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09 Dec 2014, 15:48
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D
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Difficulty:
5%
(low)
Question Stats:
94% (00:43) correct
6%
(00:47)
wrong
based on 574
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Last year an employee received a gross annual salary of $18,000, which was paid in equal paychecks throughout the year. What was the gross salary received in each of the paychecks?
(1) The employee received a total of 24 paychecks during the year.
(2) The employee received a paycheck twice a month each month during the year.
(1) The employee received a total of 24 paychecks during the year.
(2) The employee received a paycheck twice a month each month during the year.
09 Dec 2014, 21:32
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Gross annual salary = $18,000. We have to find out the gross salary received in each of the paychecks.
Statement 1: The employee received a total of 24 paychecks during the year.
Therefore, the gross salary received in each of the paychecks = 18000/24. Sufficient.
Statement 2: The employee received a paycheck twice a month each month during the year.
Total number of paychecks for 12 months = 2*12
Therefore, the gross salary received in each of the paychecks = 18000/2*12. Sufficient.
Hence D) should be the answer.
Statement 1: The employee received a total of 24 paychecks during the year.
Therefore, the gross salary received in each of the paychecks = 18000/24. Sufficient.
Statement 2: The employee received a paycheck twice a month each month during the year.
Total number of paychecks for 12 months = 2*12
Therefore, the gross salary received in each of the paychecks = 18000/2*12. Sufficient.
Hence D) should be the answer.
10 Dec 2014, 20:24
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Last year an employee received a gross annual salary of $18,000, which was paid in equal paychecks throughout the year. What was the gross salary received in each of the paychecks?
(1) The employee received a total of 24 paychecks during the year -> gross salary received in each of the paychecks = 18000/24...sufficient
(2) The employee received a paycheck twice a month each month during the year ->gross salary received in each of the paychecks = 18000/(2*12).....sufficient.
Ans. D)
(1) The employee received a total of 24 paychecks during the year -> gross salary received in each of the paychecks = 18000/24...sufficient
(2) The employee received a paycheck twice a month each month during the year ->gross salary received in each of the paychecks = 18000/(2*12).....sufficient.
Ans. D)
