asked 118k views
5 votes
-. Your annual salary is $75,000. You can choose to be paid semimonthly or biweekly. Does it matter which option you choose?

asked
User Mr Asker
by
8.4k points

1 Answer

6 votes

Problem

Your annual salary is $75,000. You can choose to be paid semimonthly or biweekly. Does it matter which option you choose?​

Solution

For this case if he/she select semimonthly the total payments are:

2*12 = 24 paychecks

with Payment = 75000/24= 3125 each one

And if he/she select biweekly we have

(52weeks/4)*2 = 26 paychecks

with Payment = 75000/26= 2884.62 each one

And is a different since with the biweekly payment you recive less amount on each payment but in general he/she will recive the same amount at the end of the yea r

answered
User Vlince
by
8.4k points
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