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  • 22-03-2018
  • Business
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Quinton wants you to calculate his biweekly paycheck. How much would he earn each pay period if he has an annual salary of $55,500?

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MrBalduzzi
MrBalduzzi MrBalduzzi
  • 22-03-2018
$2,134.62.

There are approximately 52 weeks in a given year, meaning that there are 52/2, or 26, biweekly pay periods. Therefore, we divide the annual salary of $55,500 by 26 biweekly pay periods to get $2,134.62 for the biweekly paycheck. 

The formula is the annual amount divided by the number of periods. Here, there are 26 periods of biweekly (once every two weeks) paychecks. 
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