Understanding Pay Period Conversions

What are the most common pay periods for employees?

• Daily, Weekly, Monthly, Yearly

• Weekly, Bi-Weekly, Semi-Monthly, Monthly

• Weekly, Monthly, Quarterly, Yearly

• Hourly, Daily, Weekly, Monthly

How do you calculate yearly earnings from weekly pay?

• Multiply weekly pay by 4

• Multiply weekly pay by 26

• Multiply weekly pay by 12

• Multiply weekly pay by 52

To convert weekly earnings to monthly earnings, what is the first step?

• Divide weekly earnings by 52

• Multiply weekly earnings by 12

• Multiply weekly earnings by 52

• Divide weekly earnings by 4

How many paychecks does an employee receive in a year if they are paid bi-weekly?

• 26

• 24

• 52

• 12

What is the formula to convert bi-weekly earnings to monthly earnings?

• Bi-weekly earnings times 26 divided by 12

• Bi-weekly earnings divided by 2

• Bi-weekly earnings times 12

• Bi-weekly earnings times 2

How many paychecks are received in a year if paid semi-monthly?

• 12

• 52

• 24

• 26

To convert semi-monthly earnings to weekly earnings, what is the final step?

• Divide by 52

• Divide by 12

• Multiply by 52

• Multiply by 24

How do you calculate yearly earnings from monthly pay?

• Multiply monthly pay by 12

• Multiply monthly pay by 52

• Multiply monthly pay by 24

• Multiply monthly pay by 26

What is the first step in converting monthly earnings to weekly earnings?

• Convert monthly earnings to yearly earnings

• Divide monthly earnings by 4

• Multiply monthly earnings by 12

• Multiply monthly earnings by 52

If someone earns $2733 monthly, what is their approximate weekly earning?

• $630.69

• $2,733.00

• $273.30

• $52.60