Question

Practice

MULTIPLE CHOICE
You are a salaried employee and are paid $2,500 on each
payday. You are paid on a semi-monthly basis. How much are
you paid per year?
A
$130,000
B
$65,000
С
$30,000
D
$60,000
K
X

Answer 1

D, $60,000

Explanation:

If you are paid semi-monthly, you are paid twice a month. So, multiply 2,500 by 2, and you get 5,000. Then, multiply that by 12 (12 months in a year), and you get $60,000