1. Chris makes $48,000 a year. He is paid semi-monthly. What is his gross pay per pay period?
Semi-monthly means he is being paid 2 times a month.
Since there are 12 months in a year so the total number of periods will be
2×12 = 24
So the pay per period will be
[tex]\frac{\$48,000}{24}=\$2,000[/tex]Therefore, Chris's gross pay per period is $2,000
2. John earns $59,800 a year. He is paid bi-weekly. What is his annual pay?
Bi-weekly means he is being paid 2 times a week.
Since there are 52 weeks in a year so the total number of periods will be
2×52 = 104
So the annual pay is
[tex]\frac{\$59,800}{104}=\$575[/tex]Therefore, John's annual pay is $575
3. If Sondy's gross pay is $750 weekly, what is her annual salary?
Since there are 52 weeks in a year
So the annual salary is
[tex]\$750\times52=\$39,000[/tex]Therefore, Sondy's annual salary is $39,000
4. What is Jackie's monthly salary if her annual gross pay is $65,400?
Since there are 12 months in a year
Monthly salary will be
[tex]\frac{\$65,400}{12}=\$5,450[/tex]Therefore, Jackie's monthly salary is $5,450