We have been given that Ralph earns $72,000 annually as an architect and is paid semimonthly.
Semimonthly means twice in a month. There are 12 months in a year.
Therefore, in a year Ralph gets
[tex]12\times 2 = 24 \text{ checks}[/tex]
Now, Alice also earns $72,000 but she is paid biweekly.
Biweekly means twice a week. There are 52 weeks in a year.
Therefore, in a year Alice gets
[tex]52\times 2 = 104 \text{ checks}[/tex]
The difference in the number of checks is 104 - 24 = 80
Thus, Alice receives 80 more checks in a year when compared to Ralph.
