Walt's monthly salary is \( \$ 6,962.50 \). What would be his equivalent semimonthly salary? Select one: a. \( \$ 2,451.92 \) b. \( \$ 2,375.96 \) c. \( \$ 2,840.41 \) d. \( \$ 3,481.25 \)

To find Walt's equivalent semimonthly salary, you divide his monthly salary by the number of pay periods in a month. Since there are typically two semimonthly pay periods in a month, we calculate: \[ \frac{6,962.50}{2} = 3,481.25 \] So Walt's equivalent semimonthly salary would be \( \$ 3,481.25 \), making the correct answer: d. \( \$ 3,481.25 \)