are paid a fixed amount of money

  on a regular basis

• When you are paid on a regular basis

If you are paid weekly, how may pay periods per year is that?

• 52

• 26

• 24

• 12

If you are paid biweekly, how may pay periods per year is that?

• 52

• 26

• 24

• 12

If you are paid semimonthly, how may pay periods per year is that?

• 52

• 26

• 24

• 12

If you are paid monthly, how may pay periods per year is that?

• 52

• 26

• 24

• 12

What is the formula to calculate salary per pay period?

• annual salary / number of pay periods per year

• number of pay periods per year / annual salary

• salary per pay period x number of pay periods per year

• salary per pay period / number of pay periods per year

What is the formula to calculate annual salary?

• annual salary / number of pay periods per year

• number of pay periods per year / annual salary

• salary per pay period x number of pay periods per year

• salary per pay period / number of pay periods per year

What is the annual salary for Penny if she earns $1,265 weekly?

• $12,650

• $63,250

• $32,890

• $65,780

What is the annual salary if Dane earns $1500 biweekly?

• $18,000

• $36,000

• $39,000

• $42,000