Question

B. J. Swanson is paid an annual salary of $37,500 semimonthly. What is his gross pay per pay period?

Answer 1

the answer is $1,562.50

Answer 2

B. J. Swanson gets $1562.50 per pay period.

Explanation:

B. J. Swanson is paid an annual salary of $37,500 semimonthly.

Semimonthly means 2 times in a month.

And as there are 12 months in a year, this implies that there are
`2*12=24` pay periods in a year.

An annual salary of $37,500 means he is paid this much in 24 pay periods.

Hence, per pay period he gets;

`(37500)/(24)=1562.50` dollars