4. leonides weekly salary is $478.25. his employer is changing the pay period to semimonthly. a. what is…

4. leonides weekly salary is $478.25. his employer is changing the pay period to semimonthly. a. what is leonides annual salary? b. what will leonides semi monthly salary be to the nearest cent?

4. leonides weekly salary is $478.25. his employer is changing the pay period to semimonthly. a. what is leonides annual salary? b. what will leonides semi monthly salary be to the nearest cent?

Answer

Explanation:

Step1: Recall the relationship between annual and semi - monthly pay

There are 12 months in a year, so there are 24 semi - monthly periods in a year. Let the semi - monthly pay be $x$. Then the annual salary $S = 24x$.

Step2: Solve for the semi - monthly pay

We know that the annual salary $S=$478.25$. Using the formula $S = 24x$, we can find $x$ by $x=\frac{S}{24}$. Substitute $S = 478.25$ into the formula: $x=\frac{478.25}{24}\approx19.93$.

Answer:

$$19.93$