Question

Jermaine makes $60,000 annually and gets paid semimonthly. How much is his semimonthly paycheck?

Answer 1

60,000/52 weeks in a year gives a month paycheck of $1153.8. Divide this by 2 to get the semi monthly paycheck. Therefore your final answer should be $576.9230769

Answer 2

The semimonthly paycheck is $2500

Explanation:

As we know that there are 12 month in a year

And semimonthly means 15 days

Monthly income is 60,000 / 12 = 5000

Now semimonthly means monthly divided by 2

So semimonthly will be 5000/2 = $2500