Submitted by Fun-Boot-7187 t3_1000xzn in personalfinance
[deleted] t1_j2estkj wrote
Reply to comment by Fun-Boot-7187 in Am I doing something wrong? by Fun-Boot-7187
[deleted]
93195 t1_j2etebw wrote
Biweekly, not twice a month. Multiply by 26. $3077 x 26 = $80K.
Fun-Boot-7187 OP t1_j2etvxo wrote
Meant bi-monthly, I’m sorry, my bad.
93195 t1_j2eulfh wrote
No, you meant biweekly, at least if you want those numbers to add up. While most months will only have two paychecks, two months will have three.
Biweekly means you get paid once every two weeks, which is 26 times a year. 52 weeks in a year divided by once every two weeks is 26 times. Your gross pay of $3077 times 26 is $80K nearly exactly.
Viewing a single comment thread. View all comments