In this case, we'll have to carry out several steps to find the solution.
Step 01:
Data:
annual salary = $44.5K
semimonthly salary = ?
Step 02:
semimonthly salary:
semimonthly salary = annual salary / 24
= $44500 / 24 = $1854.167
The answer is:
semimonthly salary = $1854.167