Semi-Monthly means twice per month. Bi-weekly means every two weeks. A Semi-Monthly cycle occurs 24 times per year. A Bi-Weekly cycle occurs 26 times per year.
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If you're paid semimonthly, you're paid twice a month, or 24 times a year. Don't confuse semimonthly with biweekly, which is getting paid every two weeks, or 26 times a year.
Biweekly occurs every other week (e.g., every two weeks). Bimonthly occurs two times a month. Essentially it is the same thing, but there is a fine difference.
Semimonthly, 24 times a year. Biweekly, 26 times a year. Weekly, 52 times a year. Monthly, 12 times a year.
Bi-monthly has an ambiguity to it, it can mean 'twice a month' or 'every two months'. Where as semi-monthly means only 'twice a month'.
weekly is every week. bi-weekly is every 2 weeks