Question

Briannas semimonthly salary is $3,874. What would be her equivalent biweekly salary (in $)? Round answer to two decimal places.

Answer 1

$3576

Explanation:

The biweekly paychecks will be less money, but you will provide the two additional paychecks to make up the difference.

Let's say an employee earns $ 42,000.00 per year. If paid biweekly, their gross salary would be approximately $ 1,615.38 every two weeks ($ 42,000.00 / 26). If they are paid semimonthly, their gross salary would be $ 1,750.00 ($ 42,000.00 / 24).

In this case, would be:

`\begin{gathered} 3874\cdot(24)/(26)=3576 \\ \end{gathered}`

Therefore the biweekly salary would be $3576