Question

• Weekly - 52 weeks per year, 52 paychecks per year • Biweekly - every other week, 26 paychecks per year • Semimonthly - twice a month, 24 times per year Monthly - once a month, 12 times per year Q.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 choose weekly, what would be his pay?b.If Jock choose biweekly ,what would be.hos pay

Answer 1

ANSWER

a. $2394.23

b. $4788.46

EXPLANATION

We have that Jack was hired as a computer analyst and his annual salary is $124,500.

a. If he chooses to be paid weekly, then to find his weekly pay, we have to divide the annual salary by 52 (since there are 52 weeks in a year).

So, his weekly pay is:

$\text{Pay =}\frac{124500}{52}\text{ = \ 2394.23}$

b. If he chooses to be paid biweekly, then to find his biweekly pay, we have to divide the annual salary by 26.

So, his biweekly pay is:

$\text{Pay = }\frac{124500}{26}\text{ = \ 4788.46}$