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Match the following

Sally makes a gross annual salary of $47,000. If Sally is paid weekly, what should the gross amount of her WEEKLY PAYCHECK?
Justin earns $2,140 each month at his job. What is the amount of his ANNUAL SALARY?
Scott works as a college professor at a community college. He is paid $950 for each credit hour of classes he teaches. If he teaches a total a of 51 credit hours, how much can he expect to make ANNUALLY?
Marc was told he should expect to work a total of 205 days of the year and work 8 hours each day. He earned an annual income of $48,445.60. If this is accurate, what is Marc's effective HOURLY RATE OF PAY?
David started a job as a mechanic and is being paid $13.20 an hour. The company suggested that he would be working 254 days and 8 hours each day. What should be David's GROSS ANNUAL SALARY?

Answer choices
A) $903.85
B) $31,520
C) $29.54
D) $26,822.40
E) $27.56
F) $856.25
G) $25,680
H) $48,450​

Answer :

The salary for a given period depends on the salary unit rate and the

duration of the period under consideration.

Responses:

1. A) $903.85

2. G) $25,680

3. H) $48,450

4. C) $29.54

5. D) $26,822.40

Which methods can be used to calculate the salary for a given period?

1. The weekly salary = Annual salary ÷ 52

Which gives;

Sally's weekly salary = $47,000 ÷ 52 ≈ $903.85

  • A) $903.85

2. Annual salary = Weekly salary × 12

Which gives;

Justin's annual salary = $2,140 × 12 = $25,680

  • G) $25,680

3. Annual salary = Number of credit hours × Salary per credit hour

Which gives;

Annual salary = $950 × 51 = $48,450

  • H) $48,450

4. Hourly rate = Annual income ÷ Number of hours worked

Number of hours worked = 205 days × 8 hours/day = 1,640 hours

Marc's annual income = $48,445.60

Which gives;

Hourly rate = $48,445.60 annually ÷ 1,640 hours/annum = $29.54

Marc's hourly rate = $29.54

C) $29.54

5. Annual salary = Hourly rate × Number of hours worked per year

Number of hours worked per year = 254 × 8 = 2032

Which gives;

David's annual salary = $13.20/hour × 2032 hours = $26,822.4

  • D) $26,822.40

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