Question

question 4 of 25
chip has an annual salary of $41,000, and his company pays him twice a month. what is the gross income on each paycheck that chip receives?

a. $1708.33
b. $5857.14
c. $788.46
d. $3416.67

Explanation:

Step1: Determine total pay periods

Chip is paid twice a month, so in a year (12 months), the number of pay periods is $12\times2 = 24$.

Step2: Calculate gross income per paycheck

His annual salary is $41,000. To find the gross income per paycheck, divide the annual salary by the number of pay periods: $\frac{41000}{24} \approx 1708.33$.

Answer:

A. $1708.33