If an employee is paid on a bi-weekly basis, how many paychecks will they receive in a typical year?
A. 20
B. 24
C. 25
D. 26
Answer (2)
Determine the number of weeks in a year: 52 weeks.
Divide the number of weeks in a year by 2 since the employee is paid bi-weekly: 2 52 .
Calculate the result: 2 52 = 26 .
Conclude that the employee receives 26 paychecks in a typical year.
Explanation
Understanding the Problem We need to determine how many paychecks an employee receives in a year if they are paid bi-weekly. Bi-weekly means every two weeks. We know there are 52 weeks in a typical year.
Calculating the Number of Paychecks To find the number of paychecks, we divide the total number of weeks in a year by the number of weeks between each paycheck. That is, we divide 52 weeks by 2 weeks/paycheck.
Final Calculation The calculation is as follows: 2 weeks/paycheck 52 weeks = 26 paychecks Therefore, an employee paid bi-weekly receives 26 paychecks in a year.
Conclusion So, the employee will receive 26 paychecks in a typical year.
Examples
Understanding bi-weekly payments is useful in personal finance. For example, if you're budgeting your monthly expenses, knowing you receive 26 paychecks a year helps you allocate your funds effectively. If you receive a paycheck every two weeks, you can plan your savings, investments, and bill payments more accurately. This is especially helpful for managing recurring expenses like rent, utilities, and loan payments, ensuring you have sufficient funds available when needed.
An employee paid bi-weekly receives 26 paychecks in a typical year. This is calculated by dividing the 52 weeks in a year by 2. Thus, the correct answer is D. 26.
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