The ABC Widget company paid its salaried employees each month 1/12 of their annual rate of pay. Then, on a month that began on a Sunday, they switched to paying them every other week 1/26 of their annual pay.

Alice said that works out worse for the employees, as in the first month, they'd get only 1/13 of their annual pay instead of 1/12.

Bob said "No, you're getting some of your money sooner by two weeks, more than making up for it, so that it's better for the employees."

Who is right?

(In reply to Solution by Penny)

Comment deleted by poster.

 

 

 

Edited on May 8, 2008, 3:49 am

Posted by Penny on 2005-01-02 19:18:20