Vijay has an annual salary of 47,000, and his company pays him twice a month. What is the gross income in each paycheck that Vijay receives?

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(1) Answers

kady123

Alright, so he has an annual salary of 47,000 dollars. Which means that he is paid 47,000 dollars in 12 months. You'll first have to calculate the pay Vijay receives each month, which is [latex] \frac{47,000}{12 months} [/latex], or about $3,916.67 (I'll round up to 3917 for simplicity).
Now, he gets paid twice a month. So each paycheck is half of $3917. 3917 x (1/2) = $1958.50.
So each paycheck should be $1958.50 (this is a rounded figure).