Explain to me how being paid on the 15th and 30th is the same amount of pay as biweekly?

Question

My new job pays on the 15th and 30th of every month. IF those days fall on a weekend we get paid on the friday before. My math is terrible but this feels like I come out with LESS paychecks per year?

In: 0

Answer 1

>My math is terrible but this feels like I come out with LESS paychecks per year?

* You are correct.
* 52 weeks in a year, so bi-weekly paychecks = 26
* 12 months in year so 2x paychecks a month = 24
* In either setup you are still getting paid either your whole salary or for every hour you worked.