Ellen earns $854.14 weekly. What is the equivalent semimonthly rate?

semimonthly-rate

#1

Ellen earns $854.14 weekly. What is the equivalent semimonthly rate?

Answer:

Since Ellen’s earns $854.14 weekly, her annual salary is 854.14*52 = $44415.28 and her monthly salary is 44415.28/12 = $3701.27.
Therefore, her equivalent semimonthly rate is 3701.27/2 = 44415.28/24 = $1850.64.