Question
Charlie has an annual salary of $75,000
. He is paid every two weeks. What is the gross income amount each paycheck?
$1,442
$6,250
$2,884.62
$3,125
Round the answer to the nearest cent.
. He is paid every two weeks. What is the gross income amount each paycheck?
$1,442
$6,250
$2,884.62
$3,125
Round the answer to the nearest cent.
Answers
GPT-4o mini
To find Charlie's gross income per paycheck, we first need to determine how many pay periods there are in a year. Since he is paid every two weeks, there are 26 pay periods in a year (52 weeks in a year divided by 2).
Next, we'll divide Charlie's annual salary by the number of pay periods:
\[
\text{Gross Income per Paycheck} = \frac{\text{Annual Salary}}{\text{Number of Pay Periods}} = \frac{75,000}{26}
\]
Calculating this:
\[
\frac{75,000}{26} \approx 2,884.6153846153846
\]
Rounding to the nearest cent:
\[
2,884.62
\]
Therefore, the gross income amount each paycheck is **$2,884.62**.
Next, we'll divide Charlie's annual salary by the number of pay periods:
\[
\text{Gross Income per Paycheck} = \frac{\text{Annual Salary}}{\text{Number of Pay Periods}} = \frac{75,000}{26}
\]
Calculating this:
\[
\frac{75,000}{26} \approx 2,884.6153846153846
\]
Rounding to the nearest cent:
\[
2,884.62
\]
Therefore, the gross income amount each paycheck is **$2,884.62**.