Final answer:
To calculate your biweekly gross pay, divide your annual salary by the number of biweekly pay periods in a year.
Step-by-step explanation:
To calculate your biweekly gross pay, you need to divide your annual salary by the number of biweekly pay periods in a year. There are usually 26 biweekly pay periods in a year since a year has 52 weeks. So, to find your biweekly gross pay, you can use the formula:
Biweekly Gross Pay = Annual Salary / Number of Biweekly Pay Periods
In this case, your annual salary is $40,000. Using the formula, we have:
Biweekly Gross Pay = $40,000 / 26 = $1,538.46
Therefore, your biweekly gross pay would be $1,538.46.