Madeline earns $17,500 annually. What is the gross amount of her
semimonthly paycheck?
a. $2,916.67
b. $1,458.33
c. $729.17
d. $673.08
b. $1,458.33
To calculate the gross amount of her semimonthly paycheck, we divide Madeline's annual salary by the number of pay periods in a year (24, since she gets paid twice a month).
$17,500 รท 24 = $729.17
This is the amount Madeline would earn per paycheck if she were paid biweekly. However, since she is paid semimonthly (twice a month), we need to double this amount.
$729.17 x 2 = $1,458.33
Therefore, Madeline's gross semimonthly paycheck is $1,458.33.