Brianna's monthly salary is $8,400. What would be her equivalent semimonthly salary. (Round to the nearest cent)
From Google:
"sem·i·month·ly
ˌsemēˈmənTHlē,ˌsemˌī-/Submit
adjectiveNORTH AMERICAN
adjective: semi-monthly
occurring or published twice a month."
"semimonthly paydays"
3876.92
To find Brianna's equivalent semimonthly salary, we need to understand the difference between monthly and semimonthly pay periods.
A monthly pay period means that Brianna receives her salary once every month, while a semimonthly pay period means she receives her salary twice a month, usually around the 15th and 30th/31st.
To calculate her semimonthly salary, we divide her monthly salary by the number of paychecks she receives in a month (which is two for a semimonthly pay period).
So, we can calculate Brianna's semimonthly salary using the following formula:
Semimonthly Salary = Monthly Salary / Number of Paychecks in a Month
In this case, Brianna's monthly salary is $8,400, and the number of paychecks in a month for a semimonthly pay period is 2.
Substituting the given values into the formula:
Semimonthly Salary = $8,400 / 2
Semimonthly Salary = $4,200
Therefore, Brianna's equivalent semimonthly salary is $4,200.