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Payroll (Posted on 2005-01-02) Difficulty: 3 of 5
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?

See The Solution Submitted by Charlie    
Rating: 3.7500 (4 votes)

Comments: ( You must be logged in to post comments.)
  Subject Author Date
SolutionNot of interestSteve Herman2006-05-29 13:50:08
re: This is of interest...Larry2005-01-03 13:52:57
Some ThoughtsThis is of interest...Penny2005-01-03 11:33:37
My AnswerThomas Chen2005-01-03 07:45:32
Solutionre(2): SolutionPenny2005-01-02 20:46:48
Solutionre: SolutionPenny2005-01-02 19:18:20
SolutionSalaried employeesLarry2005-01-02 19:02:24
SolutionIt DependsLarry2005-01-02 18:34:34
SolutionSolutionPenny2005-01-02 17:33:14
SolutionGuesssassy2005-01-02 17:30:08
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