Question

John has an annual salary of $48,000.00 and he is paid every two weeks. What will his

gross income be on each paycheck?

Answer 1

Answer: $1846

Explanation:

First and foremost, we should note that there are 52 weeks in a year. Therefore the biweekly payment of John will be gotten by dividing his gross income by 26 weeks i.e (52weeks/2) since it's biweekly.

Therefore, the gross income on each paycheck will be:

= $48,000.00 / 26

= $1846.15

= $1846 approximately

The gross income on each paycheck is $1846.