Question

Jasper has an annual salary of $71000 and his company pays him twice a month. What is the gross income per paycheck that Jasper receives?

Answer 1

$2,958.33

Explanation:

Jasper's annual salary is $71000.

Considering that a year has 12 months and that he gets a paycheck twice each month, the total number of paychecks (P) Jasper gets each year is:

`P = 12*2 = 24`

To define Jasper's gross income per paycheck (I), simply divide his annual salary by the number of paychecks in a year:

`I=(\$ 71,000)/(24) \\I=\$ 2,958.33`

Jasper's gross income per paycheck is $2,958.33.