Question

• Weekly - 52 weeks per year, 52 paychecks per year• Biweekly - every other week, 26 paychecks per year • Semimonthly - twice a month, 24 times per year Monthly - once a month, 12 times per yearQ.Your annual salary is $42,350.a.If you are paid Biweekly,how many paychecks will you receive? why?b.you opt to be paid Semimonthly. how much is your gross pay each pay period?

Answer 1

A. Biweekly you receive 26 paychecks per year, because the year have 52 weeks so the half is 26

B.

we divide by 24 because the year has 24 fortnights or semimontlhys

$\begin{gathered} \frac{42,350}{24} \\ =1,764.58 \end{gathered}$

the payment of each period is for 1764.58$