Question

3. Most employers will pay their employees by directly depositing their paycheck into their checking account. According to his check account statement, John was a paid Every .
A. $200.00, 3 weeks
B. $694.81, 2 weeks
C. $300.00, 1 month
D. $100.00, 2 weeks

Answer 1

Answer: B. $694.81, 2 weeks

Explanation:

John's payment will be an amount that is deposited into his account and therefore increases it. It will also have a detail that references it to being a salary such as wages, payroll, salary etc.

Looking at the statement, you will notice that there was a payroll payment of $694.81 on October 14,2018 which would make this John's salary. Two weeks later on October 28,2018, he got another payment which means that he gets paid twice a month and the salary is $694.81.

Answer 2

The payment made to John and its duration would be as follows:

B). $694.81, 2 weeks

Account Statement

As per the account details, the payroll payment dated 14th October 2018 displays an amount of $694.81.

This amount exemplifies his salary as the other transactions demonstrate withdrawals.

On 28th October 2018, he receives another payroll deposit of the same amount i.e. $694.81.

Therefore, it can be concluded that he is paid a sum of $694.81 every two weeks.

Thus, option B is the correct answer.

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