Question

Lynn has an annual income of $17,500. She has $5,500 withheld as
deductions. What is the amount of each paycheck if she gets paid
biweekly?

Answer 1

There are 26 pay periods in a year if paid biweekly, so Lynn's gross pay per pay period would be $17,500 / 26 = $673.08.

Her deductions per pay period would be $5,500 / 26 = $211.54.

Thus, Lynn's net pay per paycheck would be:

Net pay = Gross pay - Deductions
Net pay = $673.08 - $211.54
Net pay = $461.54

Therefore, Lynn's biweekly paycheck would be $461.54.