[ibCPAsoon]

Can someone please confirm that for biweekly pay – there are 26 pay periods in a year (52 weeks / 2).

The reason I ask is I received an offer and it mentions the pay as “bi-weekly installments of $x,xxx which is equivalent to $xx,xxx on an annual basis.

The math does not add up. Taking the pay times 26 periods I get larger than my agreed annual salary. It is only equivalent to 24 pay periods.

They had given me the draft via email to make sure I did not have any questions and I did not notice it then and they moved forward with sending a hard copy.

Now I received the hard copy and noticed it – I just wanted to make sure I have the correct math and am not missing something – i’m used to bi-monthly which would have had the correct math at 24 pay periods.

BEC - PASS JULY 2014
FAR - PASS DEC 2014
AUD - PASS FEB 2015
REG - PASS MAY 2015

[Mamabear]

My company refers to it as bi-weekly and I get 26 paychecks per year.

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[Anonymous]

My offer I am looking at is for 24 pay periods as well. I don't have a breakdown of the biweekly pay like you do though.

[Anonymous]

Maybe it has something to do with the first check not being received until 2 weeks into the pay year and the last check being received 2 weeks after the end?

[cpagal]

Bi-weekly is pay every two weeks so 26 checks a year

Semi-monthly is pay two times a month so 24 checks a year.

FAR - 08/30/15 - 90
AUD - 11/12/15 - 92
REG - 01/19/16 - 82
BEC - 02/29/16 - 83

Passed all on 1st attempt using GLEIM (full program) and NINJA (MCQ only)!!!

Louisiana Licensed CPA

[Author]

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