Jack was hired as a computer analyst. His starting salary is $124,500 annually. He can choose how he would like to be paid – Weekly, biweekly, semimonthly, or monthly. a. If Jack chooses weekly, what would be his pay?
b. If Jack chooses biweekly, what would be his pay?
C. If Jack chooses semimonthly, what would be his pay?
d. If Jock chooses monthly, what would be his pay?
e. Which should Jack choose? Does it matter?
we have that
His starting salary is $124,500 annually
Part a) f Jack chooses weekly, what would be his pay?
we know that
1 year=52 weeks
so
124,500/52=$2,394.23
Part b) If Jack chooses biweekly, what would be his pay?
Divide salary annually by 26 weeks
so
124,500/26=$4788.46
Part c) If Jack chooses semimonthly, what would be his pay?
Divide by 12*2=24
124,500/24=$5,187.50
Part d) If Jock chooses monthly, what would be his pay?
Divide by 12
124,500/12=$10,375
Part e) . Which should Jack choose? Does it matter?
I think doesn't matter. The total amount is the same in all cases