Question 101836: I am trying to do the following word problem and must be reading something wrong. Everytime I come up with $1,182.50 and I am told it is wrong....please help.
You have accepted a job at an annual salary of $27,630. Sorry, but you will not be able to afford that dream home on this salary! However, your employer was gracious enough to include a year-end bonus of $750. WOW! You are to be paid twice a month. What will your gross pay be for each paycheck?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! You have accepted a job at an annual salary of $27,630. Sorry, but you will not be able to afford that dream home on this salary! However, your employer was gracious enough to include a year-end bonus of $750. WOW! You are to be paid twice a month. What will your gross pay be for each paycheck?
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Since the bonus does not come till the end of the year try
27630/24 = $1151.25 as each paycheck.
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Cheers,
Stan H.
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