BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
John’s annual salary for the last years was $44, 450, $45, 110, and $45, 685. What is his average salary for the last three years?
A
45, 880.67
B
45, 081.76
C
45, 881.63
D
45, 081.67
Explanation: 

Detailed explanation-1: -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.

Detailed explanation-2: -If you make $45 per hour, your Yearly salary would be $93, 600. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week. How much tax do I pay if I make $45 per hour?

Detailed explanation-3: -A yearly salary of $45, 000 is $21.63 per hour. This number is based on 40 hours of work per week and assuming it’s a full-time job (8 hours per day) with vacation time paid. If you get paid biweekly (once every two weeks) your gross paycheck will be $1, 731.

Detailed explanation-4: -$44.00 an hour is $88, 000 a year in annual income. If you earn an hourly wage of $44.00 an hour and work for an average of 40 hours a week for 50 weeks a year, you’ll earn a yearly salary of $88, 000. The calculation assumes 50 work weeks with an average of two weeks of holidays in a year.

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