Question
Fay is paid semimonthly. The net amount of each paycheck is $670.50.
What is her net annual income?
What is her net annual income?
Answers
Answered by
GPT 3.5
To calculate Fay's net annual income, we need to first determine how much she earns in one month and then multiply that by 12 (for 12 months in a year).
Fay's net amount per paycheck is $670.50. Since she is paid semimonthly, she receives two paychecks per month.
Net monthly income = $670.50 * 2 = $1341
Now, to find Fay's net annual income, we will multiply her monthly income by 12 (for 12 months in a year).
Net annual income = $1341 * 12 = $16,092
Therefore, Fay's net annual income is $16,092.
Fay's net amount per paycheck is $670.50. Since she is paid semimonthly, she receives two paychecks per month.
Net monthly income = $670.50 * 2 = $1341
Now, to find Fay's net annual income, we will multiply her monthly income by 12 (for 12 months in a year).
Net annual income = $1341 * 12 = $16,092
Therefore, Fay's net annual income is $16,092.