1 Answer

Coolest · Answer 1 · 2020-01-19T03:31:23+0000

Annual salary of Mrs. Santos is
$\$60805.2$

Solution:

Given that

Mrs. Santos is paid semi-monthly.

Semimonthly salary of Mrs. Santos =
$\$2,533.55$

Semi month = half of months

$\Rightarrow$ 2 semi month forms a month

So one month salary of Mrs. Santos
$\rightarrow 2 * 2533.55=\$ 5067.10$

We need to calculate annual salary. There are 12 months in a year

So,
$\text { annual salary of Mrs. Santos }=12 * \text { one month salary of Mrs. Santos }$

$\Rightarrow 12 * \$ 5067.10=\$ 60805.2$

Hence annual salary of Mrs. Santos is
$\$60805.2$

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