Jack was hired as a computer analyst. His starting salary is $124,500 annually. He can choose how he would like to be paid – Weekly, biweekly, semimonthly, or monthly. a. If Jack chooses weekly, what would be his pay? b. If Jack chooses biweekly, what would be his pay? C. If Jack chooses semimonthly, what would be his pay? d. If Jock chooses monthly, what would be his pay? e. Which should Jack choose? Does it matter?

Question

28-10-2022
Mathematics

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Jack was hired as a computer analyst. His starting salary is $124,500 annually. He can choose how he would like to be paid – Weekly, biweekly, semimonthly, or monthly. a. If Jack chooses weekly, what would be his pay? b. If Jack chooses biweekly, what would be his pay? C. If Jack chooses semimonthly, what would be his pay? d. If Jock chooses monthly, what would be his pay? e. Which should Jack choose? Does it matter?

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ReagynJ787634 ReagynJ787634 · Answer 1 · 2022-10-28T00:17:56+02:00

Jack was hired as a computer analyst. His starting salary is $124,500 annually. He can choose how he would like to be paid – Weekly, biweekly, semimonthly, or monthly. a. If Jack chooses weekly, what would be his pay?

b. If Jack chooses biweekly, what would be his pay?

C. If Jack chooses semimonthly, what would be his pay?

d. If Jock chooses monthly, what would be his pay?

e. Which should Jack choose? Does it matter?

we have that

His starting salary is $124,500 annually

Part a) f Jack chooses weekly, what would be his pay?

we know that

1 year=52 weeks

so

124,500/52=$2,394.23

Part b) If Jack chooses biweekly, what would be his pay?

Divide salary annually by 26 weeks

so

124,500/26=$4788.46

Part c) If Jack chooses semimonthly, what would be his pay?

Divide by 12*2=24

124,500/24=$5,187.50

Part d) If Jock chooses monthly, what would be his pay?

Divide by 12

124,500/12=$10,375

Part e) . Which should Jack choose? Does it matter?

I think doesn't matter. The total amount is the same in all cases