also bi-weekly, this question was asked on a test and I was stumped. the salaried person lived in Illinois and had no dependants.
2007-12-06 23:58:15 · 4 answers · asked by SoulKeeper 7 in Business & Finance ➔ Taxes ➔ United States
Weekly would be 698.83 this is net pay after all taxes
Bi-weekly would be 1,396 this is net pay also after taxes.
http://www.paycheckcity.com/netpaycalc/netpayCalcResult.asp
check out this website to help you in the future it is pretty accurate.
2007-12-07 00:06:05 · answer #1 · answered by Joel R 2 · 3⤊ 1⤋
Well, there are 52 weeks in a year, so $50,000 / 52 will give you the weekly answer. For bi-weekly, divide by 26. I'll let you do the math.
2007-12-07 01:30:51 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
I thought i knew the answer to this until i found out they were from Illinois, how many weeks are in a year in Illinois?
2007-12-07 00:03:32 · answer #3 · answered by the_lad_irl 2 · 0⤊ 0⤋
Perhaps the trick here is that employers sometimes pay twice a month, so 24 pay periods to a year. 50000/24 = 2083.33
2007-12-07 00:06:49 · answer #4 · answered by fcas80 7 · 1⤊ 2⤋