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Amy earns an annual salary of $40,000 working for the law office of Smith and Jones. What is her gross pay per paycheck if she is paid semimonthly?

Answer 1

Genesis Allen

See a solution process below:

Semi-Monthly means twice per months.

Because there are 12 months in a year Amy is paid:

#2 xx 12 = 24# times a year.

We can therefore find Amy's gross pay per paycheck by dividing her salary by #24#:

#($40,000)/12 = $1,666.666...# or #$1,666.67# rounded to the nearest cent.

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Answer 2

Jace Anderson

To calculate Amy's gross pay per paycheck if she is paid semimonthly, we first need to determine how many pay periods there are in a year. Since she is paid semimonthly, she will receive paychecks twice a month, which amounts to 24 pay periods in a year (12 months multiplied by 2).

Next, we divide her annual salary by the number of pay periods in a year to find her gross pay per paycheck:

$40,000 (annual salary) / 24 (number of pay periods in a year) =$ 1,666.67 per paycheck.

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Answer from HIX Tutor

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