Salary calculation for 12 grade math

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jamin123

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If an employee is paid twice per month $2500.34, what is the employee annual yearly salary? At the end of the first year of employment the employee received a promotion, and 6% salary increase. What's the employee annual salary at the new position?
 
jamin123 said:
If an employee is paid twice per month $2500.34, what is the employee annual yearly salary? At the end of the first year of employment the employee received a promotion, and 6% salary increase. What's the employee annual salary at the new position?
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Unclear- Is the employee paid 2500.34 two times a month, or is the employee paid 1250.17 twice a month for a total of 2500.34?
 
jamin123 said:
If an employee is paid twice per month $2500.34,...
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What do you mean by "paid"? Do you mean "earns?
Unless you're paid "under the table", you're never paid what you earn :(
 
jamin123 said:
the employee earn a bi-monthly salary of 2500.34 each month.
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You have just repeated the same confusion.
Is it that the employee is paid a total of 2500.34 in two installments?
OR is it the employee is paid 2500.34 two times a month?

BTW: “Bi-monthly” means every two months.
Semi-monthly means twice a month
 
If you are paid bi-weekly Jose Pablo A.
If you are paid bi-weekly (every 14 days, opposed to some companies that pay every 15 days), this does not work. The right way to do it is to multiply your hourly wage by the number of hours you work in a day. This is your daily wage. Multiply the daily wage by the number of days you work in a week. This is your weekly salary. Multiply your weekly salary by 2 to obtain your bi-weekly salary. Here is where it changes. Once you have your bi-weekly salary, multiply this by 26. There are 26 payments in a year (52 weeks divided by 2). If you want to be more accurate, add one day's salary to the previous result (the previous result gives you what you earn for 364 days of work, not 365). One day makes a difference ;-)

65k
 
jamin123 said:
If you are paid bi-weekly Jose Pablo A.
If you are paid bi-weekly (every 14 days, opposed to some companies that pay every 15 days), this does not work. The right way to do it is to multiply your hourly wage by the number of hours you work in a day. This is your daily wage. Multiply the daily wage by the number of days you work in a week. This is your weekly salary. Multiply your weekly salary by 2 to obtain your bi-weekly salary. Here is where it changes. Once you have your bi-weekly salary, multiply this by 26. There are 26 payments in a year (52 weeks divided by 2). If you want to be more accurate, add one day's salary to the previous result (the previous result gives you what you earn for 364 days of work, not 365). One day makes a difference ;-) 65k
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What does that have to do with anything about the question at hand?
Why not tell us: is it 2500.34 a month or 5000.68 a month?
 
2500.34 * n where n = number of paydays in the year :twisted:
 
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