Question: Directions: Analyze each situation carefully and answer the questions that follow. Write your proper solution and final answer on a whole sheet of paper to earn full credit for each item.
1. Carla works full-time and gets paid ₱48,500 semi-monthly. Determine her gross annual earnings. (3 points)
1. **Problem:** Carla earns ₱48,500 semi-monthly. Find her gross annual earnings.
2. **Formula:** Annual earnings = Semi-monthly pay \( \times \) Number of semi-monthly periods in a year.
3. **Important rule:** There are 12 months in a year, so semi-monthly means twice a month, or 24 pay periods per year.
4. **Calculation:**
$$\text{Annual earnings} = 48,500 \times 24$$
5. Multiply:
$$48,500 \times 24 = 1,164,000$$
6. **Answer:** Carla's gross annual earnings are \$1,164,000\.