Question

Gene is paid $635.72 semimonthly. What is his annual salary?

Answer 1

In a year we have 12 months.

But, every month salary is paid 2 times.

So, in a total year he paid 2*12=24 times.

Then the annual salary is:

`24\cdot635.72=15257.28`

So, the annual salary is $15,257.28.