BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$517.375
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$516.375
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$516.380
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$517.380
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Detailed explanation-1: -$15 hourly is how much per week? If you make $15 per hour, your Weekly salary would be $600.
Detailed explanation-2: -First, determine the total number of hours worked by multiplying the hours per week by the number of weeks in a year (52). Next, divide this number from the annual salary. For example, if an employee has a salary of $50, 000 and works 40 hours per week, the hourly rate is $50, 000/2, 080 (40 x 52) = $24.04.
Detailed explanation-3: -If you generally worked five days per week, your AWW will be set by dividing your total salary by the total number of days paid, then multiplying the result by 260, and dividing that total by 52.
Detailed explanation-4: -To calculate an annual salary, multiply the gross pay (before tax deductions) by the number of pay periods per year. For example, if an employee earns $1, 500 per week, the individual’s annual income would be 1, 500 x 52 = $78, 000.