B. J. Swanson is paid an annual salary of 37500 semimonthly. What is his gross pay per pay period?

To calculate B. J. Swanson's gross pay per pay period, divide his annual salary of $37,500 by the number of pay periods in a year. Since he is paid semimonthly, there are 24 pay periods in a year. Therefore, his gross pay per pay period is $37,500 ÷ 24, which equals approximately $1,562.50.