Problema Solution
Mary Jo Prenaris is an office manager with gross earnings of $1,600 semimonthly. If her company switches pay schedules from semimonthly to biweekly, what are Mary Jo’s new biweekly gross earnings?
Answer provided by our tutors
the number of paychecks semi-monthly:
24
the number of paychecks biweekly:
52/2 = 26
(1600 * 24)/(26) = 1476.92
her biweekly gross earnings would be $1,476.92