An employee at a nuclear power plant in New York has an annual salary of $143 000 and is paid every two weeks. The employee works twenty days in a month, five days in a week, and eight hours in a day. (Assume 2 in o year) a) What is the gross pay per pay period? b) What is the employee's hourly rate of pay?
Answers
Answer:
1785 dollars her hour
Step-by-step explanation:
divide by 2. divide by 5. divide by 8 you will get the answer
Given: An employee at a nuclear power plant in New York has an annual salary of $143 000 and is paid every two weeks.
The employee works twenty days in a month, five days in a week, and eight hours in a day.
(Assume 52 weeks in a year)
To Find :
a) What is the gross pay per pay period?
b) What is the employee's hourly rate of pay?
Solution:
Annual salary = $143 000
52 weeks in a year
=> Salary of 52 weeks = $143 000
=> Salary of 1 week = $143 000/52
=> Salary of 1 week = $ 2750
five days in a week
=> Salary of 5 Days = $ 2750
=> Salary of 1 Day = $ 2750 /5
=> Salary of 1 Day = $ 550
eight hours in a day.
=> Salary of 8 hrs = $ 550
=> Salary of 1 hr = $ 550/8
=> Salary of 1 hr = $ 68.75
gross pay per pay period = $ 550
employee's hourly rate of pay = $ 68.75
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