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4 December, 23:24

fred Walters used to make a semimonthly salary of $2500. the company he works for is under new management, which pays its employees biweekly. what is his annual salary and what will his new biweekly salary be?

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  1. 5 December, 00:31
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    Annual Salary = $60,000

    Bi-Weekly Salary = $2307.69

    Step-by-step explanation:

    SemiMonthly means twice a month.

    So Fred gets semimonthly 2500, so in a month he gets 2 * 2500 = $5000

    His annual salary (12 months) would be 5000 * 12 = $60,000

    Annual Salary = $60,000

    For salary calculations, we know there are 52 weeks in a year. Since he will be paid bi-weekly, that means he will be paid every 2 weeks. Hence, he will be paid 52/2 = 26 times a year.

    Now we need to divide 60,000 by 26 to figure out his bi-weekly salary.

    60,000/26 = $2307.69
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