Questions: How much money does an employee working for a salary of 37,000 per year get paid every two weeks? [?] Round to the nearest whole dollar.

Transcript text: How much money does an employee working for a salary of $\$ 37,000$ per year get paid every two weeks? $\$[?]$ Round to the nearest whole dollar.

Solution

Solution Steps

Step 1: Determine the Annual Salary

The annual salary $S$ of the employee is given as $37000.

Step 2: Identify the Number of Payment Periods per Year

The number of payment periods $N$ per year is given as 26.

Step 3: Calculate the Periodic Payment

The periodic payment $P$ is calculated using the formula $P = S / N$. Substituting the given values, we get $P = 37000 / 26 = 1423.077$.

Step 4: Round the Periodic Payment

The periodic payment rounded to the nearest 0 decimal places is $1423.

Final Answer:

The periodic payment for an employee with an annual salary of $37000 over 26 payment periods per year, rounded to the nearest 0 decimal places, is $1423.

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