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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

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

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

Annual Salary Monthly Semimonthly Biweekly Weekly

____________________________________________________________________________

$44,200 __________ _________ _________ ___________

To determine

To calculate: The amount for monthly, semimonthly, biweekly and weekly gross earnings when annual salary is $44,200.

Explanation

Given Information:

The provided annual salary is $44,200.

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

To divide whole numbers:

Step 1: Select the group of digits in the dividend from left that the divisor divides at least once. After dividing put the partial quotient above the last digit in that group.

Step 2: Multiply the divisor to the partial quotient. Write it below the selected group of digits and subtract.

Step 3: Write down the next digit from the dividend which is after the selected group.

Step 4: Repeat the above steps until all the digits in the dividend are divided.

Calculation:

Consider the annual salary,

$44,200

Now to find monthly pay apply the formula and divide annual salary by 12,

First select the group of digits, 44 in the dividend from left that 12 divides at 3, and put the partial quotient 3 above the last digit of 44,

123      44200

Now multiply the divisor to the partial quotient 3 and write it below 44 and then subtract,

123      4420036_  8

Now write down the next digit from the dividend,

123      4420036_  82

Now repeat the above steps until all the digits in the dividend are divided,

123683.33344200.00036_  82  72_  100    96_      40      36_        40        36_          40          36_            40            36_              4

Round off 3,683.333 to hundredths, 3,683.333=3,683.33.

So, the monthly pay is $3,683.33.

Now to find semimonthly pay apply the formula and divide annual salary by 24,

First select the group of digits, 44 in the dividend from left that 24 divides at 1, and put the partial quotient 1 above the last digit of 44,

241      44200

Now multiply the divisor to the partial quotient 1 and write it below 44 and then subtract,

241      4420024_20

Now write down the next digit from the dividend,

241      4420024_202

Now repeat the above steps until all the digits in the dividend are divided,

241841

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