Person A works 5 hours a day, earns $8.25 an hour, and gets paid weekly.
Person B works 5 hours a day, earns $8.25 an hour, and gets paid biweekly.
They work the same, they earn the same, but they get paid at different times.
In a month, will they earn the same amount of money? Will Person A have more money?
It depends on which month. Some months the biweekly will get more, other months the weekly will get paid more, and in the rest of the months, they both will get paid the same.
For example: Assume payday is Fridays. If a month has 5 Fridays in it, and the biweekly payday is the first Friday of the month, they will get 3 paychecks that month, adding up to 6 weeks of pay. Meanwhile, the weekly pay will only have 5 weeks of pay.
But, on the other side of it, in a month with 5 Fridays, and the biweekly payday is the second Friday, that person will only get 2 paychecks equaling 4 weeks of pay, but the weekly pay will get 5 weeks of pay that month.
And then there will be the months that only have 4 Fridays, and in those months, both will get 4 weeks of pay.
At the end of the year, however, it all evens out, and they both get paid the same amount - 52 weeks of pay.
"health class activity" - so it is homework. And, babies do not charge (or cost) by the hour. You want to know how much income you would be giving up by quitting "your" job. But many other costs factor in: your marginal tax rate, the cost of daycare, commuting costs, fast food / take out / dinner out vs a home cooked meal, how much you can get from me the taxpayer in the form of government benefits,,,
Wrong question, you should ask "in a year" not in a month, because some months have five weeks, but it doesn't matter as long as the annual pay and the hourly pay is the same
they will earn the EXACT same amount..... when you get paid does not change how much you earn
You will learn nothing if we do your homework.
