7. sairas weekly salary is $1,063.46. what would her gross salary be if it were on a semimonthly basis…

7. sairas weekly salary is $1,063.46. what would her gross salary be if it were on a semimonthly basis? (round your answer to the nearest cent)

7. sairas weekly salary is $1,063.46. what would her gross salary be if it were on a semimonthly basis? (round your answer to the nearest cent)

Answer

Explanation:

Step1: Find the annual salary

There are 52 weeks in a year. So the annual salary is the weekly - salary times 52. Let the weekly salary $w = 1063.46$. The annual salary $A=w\times52 = 1063.46\times52=55309.92$.

Step2: Calculate the semi - monthly salary

There are 24 semi - monthly periods in a year. So the semi - monthly salary $S$ is the annual salary divided by 24. $S=\frac{A}{24}=\frac{55309.92}{24}=2304.58$.

Answer:

$2304.58$