12) peyton is working for the city of san antonio as a salary employee, and his paychecks are currently…

12) peyton is working for the city of san antonio as a salary employee, and his paychecks are currently given weekly, and he gets $1,025 per week. his paychecks are going to change to monthly checks starting next month. what will his new paychecks be when he starts getting paid monthly?

12) peyton is working for the city of san antonio as a salary employee, and his paychecks are currently given weekly, and he gets $1,025 per week. his paychecks are going to change to monthly checks starting next month. what will his new paychecks be when he starts getting paid monthly?

Answer

Explanation:

Step1: Calculate annual salary

Annual salary = Weekly pay × Number of weeks in a year. Since there are 52 weeks in a year and the weekly pay is $1,025, the annual salary is $1,025×52 = $53,300.

Step2: Calculate monthly pay

Monthly pay = Annual salary÷Number of months in a year. There are 12 months in a year, so the monthly pay is $\frac{53300}{12}\approx4441.67$.

Answer:

$4441.67$