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Section ObjectiveSection ObjectiveDetermine:

• salary per pay period

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salary (p. 101)

A fixed amount of money earned on a regular basis, received weekly, biweekly, semimonthly, or monthly.

Key Words to KnowKey Words to Know

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Salary per Pay Period = Annual SalaryNumber of Pay Periods

FormulaFormula

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The Road to Building Castles p. 101The Road to Building Castles p. 101

Does your boss expect less from you when you become a salaried employee?

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Beth Huggins is a computer programmer. Her annual salary is $42,648.

What is her monthly salary?

What is her weekly salary?

Example 1Example 1

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Step: Find the salary per pay period.

Monthly: $42,648.00 ÷ 12 = $3,554.00

Weekly: $42,648.00 ÷ 52 = 52 = $820.15 $820.15

Example 1 AnswerExample 1 Answer

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Michelle Giuseffi is a police officer. Her annual salary is $40,560.

What is her biweekly salary?

Practice 1Practice 1

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$1,560

Practice 1 AnswerPractice 1 Answer

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Colin Evans is a hotel desk clerk who earns an annual salary of $21,216.

What is his weekly salary?

Practice 2Practice 2

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$408

Practice 2 AnswerPractice 2 Answer

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