examples: jonny has just signed a contract for a new job that pays $50,000 per year. if paychecks are issued…

examples: jonny has just signed a contract for a new job that pays $50,000 per year. if paychecks are issued every month, what should be his gross pay for each paycheck?

examples: jonny has just signed a contract for a new job that pays $50,000 per year. if paychecks are issued every month, what should be his gross pay for each paycheck?

Answer

Explanation:

Step1: Identify the total - year pay and number of months

The total - year pay is $50000$, and there are 12 months in a year.

Step2: Calculate the monthly pay

Divide the total - year pay by the number of months. The formula is $\text{Monthly pay}=\frac{\text{Total - year pay}}{12}$. So, $\frac{50000}{12}\approx4166.67$.

Answer:

$4166.67$