Final answer:
1. Chris's gross pay per pay period is $2,000. 2. John's annual pay is $1,550,800. 3. Sondy's annual salary is $39,000. 4. Jackie's monthly salary is $5,450.
Step-by-step explanation:
1. Chris makes $48,000 a year. He is paid semi-monthly. To calculate his gross pay per pay period, we divide his annual salary by the number of pay periods in a year. Since he is paid semi-monthly, there are 24 pay periods in a year (12 months x 2 pay periods per month). So, the formula to calculate his gross pay per pay period is:
Gross Pay Per Pay Period = Annual Salary / Number of Pay Periods
Plugging in the given values, we get:
Gross Pay Per Pay Period = $48,000 / 24 = $2,000
Therefore, Chris's gross pay per pay period is $2,000.
2. John earns $59,800 a year. He is paid bi-weekly. To calculate his annual pay, we multiply his bi-weekly pay by the number of pay periods in a year. Since he is paid bi-weekly, there are 26 pay periods in a year (52 weeks / 2 weeks per pay period). So, the formula to calculate his annual pay is:
Annual Pay = Bi-Weekly Pay * Number of Pay Periods
Plugging in the given values, we get:
Annual Pay = $59,800 * 26 = $1,550,800
Therefore, John's annual pay is $1,550,800.
3. If Sondy's gross pay is $750 weekly, her annual salary can be calculated by multiplying her weekly pay by the number of weeks in a year. Since there are 52 weeks in a year, the formula to calculate her annual salary is:
Annual Salary = Weekly Pay * Number of Weeks
Plugging in the given values, we get:
Annual Salary = $750 * 52 = $39,000
Therefore, Sondy's annual salary is $39,000.
4. To calculate Jackie's monthly salary, we divide her annual gross pay by the number of months in a year. Since there are 12 months in a year, the formula to calculate her monthly salary is:
Monthly Salary = Annual Gross Pay / Number of Months
Plugging in the given values, we get:
Monthly Salary = $65,400 / 12 = $5,450
Therefore, Jackie's monthly salary is $5,450.