Question

Flora has an annual income of $18,500. She has $6,500 withheld asdeductions. What is the amount of each paycheck if she gets paidsemimonthly?a. $500b. $461.54c. $711.54d. $1,000

Answer 1

To calculate the amount of each semimonthly paycheck, we need to find the actual amount of money Flora actually receives annually.

Her income is $18500, but $6500 are deducted. Then:

`18500-6500=12000`

The actual money she receives in one year, after deductions, is $12000.

If she receives semimonthly paychecks, we need to bear in mind that in total she receives 24 paychecks in one year. This considering that semimonthly means that she receives two paychecks in a month.

Then, we just need to divide $12000 by 24 to obtain the amount of each paycheck:

`(12000)/(24)=500`

The amount of each paycheck is $500.

The correct answer is option a.