Sophia’s annual salary is $54,000. She gets paid semimonthly. What is her semimonthly pay?
Business · High School · Mon Jan 18 2021
Answered on
To calculate Sophia's semimonthly pay, you'll divide her annual salary by the number of semimonthly pay periods in a year:
There are 12 months in a year, and if Sophia is paid semimonthly, she'll receive her salary 24 times a year (twice a month).
Her semimonthly pay:
Semimonthly pay = Annual salary / Number of pay periods per year
Semimonthly pay = 54,000 / 24
Semimonthly pay = 2,250
Therefore, Sophia's semimonthly pay is $2,250.