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

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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?

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Anonymous 0 Comments

You will have fewer paychecks.

That doesn’t mean you get paid less. It just means your pay is spread across fewer paydays (which means for the same amount of work, your average check is slightly higher).

If you average 40 hrs/wk at $20/hr, that’s $41,600 a year.

If you’re paid twice a month, you’ll average $1733.33 per check. If you’re paid bi-weekly, you’ll average $1600 per check (all before taxes obv).

But it works out to the same amount of total pay.

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