Answer:
c. $19,813.56
Explanation:
Given:
• Lisa receives a net pay of $619.06 biweekly.
,• $143 is withheld from her pay each pay period.
We are required to find her annual gross salary.
First, determine her gross salary for each pay period.
[tex]\begin{gathered} \text{Gross Salary}=\text{Net Pay+Deduction} \\ =619.06+143 \\ =\$762.06 \end{gathered}[/tex]Next, determine the number of payment periods.
[tex]\begin{gathered} \text{Lisa is paid biwe}ekly,\text{ that is every 2 weeks.} \\ The\text{ number of weeks in a year}=52 \\ \text{Therefore:} \\ \text{The number of payment periods}=\frac{52}{2}=26 \end{gathered}[/tex]Finally, multiply her gross salary per period by the number of periods to get her annual gross salary.
[tex]\begin{gathered} \text{Gross annual salary}=26\times762.06 \\ =\$19,813.56$ \end{gathered}[/tex]Lisa's annual gross salary is $19,813.56.
Option C is correct.
