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anyanavicka [17]
3 years ago
9

If your gross pay is $1500 each pay period, and you are paid semimonthly, what is your yearly gross pay?

Business
1 answer:
Ronch [10]3 years ago
8 0

Answer:

$39,000

Explanation:

Ideally, we'd know if every pay period is 2 weeks, but that's pretty standard. They say semimonthly because if you look at a calendar over a year, there are a couple of months where you will have 3 paychecks.

So. 52 weeks/year, divided into 2-week pay periods = 26 pay periods/year.

26 x 1,500 = 39,000

Please let me know if you have any questions about this.

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