Question

nasir has an annual salary of $64,000, and his company pays him twice a month. what is the gross income per paycheck that nasir receives?

a. $5333.33

b. $10,666.67

c. $1230.77

d. $2666.67

Explanation:

Step1: Determine the number of pay periods

Since the company pays twice a month, in a year (12 months), the number of pay periods is $12\times2 = 24$.

Step2: Calculate the gross income per paycheck

The annual salary is $64,000. To find the gross income per paycheck, we divide the annual salary by the number of pay periods. So, $\frac{64000}{24}\approx2666.67$.

Answer:

D. $2666.67