   Chapter 9.I, Problem 4RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### 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_________________________________________________________________$21,600$1,800,00 $900.00$830.77 $415.38______ _______ ________ _______ To determine To calculate: The amount for annual, semimonthly, biweekly and weekly gross earnings when monthly salary is$1,800.

Explanation

Given Information:

The provided monthly salary is $1,800. 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 monthly salary,$1,800.

Now, to find annual pay multiply monthly salary by 12.

AnnualSalary=MonthlyPay×12=$1,800×12=$21,600

So, the annual pay is $21,600. Now, consider annual salary,$21,600.

To find semimonthly pay divide annual salary by 24.

SemimonthlyPay=AnnualSalary24=$21,60024=$900

So, the semimonthly pay is \$900

### 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 