Final answer:
To find the biweekly gross pay for an employee earning an annual salary of $74,390, divide the salary by 26 (the number of biweekly periods in a year) to get $2,861.15 per biweekly pay period.
Step-by-step explanation:
To calculate the biweekly gross pay of an employee with an annual salary of $74,390, we need to divide the total annual salary by the number of biweekly pay periods in a year. A standard year has 52 weeks, so biweekly payments occur 26 times (52 weeks ÷ 2).
Let's calculate the biweekly gross pay:
- Divide the annual salary by the number of biweekly periods: $74,390 ÷ 26 =$2,861.15.
- The result represents the gross pay the employee receives every two weeks.
Therefore, the employee's biweekly gross pay would be $2,861.15.