Question

An employee earns $2,300 each pay period. He is paid on the first and fifteenth

of each month. How much does he earn in one year?

Answer 1

56k Salary ($55,200)

Answer 2

55,200

Explanation:

The employee is paid twice a month. There are 12 months in a year. He is paid 12x2=24 times a year.

Multiply the pay per period by the number or pay periods

=2,300x24

=55,200