Question

Shawn’s weekly salary is $978.25. His employer is changing the pay period to semimonthly. What is Shawn’s annual salary? What will his semimonthly salary be?

Answer 1

Annual Salary: $50,869

Semimonthly Salary: $1,956.50

Explanation:

Semimonthly: Occurs twice a month

52 weeks in a year times weekly salary

978.25 x 52= 50,869

978.25 x 2= 1,956.50