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This question is about salaries.
What is a pay period?
A pay period is a recurring time frame that calculates money earned by employees and determines when they will be paid. Companies and businesses can have different pay periods, and these include weekly, bi-weekly, and monthly.
A weekly pay period means employees are paid once per week. Bi-weekly pay periods have employees getting paid once every two weeks. And a monthly pay period has employees getting paid once a month.
The majority of pay periods are fixed and do not fluctuate. It is important to keep in mind that a pay period is different from a workweek.
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