ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -With a biweekly schedule, you receive 26 paychecks every year.

Detailed explanation-2: -Employees who are paid semimonthly always receive two paychecks per month. Companies that run payroll with a biweekly frequency dole out a total of 26 paychecks per year. Companies that use semimonthly pay give employees 24 paychecks per year.

Detailed explanation-3: -Employees receive 26 paychecks per year with a biweekly pay schedule. Depending on the calendar year, there are sometimes 27 pay periods, which can increase payroll costs. Both hourly and salaried employees may receive biweekly pay.

Detailed explanation-4: -There are 26 pay periods in a year when your company runs payroll on a bi-weekly schedule. That is because there are 52 weeks in a year. If one period covers two weeks, 52 weeks divided by two weeks results in 26 two-week pay periods in a year.

Detailed explanation-5: -Occurring once every two weeks; fortnightly. Occurring twice a week.