Question

find the equivalent earnings for the salary indicated.
weekly $418.08
biweekly
semimonthly
monthly
annual
what is the annual salary equivalent to a weekly salary of $418.08?
(round to the nearest cent as needed.) $square$
what is the biweekly salary equivalent to a weekly salary of $418.08?
(round to the nearest cent as needed.) $square$
what is the semimonthly salary equivalent to a weekly salary of $418.08?
(round to the nearest cent as needed.) $square$
what is the monthly salary equivalent to a weekly salary of $418.08?
(round to the nearest cent as needed.) $square$

Explanation:

1. Annual Salary

Step1: Determine weeks in a year

There are 52 weeks in a year.

Step2: Calculate annual salary

Multiply weekly salary by 52. So, $418.08 \times 52$.
$418.08\times52 = 21740.16$

Step1: Biweekly means every 2 weeks

So multiply weekly salary by 2.

Step2: Calculate biweekly salary

$418.08\times2 = 836.16$

Step1: There are 24 semimonthly periods in a year (12 months × 2)

First, find annual salary (from part 1: $21740.16$), then divide by 24.

Step2: Calculate semimonthly salary

$\frac{21740.16}{24}= 905.84$

Answer:

$\$21740.16$

2. Biweekly Salary