Math Essentials Chapter 1 Section 2 ­­ SALARY Pages 4 ­ 5 PAY PERIODS NUMBER OF PAYS PER YEAR Monthly à 12 Biweekly à 26 Weekly à 52 FINDING ANNUAL SALARY = Multiply A) Given MONTHLY Pay à ANNUAL SALARY = Monthly Pay × 12 B) Given BIWEEKLY Pay à ANNUAL SALARY = Biweekly Pay × 26 C) Given WEEKLY Pay à ANNUAL SALARY = Weekly Pay × 52 FINDING MONTHLY, BIWEEKLY, AND WEEKLY PAYS = Divide Annual Salary ÷ _?___ 1st à Find your ANNUAL SALARY, if it is not given. 2 nd A) MONTHLY PAY = Annual Salary ÷ 12 B) BIWEEKLY PAY = Annual Salary ÷ 26 C) WEEKLY PAY = Annual Salary ÷ 52
Examples: 1. If Susan has monthly earnings of $987, what would her annual salary be? Annual Salary = Multiply Annual Salary = $987 × 12 = $11844 ß (12 months in a year) Susan’s annual salary would be $11844 2. If Bill’s weekly earnings are $234.32, what would Bill’s annual salary be? Annual Salary = Multiply Annual Salary = $234.32 × 52 = $12184.64 ß (52 weeks in a year) Bill’s annual salary would be $12184.64 3. If Kevin’s annual salary is $32145.98, what would Kevin’s biweekly pay be? Biweekly = Annual Salary ÷ 26 Biweekly = $32145.98 ÷ 26 = 1236.383846 = $1236.38 ß (biweekly = 26) Kevin’s biweekly earnings would be $1236.38 4. If Brad’s monthly earnings are $2345.97, what would Brad’s weekly pay be? Weekly = Annual Salary ÷ 52 ß (52 weeks in a year) 1 st find annual salary. Annual salary = multiply. Annual Salary = $2345.97 × 12 ß (12 months in a year) = $28151.64 Weekly Pay = Annual Salary ÷ 52 = $28151.64 ÷ 52 = 541.3776923 = $541.38 Brad’s weekly pay would be $541.38
ß (52 weeks in the year)