BI WEEKLY Molly is a salaried employee; she makes $42,000 a year and is paid bi-weekly. What is her gross pay?$42,000/26=$1,615.38 Calculating pay based on SalaryPay PeriodWeeklyBi-weeklySemi monthlyMonthlyNumber of pay checks per year52262412Annual Salary = Salary Per Period27Number of pay periods

Some employees are paid weekly , some are paid biweekly and some are paid on the basis of monthly…

Answered: WEEKLY Molly is a salaried employee;…

WEEKLY Molly is a salaried employee; she makes $42,000 a year and is paid bi-weekly. What is her gross pay? $42,000/26=$1,615.38

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

BI WEEKLY Molly is a salaried employee; she makes $42,000 a year and is paid bi-weekly. What is her gross pay?

$42,000/26=$1,615.38

Calculating pay based on Salary
Pay Period
Weekly
Bi-weekly
Semi monthly
Monthly
Number of pay checks per year
52
26
24
12
Annual Salary = Salary Per Period
27
Number of pay periods

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