Question

Last year, Beth's annual salary was $38,350. This year she received a promotion and now earns $46,462. She is paid biweekly.

a) What was her biweekly salary last year? Round to the nearest cent.
b) What is Beth's biweekly salary this year? Round to the nearest cent.
c) On a biweekly basis, how much more does Beth earn as a result of her promotion?

Answer 1

Beth's biweekly salary last year was $1,475. Her biweekly salary this year is $1,787. As a result of her promotion, Beth earns $312 more on a biweekly basis.

Step-by-step explanation:

a) To find Beth's biweekly salary last year, we need to divide her annual salary by the number of biweekly periods in a year. One year consists of 52 weeks, and since she is paid biweekly, there are 26 periods. So, her biweekly salary last year was $38,350 / 26 = $1,475.

b) To find Beth's biweekly salary this year, we can apply the same calculation. Her annual salary this year is $46,462. So, her biweekly salary this year is $46,462 / 26 = $1,787.

c) To determine how much more Beth earns on a biweekly basis as a result of her promotion, we subtract her biweekly salary last year from her biweekly salary this year. The difference is $1,787 - $1,475 = $312.