Question

Margaret's biweekly salary is $3,148.08. Her employer is switching her pay schedule to semimonthly, but no annual salaries are changing. What will be Margaret's semimonthly salary? Step 1: Annual Salary = Biweekly Paycheck x # of Paychecks Step 2: Semimonthly Salary Annual Salary # of Paychecks

Answer 1

The equation that determine the annual salary is:

$\text{Annual salary = Biweekly paycheck }\cdot\text{ \# of paychecks}$

So for the semimonthly will have the time reduce by the halvo so:

$\begin{gathered} \text{Semimonthly salary = Annual salary / 2} \\ \text{Semimonthly salary = (Biweekly paycheck }\cdot\text{ \# of paychecks) / 2} \end{gathered}$