Question

Terry earns $22,500 annually. What is the total amount of eachpaycheck if she is paid biweekly?a. $1,875b. $937.50c. $865.38d. $432.69

Answer 1

From the question;

Terry earns $22,500 annually

Snce there are 52 weeks in a year

Then

Terry earns $22,500 in 52 week

If she is paid biweekly, this means she is paid every two week

Hence in 52 weeks she will be paid

$\frac{52}{2}=26\text{ times}$

Therefore the pay check for each biweekly payment will be

$\frac{22,500^{}}{26}=865.385$

Hence, the total amount for each biweekly paycheck will be $865.38