What is a distinct difference between a bi-weekly pay cycle and a semi-monthly pay cycle?
Answer
Bi-weekly schedules can result in three paychecks in some months, while semi-monthly usually maintains a fixed number of 24 annually.
A bi-weekly schedule issues payment every two weeks, leading to 26 annual paychecks, meaning occasionally a month receives three checks. A semi-monthly schedule is based on fixed dates, typically resulting in 24 payments per year.
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