Precast concrete is a construction product produced by casting concrete in a reusable mold or form which is then cured in a controlled environment, transported to the construction site and lifted into place. In contrast, standard concrete is poured into site-specific forms and cured on site.
What They Are. Semi-monthly payments are payments made twice per month on the 1st and 15th rather than once per month on your regular due date. The balance due remains unchanged; if your mortgage is $1,200 per month, you would make a payment of $600 twice each month.
Here is a breakdown of the number of hours per pay period: Weekly (Paid 52 times a year) is 2080 hrs / 52 times = 40 hours per pay period. Bi-Weekly (Paid 26 times a year) is 2080 hrs / 26 times = 80 hours per pay period. Semi-Monthly (Paid 24 times a year) is 2080 hrs/ 24 times = 86.67 hours per pay period. Monthly (Paid 12 times a year) is 2080 hrs / 12 times = 173.33 hours per pay period. In the future when an employee asks you how the number of hours are determined especially for salary employees, you may use this calculation as an explanation.