Question

note: please make sure to properly format your answers. all dollar figures in the answers need to include the dollar sign and any amount over 1,000 should include the comma ($2,354.67). all percentage values in the answers need to include a percentage sign (%). for all items without specific rounding instructions, round your answers to two decimal places, show both decimal places (5.06).
last year beths annual salary was $38,350. this year she received a promotion and now earns $46,462 annually. she is paid biweekly.
a. what was her biweekly salary last year? round to the nearest cent.
b. what is beths biweekly salary this year? round to the nearest cent.
c. on a biweekly basis, how much more does beth earn as a result of her promotion? round to the nearest cent.

Explanation:

Step1: Calculate last year's bi - weekly salary

There are 26 bi - weekly periods in a year.
Last year's annual salary = $38,350
Last year's bi - weekly salary = $38,350\div26$
$$\frac{38350}{26}=1475$$

Step2: Calculate this year's bi - weekly salary

This year's annual salary = $46,462
This year's bi - weekly salary = $46,462\div26$
$$\frac{46462}{26}=1787$$

Step3: Calculate the difference in bi - weekly salary

Difference = This year's bi - weekly salary - Last year's bi - weekly salary
Difference = $1787 - 1475$
$$1787-1475 = 312$$

Answer:

a. $\$1,475.00$
b. $\$1,787.00$
c. $\$312.00$