Question

a man earns a salary of $105,864 annually and is paid semimonthly. how much is his gross semimonthly income? the man’s gross semimonthly income is $ (round to the nearest cent as needed.)

Explanation:

Step1: Know semimonthly - payment frequency

Semimonthly means 24 times a year.

Step2: Calculate semimonthly income

Divide annual salary by 24. So, $\frac{105864}{24}=4411$.

Answer:

$4411.00$