Question

Jasper has an annual salary of $71,000, and his company pays him twice a month. What is the gross income per paycheck that Jasper receives? A. $1365.38 B. $5916.67 C. $11,833.33 D. $2958.33

Answer 1

An annual salary of $71,000 means the following:
A monthly salary of $71,000 / 12 = $5916.66

Since his company pays him twice a month, we have to divide this amount of money by 2.
$5916.66 / 2 = $2958.33

Hence, per paycheck Jasper receives D. $2958.33

Answer 2

First, you divide $71,000 by 12, to get the salary per month.

$71,000 / 12 = $5,916.66.

Next, you divide the amount in a month by 2, to see how much money is paid for each half of a paycheck.

$5,916.66 / 2 = $2,958.33

Since the payment for every paycheck is $2,958.33, the answer is D.