Question

Christina is paid semimonthly. Her annual salary is $25,000. What isher semimonthly salary, rounded to the nearest cent?

Answer 1

There are 12 months in a year. As such if she is paid semimonthly, it means that she will be paid twice in a month and 24 times in a year.

As such, if her annual salary is $25,000 then her semimonthly salary would be

= $25,000/24

= $1,041.67 (rounded to the nearest cent)