answersLogoWhite

0


Best Answer

Semimonthly means an event occurs twice a month. This is not the same as biweekly (every two weeks) as a month usually has more than 28 days. There are 24 semimonthly payments in a year but 26 biweekly payments. This leads to the unpleasant situation known to all folks paid semimonthly of the dreaded three-weekend pay period which stretched the bank balance painfully.

User Avatar

Wiki User

8y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

8y ago

every 2 weeks

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does semi monthly pay mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Do harris bank pay weekly or bi weekly?

They pay semi- monthly


How many pay period in one year if paid semi-monthly?

Normally, there are 24 pay periods when getting paid semi-monthly. You always get paid on the 1st, 15th or 30th.


How many semi monthly pay checks in 1 year?

24


What is the pay period called when you get 24 paycheck a year?

Semi-monthly


Converting semi monthly to hourly rate?

Take the semi-monthly rate and multiply by 12 to get the annual rate. Then take the annual rate and divide by 2080. To veryify your answer, take the hourly rate you just calculated and multiply by 86.67 and see how close you come back to the semi-monthly rate. Or, you can take the semi-monthly rate and divide by 86.67 (average hours in semi-monthly pay period) to get an hourly rate.


How many pay periods in one year if paid semi-monthly?

24 Semi-Monthly means twice per month. 12 months in a year times twice a month = 24


What does pay monthly mean for phones?

To pay for a phone once a month.


What semi monthly payroll means?

Semi Monthly payroll means you get paid twice a month - most common semi monthly payrolls are every 5th and 20th.


How much do you have to pay when you want to be a member on pixie hollow?

$5.95 monthly,$29.95 semi annual,$57.95 annual


Is there a way to get pirates online unlimited access forever?

No, you have to pay monthly, Semi annually (every 6 months), or Annually. (yearly) i suggest annually because you do save some money rather than buying monthly or semi annually.


What can semi monthly be used to qualify?

Semi-monthly is a term that is usually used to describe half a month. For example, if a person were paid semi-monthly then they would be paid twice a month.


What does Monthly Refuse Pickup Charge mean?

It means that you have to pay monthly to have your refuse picked up