Ross's compensation is to be changed from an hourly rate of $31.50 for a 40-hour week to a salary paid semimonthly. What should he be paid semimonthly in order for his annual earnings to remain the same? (Assume there are exactly 52 weeks in a year. Round your answer to the nearest cent.)
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Ross's compensation is to be changed from an hourly rate of $31.50 for a 40-hour week to a salary paid semimonthly.
What should he be paid semimonthly in order for his annual earnings to remain the same? (Assume there are exactly 52 weeks in a year. Round your answer to the nearest cent.)
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