Kristy is paid semimonthly. The net amount of each paycheck is
$750.50. What is her net annual income?
a. $18,012
b. $4,503
c. $19,513
d. $9,006
To find Kristy's net annual income, we need to multiply her net semimonthly income by the number of times she gets paid in a year:
Net semimonthly income: $750.50
Number of semimonthly pay periods in a year: 24 (12 months x 2 pay periods per month)
Net annual income = $750.50 x 24 = $18,012
Therefore, the answer is (a) $18,012.