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 is paid semimonthly. The net amount of each paycheck is $670.50.
What is her net annual income?
1 answer
1 answer