This property numerically defines the pay period to be used in calculations. This value defaults to 12, which corresponds to a monthly pay period. The Earnings property and the TaxAmount method are expressed in terms of this same pay period.
the $1000 Earnings value would now correspond to a semi-monthly figure, and TaxAmount would produce a new semi-monthly tax figure, in all likelihood not $150. (This is because many taxes are based on brackets which determine the tax rate.)