Question

Paul is paid $584.38 semimonthly. What is his annual salary?A. $30,389.94B. $14,025.12C. $7,013.04D. $15,194.92

Answer 1

The amount paid to Paul is $584.38 semimonthly.

The payment of semimonthly means that Paul is paid twice a month or 24 times annually.

Determine the annual salary of Paul.

`\begin{gathered} S=584.38*24 \\ =14,025.12 \end{gathered}`

Thus annual salary of Paul is $14,025.12.

Answer: Option B