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Question
- this year was mr. roberts first year on his job and total income was $663,744. mr. roberts normal hours are 40 hours a week, but he consistently worked 46 hours per week and was paid time-and-a-half overtime.
a. what is mr. roberts pay per pay period if he is paid semi - monthly?
2656
To solve for Mr. Robert's pay per semi - monthly pay period, we follow these steps:
Step 1: Determine the number of semi - monthly periods in a year
A semi - monthly pay period means that an employee is paid 2 times a month. Since there are 12 months in a year, the number of semi - monthly pay periods in a year is calculated as follows:
Number of semi - monthly periods = \(12\times2=24\)
Step 2: Calculate the pay per semi - monthly period
We know that Mr. Robert's total annual income is \(\$63,744\). To find the pay per semi - monthly period, we divide the total annual income by the number of semi - monthly periods in a year.
Let \(P\) be the pay per semi - monthly period. Then \(P=\frac{63744}{24}\)
\(63744\div24 = 2656\)
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The pay per semi - monthly pay period for Mr. Robert is \(\$2656\)