We apply the Floquet theorem and the resonating averages method to solve the Schrödinger equation of the harmonic oscillator whose frequency varies periodically with time. We determine its Floquet states and its corresponding wave functions. The formalism provides an efficiency tool for analyzing the various transition probabilities as well as the uncertainty relation of the system. The effect of a periodic external force on the Floquet states and the two-photon algebra realization are shortly discussed.