i heard if you get paid 2 times a month some how you miss out of some checks but i dont understand how thats posibble when 2 times a month and every 2 weeks sounds the same any one know if this is true
2007-03-28 15:27:08 · 9 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
12 months 2 times amonth=24 checks
52 weeks every 2 weeks = 26 checks
2007-03-28 15:32:59 · answer #1 · answered by Anonymous · 4⤊ 0⤋
You're not missing out on anything. You are still getting paid based on what you work, just on a different schedule.
2 times a month is not the same as every two weeks. Every two weeks means you get paid on the same day, Friday for instance, every 2 weeks. 2 pay periods equal 28 days every time.
Twice a month means 2 times a month. Well a month is 30 or 31 days, sometimes 28 or 29.
Places that pay hourly wages generally pay once every week or once every 2 weeks. Salary places generally pay twice a month.
2007-03-29 17:36:18 · answer #2 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
If you get paid 2 times a month you will get 24 paychecks a year. If you get paid every 2 weeks, you will get 26. BUT....you end up getting the same amount in the end. If you get paid 2 times a month, your company will average out your salary to fit that pay system. For instance, you will get paid for 86.66 hours every paycheck. ( this is calculated by multiplying 40 hrs/wk times 52 weeks in the year divided by 12 months and then divide by 2) If you get paid every 2 weeks you will get paid for 80 hours straight.
2007-03-28 22:32:59 · answer #3 · answered by Texas Girl 3 · 0⤊ 0⤋
A month consists of either 28, 30 , or 31 days. A 2.week period consists of 14 days ... multiplied by 2 that would equal 28. It is better to get payed once every 2 weeks. That means more paychecks.
2007-03-28 22:36:26 · answer #4 · answered by sa 2 · 0⤊ 1⤋
Basically, if you get paid bi-monthly than you are getting paid the first and the 15th of every month, if you are getting paid bi-weekly than you most likely are getting paid everyother Friday, you are not losing out on any money, it's just in the form of different amount of checks, I hope that this helped you with your question
2007-03-29 12:15:18 · answer #5 · answered by randyssgirl25 2 · 0⤊ 0⤋
Twice a month is 24 times a year.
If you get paid bi-weekly, that does not go by calendar months, and you do get paid more times in a year.
2007-03-30 16:33:08 · answer #6 · answered by kmf77 3 · 0⤊ 0⤋
REALLY? DO THE MATH....
12 MONTHS X 2 = 24 PAYDAYS
EVERY 2 WEEKS... 52 WEEKS A YEAR = 26 PAYDAYS WAHLAH!
2007-03-28 22:33:13 · answer #7 · answered by cork 7 · 0⤊ 0⤋
Its the same thing.
2007-04-01 12:23:25 · answer #8 · answered by Pepper 6 · 0⤊ 0⤋
two less paychecks a year
2007-03-28 22:31:59 · answer #9 · answered by Anonymous · 0⤊ 1⤋