Problem 2-10B Derek Allen is the payroll supervisor for Caposis Freight. His company is preparing to merge with another distribution company that has a different pay cycle. The president of the company wants to know the difference between biweekly and semimonthly pay cycles as far as pay dates and pay amounts. What should Derek tell him? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) This would also result in higher taxes per pay penod Moving between blweekly (26 pay periods per year with the possibility of 27) to a semimonthly system (24 pay periods per year) would The difference between biweekly and semimonthly pay periods causes a higher payroll tax liablity for the employer There are more days belng covered on the pay period under semimonthly than on biweekly. cause Individual to see Increases per pay period