BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

Solutions

Chapter
Section
BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Calculate the gross earnings per pay period for the following pay schedules.

Annual Salary Monthly Semimonthly Biweekly Weekly

____________________________________________________________________

$15,000 $1,250.00 $625.00 $576.92 $288.46

_________ _______ _______ ________

To determine

To calculate: The amount for monthly, semimonthly, biweekly and weekly gross earnings when annual salary is $15,000.

Explanation

Given Information:

The provided annual salary is $15,000.

Formula used:

To determine amount of gross pay per period:

Monthly pay = Annual Salary÷12Semimonthly pay = Annual Salary÷24Biweekly pay = Annual Salary÷26Weekly pay = Annual Salary÷52

Calculation:

Consider the annual salary, $15,000.

Now, to find monthly pay divide the annual salary by 12.

Monthly pay =AnnualSalary12=15,00012=1,250

So, the monthly pay is $1250.

Now to find semimonthly pay divide annual salary by 24.

Semimonthly pay =AnnualSalary12=15,00024=625

So, the semimonthly pay is $625

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

Find the distance between (2, 4) and (6, 8).

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Find all possible real solutions of each equation in Exercises 3144. x3x25x+5=0

Finite Mathematics and Applied Calculus (MindTap Course List)

Use your compass and straightedge to bisect EF.

Elementary Geometry for College Students

True or False:

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th