The pay period intervals biweekly and semimonthly are similar in that the same number of pay periods occur in either method.

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The pay period intervals biweekly and semimonthly are not the same. Biweekly pay periods occur every two weeks, resulting in 26 pay periods per year. Semimonthly pay periods occur twice a month, usually on the 15th and last day of the month, resulting in 24 pay periods per year.

The Pay Period Intervals Biweekly and Semimonthly Are Similar in That