Question

Mary gets an annual salary of $56,780. if she is paid semimonthly, what is the amount of her semimonthly gross pay?

Answer 1

The answer is 2,365.83

Answer 2

 There are 52 weeks in a year. Being paid biweekly means being paid every other week, or 26 times a year. 

$567.20 * 26 

There are 12 months in a year. If Mary is paid semimonthly, she is paid twice a month, or 24 times a year. 

$56,780 / 24