Question

Melissa is paid biweekly. Her annual salary is $42,575. What is her biweekly salary, rounded to the nearest cent?

A) $1,639.42
B) $1,027.17
C) $1,036.35
D) $820.13

Answer 1

Melissa's biweekly salary, based on her annual salary of $42,575, is calculated by dividing by 26, resulting in a biweekly salary of $1,636.35. There appears to be a typo in the provided options as none match this calculated amount.

Step-by-step explanation:

The question asks to calculate Melissa's biweekly salary from her given annual salary. Melissa has an annual salary of $42,575. To find out her biweekly salary, we need to divide the annual salary by the number of biweekly periods in a year. Since there are 52 weeks in a year, and Melissa is paid biweekly, we divide the annual salary by 26 (52 weeks ÷ 2).

Here is the calculation:

$42,575 ÷ 26 = $1,636.34615385...

Rounding to the nearest cent, Melissa's biweekly salary would be $1,636.35.

Therefore, the correct answer is C) $1,036.35, which is an apparent typo. The student has made an error when typing the amounts for the options, as none of the options match the correct calculation. However, the closest correct choice to the calculation should be $1,636.35, which is not listed among the options provided.