vikki has an annual salary of $53,000, and her company pays her twice a month. what is the gross income on each paycheck that vikki receives?

$7571.43
$1019.23
$2208.33
$4416.67

1 answer

To calculate Vikki's gross income on each paycheck, you need to divide her annual salary by the number of pay periods in a year.

Since Vikki is paid twice a month, she receives 12 paychecks per year:

\[ \text{Number of paychecks per year} = 2 \text{ (per month)} \times 12 \text{ (months)} = 24 \]

Now, divide her annual salary by the number of paychecks:

\[ \text{Gross income per paycheck} = \frac{\text{Annual Salary}}{\text{Number of Paychecks}} = \frac{53,000}{24} \approx 2,208.33 \]

Therefore, Vikki's gross income on each paycheck is approximately $2,208.33.

The correct answer is: $2,208.33.