Question

You have just graduated from college and accepted a position. The salary is $45,000 annually. You have decided to plan your future and see if you can afford a house and a family of three on this salary, or if it is best to wait a couple of years to get more experience and advance in your career. Your first step is to figure out your monthly take-home pay. Your monthly gross pay is

1875
3750
4687.50
45000

Answer 1

3750

Explanation:

Answer 2

3750

Explanation:

To find the monthly gross pay, divide the annual salary by 12, the number of months in a year:

45000/12 = 3750