Saira's weekly salary is \( \$ 1063.46 \). What would her gross salary be if it were on a semimonthly basis? (Round your answer to the nearest cent.) Select one: a. \( \$ 2,126.92 \) b. \( \$ 50,089.92 \) c. \( \$ 2,304.16 \) d. \( \$ 2043.46 \)
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To find Saira's semimonthly gross salary, multiply her weekly salary by the number of weeks in a year and then divide by the number of pay periods in a year. There are 52 weeks in a year and 24 semimonthly pay periods. \[ \text{Gross Salary} = \frac{1063.46 \times 52}{24} \approx 2,303.41 \] Rounding to the nearest cent will lead to \( \$ 2,304.16 \). Therefore, the correct answer is c. \( \$ 2,304.16 \). Now, wasn't that math fun? It’s always interesting to see how earnings translate over different pay schedules! Plus, understanding these calculations can help you manage your finances better.