Calculate the gross earnings per pay period (in $) for the given pay schedule. (Round your answers to two decimal places.) Annual Salary Monthly Semimonthly Biweekly Weekly $45,500 $ $ $ $
Calculate the gross earnings per pay period (in $) for the given pay schedule. (Round your answers to two decimal places.) Annual Salary Monthly Semimonthly Biweekly Weekly $45,500 $ $ $ $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
1.Calculate the gross earnings per pay period (in $) for the given pay schedule. (Round your answers to two decimal places.)
| Annual Salary | Monthly | Semimonthly | Biweekly | Weekly |
|---|---|---|---|---|
| $45,500 | $ | $ | $ | $ |
Expert Solution
Step 1
Earnings are calculated based on per day basis so that it is easy to calculate income on other days.
Given,
Annual salary = $45,500
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