How many pay periods are there per year for an employee with an annual salary of $24,000 who is paid semimonthly?

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Multiple Choice

How many pay periods are there per year for an employee with an annual salary of $24,000 who is paid semimonthly?

Explanation:
Semimonthly means you’re paid twice every month, so there are 12 months × 2 = 24 pay periods in a year. With a $24,000 annual salary, this would be divided into 24 equal paychecks, but the question is asking how many periods, not the per-paycheck amount. The other frequencies fit other schedules—monthly would be 12, biweekly would be 26, and weekly would be 52—so semimonthly uniquely corresponds to 24 pay periods.

Semimonthly means you’re paid twice every month, so there are 12 months × 2 = 24 pay periods in a year. With a $24,000 annual salary, this would be divided into 24 equal paychecks, but the question is asking how many periods, not the per-paycheck amount. The other frequencies fit other schedules—monthly would be 12, biweekly would be 26, and weekly would be 52—so semimonthly uniquely corresponds to 24 pay periods.

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